Keybank National Association OH continued to hold its stake in BGC Partners, Inc. (NASDAQ:BGCP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,500 shares of the financial services provider’s stock at the end of the 2nd quarter. Keybank National Association OH’s holdings in BGC Partners were worth $158,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Sei Investments Co. increased its position in BGC Partners by 47.8% in the 2nd quarter. Sei Investments Co. now owns 8,312 shares of the financial services provider’s stock valued at $105,000 after buying an additional 2,689 shares in the last quarter. Comerica Bank bought a new stake in BGC Partners in the 2nd quarter valued at about $135,000. Meeder Asset Management Inc. increased its position in BGC Partners by 31,085.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 12,474 shares of the financial services provider’s stock valued at $158,000 after buying an additional 12,434 shares in the last quarter. IMS Capital Management increased its position in BGC Partners by 0.4% in the 2nd quarter. IMS Capital Management now owns 12,720 shares of the financial services provider’s stock valued at $161,000 after buying an additional 49 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in BGC Partners in the 1st quarter valued at about $164,000. 43.76% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently commented on the company. ValuEngine raised BGC Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub raised BGC Partners from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Finally, Zacks Investment Research lowered BGC Partners from a “buy” rating to a “hold” rating in a research report on Friday, July 28th.
Shares of BGC Partners, Inc. (NASDAQ BGCP) opened at 13.14 on Friday. BGC Partners, Inc. has a one year low of $8.36 and a one year high of $13.44. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 33.10 and a beta of 1.31. The firm’s 50-day moving average price is $12.83 and its 200-day moving average price is $12.04.
BGC Partners (NASDAQ:BGCP) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.24 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. BGC Partners had a net margin of 4.23% and a return on equity of 35.60%. The business had revenue of $737.80 million during the quarter, compared to analyst estimates of $716.00 million. During the same period last year, the business posted $0.21 earnings per share. BGC Partners’s quarterly revenue was up 12.8% compared to the same quarter last year. Analysts anticipate that BGC Partners, Inc. will post $0.99 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 28th. Shareholders of record on Monday, August 14th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $0.72 annualized dividend and a yield of 5.48%. BGC Partners’s dividend payout ratio (DPR) is presently 180.00%.
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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.
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