Russell Investments Group Ltd. grew its holdings in BGC Partners, Inc. (NASDAQ:BGCP) by 6.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,063,491 shares of the financial services provider’s stock after purchasing an additional 63,198 shares during the quarter. Russell Investments Group Ltd. owned about 0.31% of BGC Partners worth $5,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Icon Wealth Partners LLC acquired a new position in BGC Partners during the 1st quarter worth approximately $40,000. Enterprise Financial Services Corp grew its stake in shares of BGC Partners by 21.4% during the second quarter. Enterprise Financial Services Corp now owns 11,195 shares of the financial services provider’s stock valued at $59,000 after buying an additional 1,973 shares during the last quarter. Commerce Bank bought a new position in shares of BGC Partners during the second quarter valued at about $60,000. Signition LP bought a new position in shares of BGC Partners during the second quarter valued at about $71,000. Finally, Comerica Bank bought a new position in shares of BGC Partners during the second quarter valued at about $71,000. 52.61% of the stock is currently owned by institutional investors.

Shares of NASDAQ BGCP traded up $0.04 during trading hours on Friday, hitting $5.72. The company’s stock had a trading volume of 232,859 shares, compared to its average volume of 1,439,089. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.09 and a current ratio of 1.11. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 7.94 and a beta of 1.43. BGC Partners, Inc. has a 12 month low of $4.46 and a 12 month high of $12.14. The business has a 50-day simple moving average of $5.18 and a 200-day simple moving average of $5.33.

BGC Partners (NASDAQ:BGCP) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). The business had revenue of $551.20 million during the quarter, compared to the consensus estimate of $546.65 million. BGC Partners had a return on equity of 38.17% and a net margin of 6.98%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 earnings per share. On average, equities research analysts forecast that BGC Partners, Inc. will post 0.63 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were paid a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.56 annualized dividend and a dividend yield of 9.79%. BGC Partners’s payout ratio is presently 77.78%.

A number of research analysts have recently issued reports on BGCP shares. BidaskClub raised BGC Partners from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Zacks Investment Research cut BGC Partners from a “hold” rating to a “sell” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $11.00.

BGC Partners Company Profile

BGC Partners, Inc operates as a brokerage and financial technology company worldwide. It offers various brokerage products, such as fixed income, foreign exchange, equities, energy and commodities, insurance, and futures. The company also provides other services that include trade execution, broker dealer, clearing, trade compression, post-trade, information, and other back office services to financial and non-financial institutions.

Further Reading: Quiet Period Expirations Explained

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

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