ValuEngine lowered shares of BGC Partners, Inc. (NASDAQ:BGCP) from a strong-buy rating to a buy rating in a research report report published on Monday.

Several other analysts have also recently commented on the company. Zacks Investment Research cut BGC Partners from a buy rating to a hold rating in a research report on Friday, July 28th. BidaskClub raised BGC Partners from a hold rating to a buy rating in a research report on Sunday, July 16th.

BGC Partners (NASDAQ BGCP) opened at 14.81 on Monday. BGC Partners has a 12-month low of $8.36 and a 12-month high of $14.85. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 40.69 and a beta of 1.31. The company has a 50 day moving average of $13.17 and a 200-day moving average of $12.23.

BGC Partners (NASDAQ:BGCP) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. BGC Partners had a net margin of 4.23% and a return on equity of 35.60%. The company had revenue of $737.80 million for the quarter, compared to the consensus estimate of $716.00 million. During the same period in the previous year, the business earned $0.21 EPS. The company’s revenue was up 12.8% on a year-over-year basis. On average, equities research analysts forecast that BGC Partners will post $0.99 earnings per share for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. 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. grew its position in 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 valued at $100,129,000 after purchasing an additional 5,643,875 shares in the last quarter. Prudential Financial Inc. grew its position in 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 valued at $22,043,000 after purchasing an additional 1,684,617 shares in the last quarter. Vanguard Group Inc. grew its position in 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 valued at $208,003,000 after purchasing an additional 1,214,964 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in BGC Partners by 136.8% during the second quarter. Goldman Sachs Group Inc. now owns 1,560,790 shares of the financial services provider’s stock valued at $19,728,000 after purchasing an additional 901,592 shares in the last quarter. 42.25% of the stock is owned by institutional investors and hedge funds.

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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