The BGC Partners, Inc. (BGCP) Position Increased by Creative Planning

The BGC Partners, Inc. (BGCP) Position Increased by Creative Planning

Other institutional investors have also recently bought and sold shares of the company. Icon Advisers Inc. Co. raised its position in BGC Partners by 0.5% in the first quarter. Icon Advisers Inc. Co. now owns 154,100 shares of the financial services provider’s stock valued at $1,751,000 after buying an additional 800 shares during the last quarter. Regent Investment Management LLC raised its position in BGC Partners by 8.3% in the first quarter. Regent Investment Management LLC now owns 13,000 shares of the financial services provider’s stock valued at $148,000 after buying an additional 1,000 shares during the last quarter. Wealthsource Partners LLC raised its position in BGC Partners by 6.6% in the first quarter. Wealthsource Partners LLC now owns 20,499 shares of the financial services provider’s stock valued at $233,000 after buying an additional 1,275 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its position in BGC Partners by 1.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 152,838 shares of the financial services provider’s stock valued at $1,736,000 after buying an additional 1,762 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in BGC Partners by 8.2% in the first quarter. Wellington Management Group LLP now owns 29,972 shares of the financial services provider’s stock valued at $340,000 after buying an additional 2,272 shares during the last quarter. Institutional investors own 45.89% of the company’s stock.

Creative Planning boosted its stake in shares of BGC Partners, Inc. (NASDAQ:BGCP) by 66.6% during the second quarter, Holdings Channel reports. The fund owned 25,923 shares of the financial services provider’s stock after buying an additional 10,363 shares during the period. Creative Planning’s holdings in BGC Partners were worth $328,000 as of its most recent SEC filing.

Shares of BGC Partners, Inc. (BGCP) traded down 1.67% during trading on Wednesday, hitting $12.40. 227,376 shares of the stock traded hands. The firm has a market cap of $3.55 billion, a PE ratio of 31.23 and a beta of 1.29. The company’s 50 day moving average is $12.63 and its 200 day moving average is $11.68. BGC Partners, Inc. has a 52-week low of $8.36 and a 52-week high of $13.44.

BGC Partners (NASDAQ:BGCP) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The business had revenue of $737.80 million during the quarter, compared to the consensus estimate of $716 million. BGC Partners had a net margin of 4.23% and a return on equity of 35.29%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 earnings per share. On average, equities research analysts predict that BGC Partners, Inc. will post $0.99 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 14th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.71%. BGC Partners’s dividend payout ratio (DPR) is presently 180.00%.

Several equities analysts have weighed in on the stock. BidaskClub lowered shares of BGC Partners from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded shares of BGC Partners from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Friday, June 30th.

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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