APG Asset Management N.V. acquired a new stake in shares of BGC Partners, Inc. (NASDAQ:BGCP) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 256,800 shares of the financial services provider’s stock, valued at approximately $3,716,000. APG Asset Management N.V. owned 0.09% of BGC Partners at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its position in BGC Partners by 772.1% in the third quarter. Meeder Asset Management Inc. now owns 108,786 shares of the financial services provider’s stock valued at $1,574,000 after acquiring an additional 96,312 shares during the period. Quantitative Systematic Strategies LLC bought a new stake in BGC Partners in the third quarter valued at $159,000. Shell Asset Management Co. grew its position in BGC Partners by 222.4% in the third quarter. Shell Asset Management Co. now owns 316,616 shares of the financial services provider’s stock valued at $2,352,000 after acquiring an additional 218,397 shares during the period. Eqis Capital Management Inc. bought a new stake in BGC Partners in the third quarter valued at $220,000. Finally, USA Financial Portformulas Corp bought a new stake in BGC Partners in the second quarter valued at $618,000. Institutional investors and hedge funds own 42.72% of the company’s stock.
Shares of BGC Partners, Inc. (NASDAQ BGCP) opened at $15.16 on Monday. The stock has a market cap of $4,341.32, a price-to-earnings ratio of 15.01 and a beta of 1.29. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.15 and a quick ratio of 1.13.
BGC Partners (NASDAQ:BGCP) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. BGC Partners had a return on equity of 39.65% and a net margin of 4.67%. The firm had revenue of $827.03 million for the quarter.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Tuesday, November 14th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Monday, November 13th. BGC Partners’s payout ratio is presently 153.19%.
In other news, Director Linda A. Bell sold 13,650 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $14.70, for a total transaction of $200,655.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 37.40% of the stock is currently owned by corporate insiders.
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BGCP has been the topic of a number of analyst reports. Zacks Investment Research cut BGC Partners from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. ValuEngine cut BGC Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, BidaskClub upgraded BGC Partners from a “hold” rating to a “buy” rating in a research report 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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