Legal & General Group Plc lifted its position in shares of BGC Partners, Inc. (NASDAQ:BGCP) by 14.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,351 shares of the financial services provider’s stock after purchasing an additional 10,634 shares during the period. Legal & General Group Plc’s holdings in BGC Partners were worth $1,053,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BGCP. Wells Fargo & Company MN lifted its position in shares of BGC Partners by 17.4% during the first quarter. Wells Fargo & Company MN now owns 567,501 shares of the financial services provider’s stock worth $6,446,000 after purchasing an additional 84,031 shares in the last quarter. First Trust Advisors LP lifted its position in shares of BGC Partners by 31.7% during the first quarter. First Trust Advisors LP now owns 110,582 shares of the financial services provider’s stock worth $1,256,000 after purchasing an additional 26,643 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of BGC Partners by 4.1% during the first quarter. Bank of New York Mellon Corp now owns 1,986,307 shares of the financial services provider’s stock worth $22,564,000 after purchasing an additional 77,964 shares in the last quarter. Swiss National Bank lifted its position in shares of BGC Partners by 1.2% during the first quarter. Swiss National Bank now owns 341,908 shares of the financial services provider’s stock worth $3,884,000 after purchasing an additional 3,900 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in shares of BGC Partners by 30.5% during the first quarter. UBS Asset Management Americas Inc. now owns 134,729 shares of the financial services provider’s stock worth $1,531,000 after purchasing an additional 31,472 shares in the last quarter. 42.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of BGC Partners, Inc. (NASDAQ BGCP) opened at 14.47 on Friday. The company has a 50-day moving average of $12.87 and a 200 day moving average of $12.07. BGC Partners, Inc. has a 12-month low of $8.36 and a 12-month high of $14.50. The firm has a market capitalization of $4.09 billion, a PE ratio of 39.75 and a beta of 1.31.

BGC Partners (NASDAQ:BGCP) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. BGC Partners had a return on equity of 35.60% and a net margin of 4.23%. The company 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 posted $0.21 earnings per share. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, analysts predict that BGC Partners, Inc. will post $0.99 EPS for the current year.

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A number of research analysts have recently commented on BGCP shares. Zacks Investment Research raised shares of BGC Partners from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Friday, June 30th. BidaskClub raised shares of BGC Partners from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Finally, ValuEngine raised shares of BGC Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st.

BGC Partners 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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