BGC Partners, Inc. (BGCP) Stake Raised by State Street Corp
State Street Corp raised its position in BGC Partners, Inc. (NASDAQ:BGCP) by 0.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,306,232 shares of the company’s stock after buying an additional 1,008 shares during the period. State Street Corp owned 1.54% of BGC Partners worth $44,052,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of BGCP. Harbor Advisors LLC purchased a new position in BGC Partners during the fourth quarter valued at $102,000. IMS Capital Management increased its position in BGC Partners by 0.3% in the third quarter. IMS Capital Management now owns 16,078 shares of the company’s stock valued at $141,000 after buying an additional 56 shares in the last quarter. Alpine Woods Capital Investors LLC increased its position in BGC Partners by 17.6% in the third quarter. Alpine Woods Capital Investors LLC now owns 20,000 shares of the company’s stock valued at $175,000 after buying an additional 3,000 shares in the last quarter. Baldwin Brothers Inc. MA increased its position in BGC Partners by 24.2% in the third quarter. Baldwin Brothers Inc. MA now owns 20,500 shares of the company’s stock valued at $179,000 after buying an additional 4,000 shares in the last quarter. Finally, Opus Capital Group LLC purchased a new position in BGC Partners during the third quarter valued at $203,000. 39.12% of the stock is owned by hedge funds and other institutional investors.
BGC Partners, Inc. (NASDAQ:BGCP) opened at 11.35 on Tuesday. The firm has a 50-day moving average price of $11.40 and a 200 day moving average price of $10.01. The firm has a market capitalization of $3.21 billion, a P/E ratio of 31.18 and a beta of 1.40. BGC Partners, Inc. has a 52-week low of $8.18 and a 52-week high of $11.85.
BGC Partners (NASDAQ:BGCP) last announced its quarterly earnings results on Thursday, February 9th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. BGC Partners had a net margin of 4.08% and a return on equity of 29.70%. The company had revenue of $673.20 million for the quarter, compared to analysts’ expectations of $658.80 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. BGC Partners’s quarterly revenue was down .3% on a year-over-year basis. Analysts forecast that BGC Partners, Inc. will post $0.94 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 14th. Investors of record on Tuesday, February 28th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 5.64%. The ex-dividend date of this dividend was Friday, February 24th. BGC Partners’s dividend payout ratio is presently 168.43%.
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Separately, Zacks Investment Research raised BGC Partners from a “sell” rating to a “hold” rating and set a $11.00 target price for the company in a research report on Tuesday, December 27th.
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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