Opus Capital Group LLC increased its stake in BGC Partners, Inc. (NASDAQ:BGCP) by 753.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 340,849 shares of the financial services provider’s stock after buying an additional 300,926 shares during the period. BGC Partners makes up about 0.8% of Opus Capital Group LLC’s investment portfolio, making the stock its 25th largest position. Opus Capital Group LLC owned approximately 0.12% of BGC Partners worth $4,308,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of BGCP. BlackRock Inc. increased its stake in shares of BGC Partners by 66,726.9% in the first quarter. BlackRock Inc. now owns 14,384,491 shares of the financial services provider’s stock valued at $163,409,000 after buying an additional 14,362,966 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of BGC Partners by 7.1% in the first quarter. Vanguard Group Inc. now owns 18,310,093 shares of the financial services provider’s stock valued at $208,003,000 after buying an additional 1,214,964 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of BGC Partners by 160.1% in the first quarter. Renaissance Technologies LLC now owns 1,332,648 shares of the financial services provider’s stock valued at $15,139,000 after buying an additional 820,200 shares in the last quarter. Edge Asset Management Inc. increased its stake in shares of BGC Partners by 19.5% in the first quarter. Edge Asset Management Inc. now owns 4,260,061 shares of the financial services provider’s stock valued at $48,394,000 after buying an additional 694,519 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of BGC Partners by 11.2% in the first quarter. Dimensional Fund Advisors LP now owns 6,367,855 shares of the financial services provider’s stock valued at $72,338,000 after buying an additional 643,716 shares in the last quarter. Institutional investors own 48.41% of the company’s stock.

Shares of BGC Partners, Inc. (NASDAQ:BGCP) opened at 12.64 on Friday. BGC Partners, Inc. has a 52 week low of $8.36 and a 52 week high of $13.44. The stock has a market capitalization of $3.62 billion, a P/E ratio of 31.84 and a beta of 1.29. The firm’s 50-day moving average price is $12.80 and its 200 day moving average price is $11.82.

BGC Partners (NASDAQ:BGCP) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $737.80 million during the quarter, compared to the consensus estimate of $716 million. BGC Partners had a net margin of 4.23% and a return on equity of 35.60%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 earnings per share. Analysts expect that BGC Partners, Inc. will post $0.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Monday, August 14th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.70%. BGC Partners’s dividend payout ratio (DPR) is currently 180.00%.

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BGCP has been the topic of several recent analyst reports. Zacks Investment Research upgraded BGC Partners from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Friday, June 30th. BidaskClub upgraded BGC Partners from a “hold” rating to a “buy” rating in a research note on Friday, July 7th.

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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Institutional Ownership by Quarter for BGC Partners (NASDAQ:BGCP)

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