Fmr LLC Has $9.90 Million Stake in BGC Partners, Inc. (BGCP)

FMR LLC increased its position in BGC Partners, Inc. (NASDAQ:BGCP) by 152.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 871,600 shares of the financial services provider’s stock after buying an additional 526,300 shares during the period. FMR LLC owned 0.31% of BGC Partners worth $9,901,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Creative Planning boosted its position in shares of BGC Partners by 2.8% in the first quarter. Creative Planning now owns 15,560 shares of the financial services provider’s stock valued at $177,000 after buying an additional 421 shares during the period. Icon Advisers Inc. Co. boosted its position in shares of 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 period. Regent Investment Management LLC boosted its position in shares of 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 period. Wealthsource Partners LLC boosted its position in shares of 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 period. Finally, Wellington Management Group LLP boosted its position in shares of 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 period. 48.41% of the stock is owned by hedge funds and other institutional investors.

BGC Partners, Inc. (NASDAQ BGCP) traded down 1.03% on Friday, reaching $12.51. 1,724,805 shares of the company’s stock were exchanged. BGC Partners, Inc. has a 1-year low of $8.36 and a 1-year high of $13.44. The company has a market capitalization of $3.58 billion, a P/E ratio of 31.51 and a beta of 1.29. The firm has a 50-day moving average price of $12.80 and a 200-day moving average price of $11.83.

BGC Partners (NASDAQ:BGCP) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.24 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.24. The company 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 35.60%. BGC Partners’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 EPS. Equities research analysts expect that BGC Partners, Inc. will post $0.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Monday, August 14th will be given 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 yield of 5.76%. BGC Partners’s payout ratio is currently 180.00%.

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Several brokerages recently issued reports on BGCP. BidaskClub raised shares of BGC Partners from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research raised shares of BGC Partners from a “hold” rating to a “buy” rating and set a $14.00 target price for the company 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.

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

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