California Public Employees Retirement System lifted its stake in shares of BGC Partners, Inc. (NASDAQ:BGCP) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 735,300 shares of the financial services provider’s stock after acquiring an additional 4,400 shares during the quarter. California Public Employees Retirement System owned approximately 0.26% of BGC Partners worth $9,294,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of BGC Partners by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 18,619,070 shares of the financial services provider’s stock valued at $235,346,000 after acquiring an additional 308,977 shares during the period. Menta Capital LLC bought a new position in shares of BGC Partners during the 2nd quarter valued at approximately $193,000. UBS Asset Management Americas Inc. grew its stake in shares of BGC Partners by 10.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 148,153 shares of the financial services provider’s stock valued at $1,873,000 after acquiring an additional 13,424 shares during the period. Rafferty Asset Management LLC bought a new position in shares of BGC Partners during the 2nd quarter valued at approximately $429,000. Finally, New York State Common Retirement Fund grew its stake in shares of BGC Partners by 54.8% during the 2nd quarter. New York State Common Retirement Fund now owns 539,002 shares of the financial services provider’s stock valued at $6,813,000 after acquiring an additional 190,709 shares during the period. Institutional investors own 42.26% of the company’s stock.

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BGCP has been the subject of a number of recent research reports. Zacks Investment Research downgraded BGC Partners from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. ValuEngine downgraded BGC Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, BidaskClub upgraded BGC Partners from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th.

BGC Partners, Inc. (NASDAQ:BGCP) opened at 15.94 on Monday. The company has a market capitalization of $4.50 billion, a P/E ratio of 43.79 and a beta of 1.31. BGC Partners, Inc. has a 1-year low of $8.36 and a 1-year high of $16.03. The firm has a 50-day moving average price of $13.50 and a 200 day moving average price of $12.34.

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, meeting the Zacks’ consensus estimate of $0.24. The business had revenue of $737.80 million during the quarter, compared to analysts’ expectations of $716.00 million. BGC Partners had a return on equity of 35.60% and a net margin of 4.23%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 earnings per share. On average, equities analysts predict that BGC Partners, Inc. will post $1.07 EPS for the current year.

In other news, Director Linda A. Bell sold 13,650 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was 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 Securities & Exchange Commission, which is available through the SEC website. 37.40% of the stock is owned by insiders.

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

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