BGC Partners (BGCP) Cut to Buy at ValuEngine
ValuEngine lowered shares of BGC Partners (NASDAQ:BGCP) from a strong-buy rating to a buy rating in a research report released on Friday.
A number of other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of BGC Partners from a sell rating to a hold rating in a research note on Tuesday, September 26th. BidaskClub raised shares of BGC Partners from a hold rating to a buy rating in a research note on Thursday, August 17th.
BGC Partners (NASDAQ:BGCP) opened at $16.49 on Friday. The company has a market cap of $4,722.81, a PE ratio of 16.19 and a beta of 1.27. The company has a current ratio of 1.32, a quick ratio of 1.31 and a debt-to-equity ratio of 2.97. BGC Partners has a 52-week low of $9.86 and a 52-week high of $16.90.
BGC Partners (NASDAQ:BGCP) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.29 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.29. The business had revenue of $827.03 million during the quarter. BGC Partners had a net margin of 4.67% and a return on equity of 42.02%.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Tuesday, November 14th were paid a $0.18 dividend. The ex-dividend date was Monday, November 13th. This represents a $0.72 dividend on an annualized basis and a yield of 4.37%. BGC Partners’s payout ratio is currently 153.19%.
In related news, Director Linda A. Bell sold 13,650 shares of the company’s stock in a transaction dated 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 is available at this hyperlink. Insiders own 44.45% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. bought a new stake in BGC Partners during the third quarter worth about $114,000. Sei Investments Co. grew its stake in BGC Partners by 47.8% during the second quarter. Sei Investments Co. now owns 8,312 shares of the financial services provider’s stock worth $105,000 after buying an additional 2,689 shares during the last quarter. Ffcm LLC grew its stake in BGC Partners by 169.5% during the second quarter. Ffcm LLC now owns 8,901 shares of the financial services provider’s stock worth $113,000 after buying an additional 5,598 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in BGC Partners by 13.1% during the second quarter. PNC Financial Services Group Inc. now owns 9,508 shares of the financial services provider’s stock worth $120,000 after buying an additional 1,100 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. bought a new stake in BGC Partners during the second quarter worth about $124,000. 43.10% of the stock is currently owned by hedge funds and other institutional investors.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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