Shares of BGC Partners, Inc. (NASDAQ:BGCP) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Brokers have set a twelve-month consensus price objective of $18.00 for the company and are anticipating 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 30 out of 265 based on the ratings given to related companies.
Several research firms have commented on BGCP. BGC Financial raised shares of BGC Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. TheStreet downgraded shares of BGC Partners from a “b” rating to a “c+” rating in a report on Monday, February 12th. BidaskClub raised shares of BGC Partners from a “sell” rating to a “hold” rating in a report on Saturday, March 10th. Zacks Investment Research downgraded shares of BGC Partners from a “buy” rating to a “hold” rating in a report on Monday, April 16th. Finally, ValuEngine downgraded shares of BGC Partners from a “buy” rating to a “hold” rating in a report on Monday, April 2nd.
A number of institutional investors have recently modified their holdings of the business. Convergence Investment Partners LLC acquired a new position in shares of BGC Partners in the 4th quarter valued at $1,755,000. Bank of Montreal Can raised its stake in shares of BGC Partners by 7.5% in the 4th quarter. Bank of Montreal Can now owns 63,008 shares of the financial services provider’s stock valued at $952,000 after buying an additional 4,388 shares in the last quarter. Creative Planning raised its stake in shares of BGC Partners by 16.9% in the 4th quarter. Creative Planning now owns 30,309 shares of the financial services provider’s stock valued at $458,000 after buying an additional 4,386 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of BGC Partners by 3.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 956,664 shares of the financial services provider’s stock valued at $14,456,000 after buying an additional 35,089 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of BGC Partners in the 4th quarter valued at $886,000. 44.55% of the stock is owned by hedge funds and other institutional investors.
BGC Partners stock traded down $0.20 during midday trading on Thursday, reaching $13.08. 426,821 shares of the stock traded hands, compared to its average volume of 1,972,396. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $4,100.57, a price-to-earnings ratio of 10.87 and a beta of 1.07. BGC Partners has a fifty-two week low of $11.02 and a fifty-two week high of $16.97.
BGC Partners (NASDAQ:BGCP) last released its earnings results on Friday, February 9th. The financial services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.07. The business had revenue of $894.23 million for the quarter, compared to the consensus estimate of $853.00 million. BGC Partners had a net margin of 0.05% and a return on equity of 47.22%. During the same period in the previous year, the firm earned $0.25 EPS. research analysts expect that BGC Partners will post 1.37 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 5th. Shareholders of record on Monday, May 21st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date is Friday, May 18th. BGC Partners’s dividend payout ratio (DPR) is presently 60.00%.
About BGC Partners
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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