Boston Partners Has $3,996,000 Stake in BGC Partners, Inc. (BGCP)
Boston Partners held its position in shares of BGC Partners, Inc. (NASDAQ:BGCP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 316,132 shares of the financial services provider’s stock at the end of the second quarter. Boston Partners owned about 0.11% of BGC Partners worth $3,996,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Trexquant Investment LP raised its position in shares of BGC Partners by 38.2% in the second quarter. Trexquant Investment LP now owns 46,560 shares of the financial services provider’s stock worth $589,000 after buying an additional 12,880 shares during the last quarter. Sei Investments Co. raised its position in BGC Partners by 47.8% in the second quarter. Sei Investments Co. now owns 8,312 shares of the financial services provider’s stock valued at $105,000 after buying an additional 2,689 shares in the last quarter. Bessemer Group Inc. raised its position in BGC Partners by 319.2% in the second quarter. Bessemer Group Inc. now owns 92,231 shares of the financial services provider’s stock valued at $1,165,000 after buying an additional 70,231 shares in the last quarter. Schnieders Capital Management LLC raised its position in BGC Partners by 2.5% in the second quarter. Schnieders Capital Management LLC now owns 20,600 shares of the financial services provider’s stock valued at $260,000 after buying an additional 500 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in BGC Partners by 13.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 61,140 shares of the financial services provider’s stock valued at $773,000 after buying an additional 7,193 shares in the last quarter. Institutional investors own 48.41% of the company’s stock.
BGC Partners, Inc. (BGCP) opened at 12.51 on Monday. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 31.51 and a beta of 1.29. The stock’s 50 day moving average price is $12.80 and its 200 day moving average price is $11.83. BGC Partners, Inc. has a 12-month low of $8.36 and a 12-month high of $13.44.
BGC Partners (NASDAQ:BGCP) last released its earnings results on Wednesday, July 26th. The financial services provider reported $0.24 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. BGC Partners had a return on equity of 35.60% and a net margin of 4.23%. The firm had revenue of $737.80 million for the quarter, compared to the consensus estimate of $716 million. During the same period in the prior year, the business posted $0.21 earnings per share. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. Analysts forecast that BGC Partners, Inc. will post $0.99 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Monday, August 14th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.72 annualized dividend and a yield of 5.76%. BGC Partners’s dividend payout ratio (DPR) is presently 180.00%.
Several research analysts have recently commented on the company. BidaskClub upgraded BGC Partners from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research lowered BGC Partners from a “buy” rating to a “hold” rating in a report on Friday, July 28th.
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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