BGC Partners (NASDAQ:BGCP) released its quarterly earnings data on Friday. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.07, Bloomberg Earnings reports. The business had revenue of $894.23 million during the quarter, compared to analysts’ expectations of $853.00 million. BGC Partners had a return on equity of 42.02% and a net margin of 4.67%. During the same period in the prior year, the firm posted $0.25 EPS.

BGC Partners (NASDAQ BGCP) traded down $0.28 during trading hours on Friday, hitting $13.01. The stock had a trading volume of 3,034,017 shares, compared to its average volume of 1,840,000. The firm has a market cap of $3,680.00, a PE ratio of 20.65 and a beta of 1.06. BGC Partners has a twelve month low of $10.39 and a twelve month high of $16.97. The company has a current ratio of 1.32, a quick ratio of 1.31 and a debt-to-equity ratio of 2.97.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 27th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, February 26th. This represents a $0.72 annualized dividend and a dividend yield of 5.53%. BGC Partners’s dividend payout ratio is currently 114.29%.

Several research analysts have recently issued reports on BGCP shares. BidaskClub cut BGC Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 15th. ValuEngine cut BGC Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st.

Several large investors have recently added to or reduced their stakes in the company. First Republic Investment Management Inc. boosted its position in shares of BGC Partners by 59.9% during the 4th quarter. First Republic Investment Management Inc. now owns 34,632 shares of the financial services provider’s stock worth $524,000 after acquiring an additional 12,970 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new position in shares of BGC Partners during the 4th quarter worth about $153,000. ARP Americas LP acquired a new position in shares of BGC Partners during the 4th quarter worth about $827,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of BGC Partners in the 4th quarter valued at about $1,497,000. Finally, Virtu Financial LLC lifted its holdings in shares of BGC Partners by 105.9% in the 4th quarter. Virtu Financial LLC now owns 54,002 shares of the financial services provider’s stock valued at $816,000 after purchasing an additional 27,781 shares during the last quarter. 43.72% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This report was originally posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://theolympiareport.com/2018/02/10/bgc-partners-bgcp-posts-quarterly-earnings-results-beats-estimates-by-0-07-eps.html.

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.

Earnings History for BGC Partners (NASDAQ:BGCP)

Receive News & Ratings for BGC Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BGC Partners and related companies with MarketBeat.com's FREE daily email newsletter.