BGC Partners, Inc. (NASDAQ:BGCP) Director Linda A. Bell sold 13,650 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $14.70, for a total value of $200,655.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of BGC Partners, Inc. (NASDAQ:BGCP) opened at 15.70 on Friday. The stock has a market capitalization of $4.44 billion, a PE ratio of 43.13 and a beta of 1.31. BGC Partners, Inc. has a 52-week low of $8.36 and a 52-week high of $16.03. The company’s 50 day moving average price is $13.40 and its 200 day moving average price is $12.31.

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 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 company had revenue of $737.80 million for the quarter, compared to analyst estimates of $716.00 million. During the same period in the prior year, the company posted $0.21 EPS. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts anticipate that BGC Partners, Inc. will post $1.07 EPS for the current year.

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A number of large investors have recently made changes to their positions in BGCP. Wells Fargo & Company MN increased its position in BGC Partners by 17.4% during the 1st quarter. Wells Fargo & Company MN now owns 567,501 shares of the financial services provider’s stock valued at $6,446,000 after buying an additional 84,031 shares in the last quarter. First Trust Advisors LP increased its position in BGC Partners by 31.7% during the 1st 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. Bank of New York Mellon Corp increased its position in BGC Partners by 4.1% during the 1st 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. Swiss National Bank increased its position in BGC Partners by 1.2% during the 1st 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. Finally, UBS Asset Management Americas Inc. increased its position in BGC Partners by 30.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 134,729 shares of the financial services provider’s stock valued at $1,531,000 after buying an additional 31,472 shares in the last quarter. 42.25% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on the company. BidaskClub raised BGC Partners from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. ValuEngine cut BGC Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday. Finally, Zacks Investment Research raised BGC Partners from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective on the stock in a research report on Wednesday.

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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