Wayne Hummer Investments L.L.C. lowered its stake in BGC Partners, Inc. (NASDAQ:BGCP) by 8.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 115,311 shares of the financial services provider’s stock after selling 10,524 shares during the period. Wayne Hummer Investments L.L.C.’s holdings in BGC Partners were worth $1,458,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Icon Advisers Inc. Co. boosted its position in shares of BGC Partners by 0.5% in the first quarter. Icon Advisers Inc. Co. now owns 154,100 shares of the financial services provider’s stock valued at $1,751,000 after buying an additional 800 shares in the last quarter. Swiss National Bank boosted its position in shares of BGC Partners by 1.2% in the first quarter. Swiss National Bank now owns 341,908 shares of the financial services provider’s stock valued at $3,884,000 after buying an additional 3,900 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of BGC Partners by 736.5% in the first quarter. BNP Paribas Arbitrage SA now owns 248,338 shares of the financial services provider’s stock valued at $2,821,000 after buying an additional 218,650 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of BGC Partners by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 1,986,307 shares of the financial services provider’s stock valued at $22,564,000 after buying an additional 77,964 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of BGC Partners by 31.7% in the first quarter. First Trust Advisors LP now owns 110,582 shares of the financial services provider’s stock valued at $1,256,000 after buying an additional 26,643 shares in the last quarter. 48.41% of the stock is owned by hedge funds and other institutional investors.

BGC Partners, Inc. (NASDAQ BGCP) opened at 12.51 on Monday. The stock has a 50 day moving average price of $12.80 and a 200-day moving average price of $11.83. BGC Partners, Inc. has a 12-month low of $8.36 and a 12-month high of $13.44. The firm has a market capitalization of $3.58 billion, a PE ratio of 31.51 and a beta of 1.29.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 14th will be issued a $0.18 dividend. The ex-dividend date is Thursday, August 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.76%. BGC Partners’s payout ratio is currently 180.00%.

TRADEMARK VIOLATION WARNING: “Wayne Hummer Investments L.L.C. Decreases Stake in BGC Partners, Inc. (BGCP)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/08/21/wayne-hummer-investments-l-l-c-decreases-stake-in-bgc-partners-inc-bgcp.html.

Several brokerages recently issued reports on BGCP. BidaskClub raised BGC Partners from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Zacks Investment Research cut BGC Partners from a “buy” rating to a “hold” rating in a report on Friday, July 28th.

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.

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

Receive News & Stock Ratings for BGC Partners Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BGC Partners Inc. and related stocks with our FREE daily email newsletter.