Bronfman E.L. Rothschild L.P. purchased a new stake in shares of BGC Partners, Inc. (NASDAQ:BGCP) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 9,814 shares of the financial services provider’s stock, valued at approximately $124,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its position in BGC Partners by 247.8% in the second quarter. Principal Financial Group Inc. now owns 7,921,620 shares of the financial services provider’s stock valued at $100,129,000 after purchasing an additional 5,643,875 shares during the last quarter. Brookstone Capital Management bought a new stake in BGC Partners in the second quarter valued at approximately $290,000. Utah Retirement Systems bought a new stake in BGC Partners in the second quarter valued at approximately $529,000. Airain ltd bought a new stake in BGC Partners in the second quarter valued at approximately $1,943,000. Finally, Willingdon Wealth Management bought a new stake in BGC Partners in the second quarter valued at approximately $1,496,000. Institutional investors own 43.76% of the company’s stock.
BGCP has been the topic of several research analyst reports. Zacks Investment Research cut BGC Partners from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 30th. ValuEngine raised BGC Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, BidaskClub raised BGC Partners from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th.
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BGC Partners, Inc. (BGCP) traded down 0.45% during mid-day trading on Friday, hitting $13.14. The company had a trading volume of 1,723,649 shares. The firm has a market capitalization of $3.76 billion, a P/E ratio of 33.10 and a beta of 1.31. BGC Partners, Inc. has a 12 month low of $8.36 and a 12 month high of $13.44. The company has a 50-day moving average price of $12.83 and a 200 day moving average price of $12.04.
BGC Partners (NASDAQ:BGCP) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.24. The company had revenue of $737.80 million during the quarter, compared to analysts’ expectations of $716.00 million. BGC Partners had a net margin of 4.23% and a return on equity of 35.60%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 EPS. Equities analysts forecast that BGC Partners, Inc. will post $0.99 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 28th. Shareholders of record on Monday, August 14th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $0.72 dividend on an annualized basis and a yield of 5.46%. BGC Partners’s dividend payout ratio is currently 180.00%.
BGC Partners Company Profile
BGC Partners, Inc (BGC) is a global brokerage company servicing the financial and real estate markets. The Company operates through two segments: Financial Services and Real Estate Services. It provides a range of services, including trade execution, broker-dealer services clearing, trade compression, post trade, information, and other back-office services to a range of financial and non-financial institutions.
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