BGC Partners, Inc. (NASDAQ:BGCP) shares reached a new 52-week high on Tuesday . The company traded as high as $13.57 and last traded at $13.57, with a volume of 694,340 shares changing hands. The stock had previously closed at $13.31.

A number of research firms have weighed in on BGCP. ValuEngine raised BGC Partners from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. BidaskClub raised BGC Partners from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Finally, Zacks Investment Research lowered BGC Partners from a “buy” rating to a “hold” rating in a report on Friday, July 28th.

The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 34.18 and a beta of 1.31. The firm’s 50-day moving average price is $12.85 and its 200-day moving average price is $12.06.

BGC Partners (NASDAQ:BGCP) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.24 EPS for the quarter, hitting the 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 $716.00 million. During the same quarter last year, the company earned $0.21 earnings per share. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, equities research analysts expect that BGC Partners, Inc. will post $0.99 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 28th. Investors of record on Monday, August 14th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 5.41%. The ex-dividend date was Thursday, August 10th. BGC Partners’s dividend payout ratio is currently 180.00%.

Several large investors have recently added to or reduced their stakes in the stock. IMS Capital Management grew its position in shares of BGC Partners by 0.4% during the second quarter. IMS Capital Management now owns 12,720 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 49 shares in the last quarter. M&T Bank Corp grew its position in shares of BGC Partners by 1.3% during the second quarter. M&T Bank Corp now owns 20,250 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 250 shares in the last quarter. Teacher Retirement System of Texas grew its position in shares of BGC Partners by 2.3% during the second quarter. Teacher Retirement System of Texas now owns 16,668 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 375 shares in the last quarter. Schnieders Capital Management LLC grew its position in shares of BGC Partners by 2.5% during the second quarter. Schnieders Capital Management LLC now owns 20,600 shares of the financial services provider’s stock worth $260,000 after purchasing an additional 500 shares in the last quarter. Finally, Advisor Group Inc. grew its position in shares of BGC Partners by 7.6% during the second quarter. Advisor Group Inc. now owns 11,974 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 850 shares in the last quarter. Hedge funds and other institutional investors own 42.25% of the company’s stock.

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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.

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