Russell Investments Group Ltd. reduced its position in shares of BGC Partners, Inc. (NASDAQ:BGCP) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,094,376 shares of the financial services provider’s stock after selling 12,817 shares during the period. Russell Investments Group Ltd. owned approximately 0.38% of BGC Partners worth $13,834,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Jane Street Group LLC purchased a new stake in BGC Partners during the first quarter worth approximately $164,000. Wells Fargo & Company MN raised its stake in BGC Partners by 17.4% in the first quarter. Wells Fargo & Company MN now owns 567,501 shares of the financial services provider’s stock worth $6,446,000 after buying an additional 84,031 shares in the last quarter. American International Group Inc. raised its stake in BGC Partners by 5.4% in the first quarter. American International Group Inc. now owns 131,940 shares of the financial services provider’s stock worth $1,499,000 after buying an additional 6,710 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in BGC Partners during the first quarter worth approximately $220,000. Finally, TFS Capital LLC raised its stake in BGC Partners by 142.9% in the first quarter. TFS Capital LLC now owns 31,119 shares of the financial services provider’s stock worth $354,000 after buying an additional 18,305 shares in the last quarter. 45.88% of the stock is currently owned by institutional investors.
BGC Partners, Inc. (BGCP) traded down 0.24% during midday trading on Friday, hitting $12.43. 858,070 shares of the stock were exchanged. BGC Partners, Inc. has a 1-year low of $8.36 and a 1-year high of $13.44. The stock has a market cap of $3.56 billion, a PE ratio of 31.31 and a beta of 1.29. The company’s 50 day moving average is $12.71 and its 200-day moving average is $11.76.
BGC Partners (NASDAQ:BGCP) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $737.80 million during the quarter, compared to analyst estimates of $716 million. BGC Partners had a return on equity of 35.60% and a net margin of 4.23%. BGC Partners’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS. On average, analysts expect that BGC Partners, Inc. will post $0.99 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 14th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 5.78%. The ex-dividend date of this dividend is Thursday, August 10th. BGC Partners’s dividend payout ratio is presently 180.00%.
BGCP has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of BGC Partners from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 30th. BidaskClub raised shares of BGC Partners from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th.
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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