BGC Partners (NASDAQ:BGCP) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

Several other brokerages also recently weighed in on BGCP. Zacks Investment Research raised shares of BGC Partners from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. ValuEngine downgraded shares of BGC Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd.

BGC Partners (BGCP) opened at $15.23 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.31 and a debt-to-equity ratio of 2.97. BGC Partners has a 1-year low of $9.91 and a 1-year high of $16.97. The firm has a market cap of $4,737.25, a P/E ratio of 16.24 and a beta of 1.27.

BGC Partners (NASDAQ:BGCP) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. BGC Partners had a net margin of 4.67% and a return on equity of 42.02%. The business had revenue of $827.03 million for the quarter.

In other news, Director Linda A. Bell sold 13,650 shares of BGC Partners stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $14.70, for a total transaction of $200,655.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 44.45% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. M&T Bank Corp raised its position in shares of BGC Partners by 1.3% during the second quarter. M&T Bank Corp now owns 20,250 shares of the financial services provider’s stock valued at $256,000 after buying an additional 250 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of BGC Partners by 2.3% during the second quarter. Teacher Retirement System of Texas now owns 16,668 shares of the financial services provider’s stock valued at $211,000 after buying an additional 375 shares during the last quarter. Advisor Group Inc. raised its position in shares of BGC Partners by 7.6% during the second quarter. Advisor Group Inc. now owns 11,974 shares of the financial services provider’s stock valued at $103,000 after buying an additional 850 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of BGC Partners by 13.1% during the second quarter. PNC Financial Services Group Inc. now owns 9,508 shares of the financial services provider’s stock valued at $120,000 after buying an additional 1,100 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of BGC Partners by 47.8% during the second 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 during the last quarter. Hedge funds and other institutional investors own 43.10% of the company’s stock.

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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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