BGC Partners Target of Unusually High Options Trading (BGCP)

BGC Partners, Inc. (NASDAQ:BGCP) saw unusually large options trading on Thursday. Stock investors bought 1,532 put options on the stock. This represents an increase of 2,089% compared to the average daily volume of 70 put options.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in BGC Partners by 4.3% in the 4th quarter. BlackRock Inc. now owns 11,549,090 shares of the financial services provider’s stock valued at $174,507,000 after purchasing an additional 480,323 shares during the period. Swiss National Bank boosted its stake in BGC Partners by 2.4% in the 4th quarter. Swiss National Bank now owns 364,108 shares of the financial services provider’s stock valued at $5,502,000 after purchasing an additional 8,700 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in BGC Partners by 5.9% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 150,086 shares of the financial services provider’s stock valued at $2,267,000 after purchasing an additional 8,322 shares during the period. Goldman Sachs Group Inc. boosted its stake in BGC Partners by 70.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,847,509 shares of the financial services provider’s stock valued at $58,136,000 after purchasing an additional 1,594,437 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in BGC Partners by 662.1% in the 4th quarter. Macquarie Group Ltd. now owns 132,600 shares of the financial services provider’s stock valued at $2,003,000 after purchasing an additional 115,200 shares during the period. Institutional investors and hedge funds own 49.40% of the company’s stock.

Several brokerages have recently commented on BGCP. BidaskClub upgraded BGC Partners from a “sell” rating to a “hold” rating in a research note on Saturday, March 10th. Zacks Investment Research downgraded BGC Partners from a “buy” rating to a “hold” rating in a research note on Monday, April 16th. ValuEngine downgraded BGC Partners from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, TheStreet upgraded BGC Partners from a “c+” rating to a “b” rating in a research note on Thursday, May 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $18.00.

Shares of NASDAQ BGCP opened at $11.32 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.99. BGC Partners has a 12 month low of $10.65 and a 12 month high of $16.97. The company has a market cap of $3.63 billion, a PE ratio of 9.43 and a beta of 1.03.

BGC Partners (NASDAQ:BGCP) last issued its earnings results on Thursday, May 3rd. The financial services provider reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.02. The company had revenue of $956.65 million during the quarter, compared to the consensus estimate of $924.00 million. BGC Partners had a return on equity of 48.64% and a net margin of 1.24%. research analysts expect that BGC Partners will post 1.38 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 5th. Investors of record on Monday, May 21st were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, May 18th. This represents a $0.72 annualized dividend and a yield of 6.36%. BGC Partners’s dividend payout ratio (DPR) is presently 60.00%.

BGC Partners Company Profile

BGC Partners, Inc operates as a brokerage company servicing the financial and real estate markets worldwide. It operates in two segments, Financial Services and Real Estate Services. The Financial Services segment provides brokerage services for fixed income, interest rate derivatives, spot foreign exchange, foreign exchange derivatives, government bonds, corporate bonds, credit derivatives, insurance and money market products, energy, metals, equity derivatives, and structured market data products and services.

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