Shares of BGC Partners, Inc. (NASDAQ:BGCP) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokerages have set a 1 year consensus price objective of $18.00 for the company and are predicting that the company will post $0.30 earnings per share for the current quarter, according to Zacks. Zacks has also assigned BGC Partners an industry rank of 85 out of 265 based on the ratings given to related companies.
BGCP has been the topic of several research analyst reports. BidaskClub upgraded shares of BGC Partners from a “strong sell” rating to a “sell” rating in a research note on Saturday, March 3rd. ValuEngine lowered shares of BGC Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. BGC Financial upgraded shares of BGC Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, February 13th. Finally, TheStreet lowered shares of BGC Partners from a “b” rating to a “c+” rating in a research note on Monday, February 12th.
Large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its position in BGC Partners by 4.3% during the 4th quarter. BlackRock Inc. now owns 11,549,090 shares of the financial services provider’s stock worth $174,507,000 after purchasing an additional 480,323 shares during the last quarter. Dimensional Fund Advisors LP grew its position in BGC Partners by 2.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,056,614 shares of the financial services provider’s stock worth $102,102,000 after purchasing an additional 170,701 shares during the last quarter. Goldman Sachs Group Inc. grew its position in BGC Partners by 70.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,847,509 shares of the financial services provider’s stock worth $58,136,000 after purchasing an additional 1,594,437 shares during the last quarter. Renaissance Technologies LLC grew its position in BGC Partners by 89.0% during the 4th quarter. Renaissance Technologies LLC now owns 3,762,048 shares of the financial services provider’s stock worth $56,845,000 after purchasing an additional 1,771,548 shares during the last quarter. Finally, Millennium Management LLC grew its position in BGC Partners by 79.3% during the 4th quarter. Millennium Management LLC now owns 3,665,986 shares of the financial services provider’s stock worth $55,393,000 after purchasing an additional 1,620,823 shares during the last quarter. Hedge funds and other institutional investors own 44.35% of the company’s stock.
Shares of BGC Partners stock traded up $0.02 on Monday, hitting $13.93. 1,386,616 shares of the stock were exchanged, compared to its average volume of 2,194,102. BGC Partners has a fifty-two week low of $10.39 and a fifty-two week high of $16.97. The firm has a market cap of $4,259.81, a price-to-earnings ratio of 12.53 and a beta of 1.10. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.20 and a quick ratio of 1.18.
BGC Partners (NASDAQ:BGCP) last announced its quarterly earnings data on Friday, February 9th. The financial services provider reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.07. BGC Partners had a net margin of 0.05% and a return on equity of 47.22%. The business had revenue of $894.23 million for the quarter, compared to analyst estimates of $853.00 million. During the same period last year, the business earned $0.25 EPS. equities research analysts expect that BGC Partners will post 1.42 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Tuesday, February 27th were paid a dividend of $0.18 per share. The ex-dividend date was Monday, February 26th. This represents a $0.72 annualized dividend and a yield of 5.17%.
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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