HGK Asset Management Inc. reduced its stake in shares of BGC Partners, Inc. (NASDAQ:BGCP) by 3.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,103 shares of the financial services provider’s stock after selling 1,260 shares during the quarter. HGK Asset Management Inc.’s holdings in BGC Partners were worth $444,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of BGCP. BlackRock Inc. boosted its holdings in shares of BGC Partners by 66,726.9% during the first quarter. BlackRock Inc. now owns 14,384,491 shares of the financial services provider’s stock worth $163,409,000 after purchasing an additional 14,362,966 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of BGC Partners by 247.8% during the second quarter. Principal Financial Group Inc. now owns 7,921,620 shares of the financial services provider’s stock worth $100,129,000 after purchasing an additional 5,643,875 shares during the period. Prudential Financial Inc. boosted its holdings in shares of BGC Partners by 2,838.5% during the second quarter. Prudential Financial Inc. now owns 1,743,966 shares of the financial services provider’s stock worth $22,043,000 after purchasing an additional 1,684,617 shares during the period. Vanguard Group Inc. boosted its holdings in shares of BGC Partners by 7.1% during the first quarter. Vanguard Group Inc. now owns 18,310,093 shares of the financial services provider’s stock worth $208,003,000 after purchasing an additional 1,214,964 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of BGC Partners by 160.1% during the first quarter. Renaissance Technologies LLC now owns 1,332,648 shares of the financial services provider’s stock worth $15,139,000 after purchasing an additional 820,200 shares during the period. Institutional investors and hedge funds own 43.76% of the company’s stock.

Several analysts recently commented on BGCP shares. Zacks Investment Research cut shares of BGC Partners from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 30th. ValuEngine raised shares of BGC Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, BidaskClub raised shares of BGC Partners from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th.

BGC Partners, Inc. (BGCP) opened at 13.24 on Wednesday. BGC Partners, Inc. has a 12 month low of $8.36 and a 12 month high of $13.44. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 33.35 and a beta of 1.31. The company’s 50-day moving average is $12.80 and its 200 day moving average is $11.99.

BGC Partners (NASDAQ:BGCP) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, meeting 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 business had revenue of $737.80 million during the quarter, compared to analyst estimates of $716.00 million. During the same period in the previous year, the firm earned $0.21 EPS. BGC Partners’s quarterly revenue was up 12.8% compared to the same quarter last year. Equities analysts forecast that BGC Partners, Inc. will post $0.99 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 28th. Shareholders of record on Monday, August 14th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date of this dividend was Thursday, August 10th. BGC Partners’s dividend payout ratio (DPR) is currently 180.00%.

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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.

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

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