BGC Partners, Inc. (NASDAQ:BGCP) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Analysts have set a 12 month consensus price objective of $18.00 for the company and are forecasting that the company will post $0.30 earnings per share for the current quarter, according to Zacks. Zacks has also given BGC Partners an industry rank of 84 out of 265 based on the ratings given to its competitors.

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A number of equities analysts have recently weighed in on BGCP shares. ValuEngine lowered shares of BGC Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. BidaskClub lowered shares of BGC Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 15th. BGC Financial raised shares of BGC Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. Finally, TheStreet lowered shares of BGC Partners from a “b” rating to a “c+” rating in a research report on Monday, February 12th.

A number of institutional investors have recently added to or reduced their stakes in the stock. Creative Planning grew its holdings in BGC Partners by 16.9% in the fourth quarter. Creative Planning now owns 30,309 shares of the financial services provider’s stock valued at $458,000 after purchasing an additional 4,386 shares during the period. Bank of Montreal Can grew its holdings in BGC Partners by 7.5% in the fourth quarter. Bank of Montreal Can now owns 63,008 shares of the financial services provider’s stock valued at $952,000 after purchasing an additional 4,388 shares during the period. Assetmark Inc. grew its holdings in BGC Partners by 270.2% in the fourth quarter. Assetmark Inc. now owns 6,912 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 5,045 shares during the period. California State Teachers Retirement System grew its holdings in BGC Partners by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 385,023 shares of the financial services provider’s stock valued at $5,818,000 after purchasing an additional 5,512 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in BGC Partners by 4.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 141,764 shares of the financial services provider’s stock valued at $2,052,000 after purchasing an additional 6,236 shares during the period. Hedge funds and other institutional investors own 44.35% of the company’s stock.

BGC Partners stock opened at $13.83 on Monday. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 1.45. The stock has a market cap of $4,275.13, a PE ratio of 12.58 and a beta of 1.10. BGC Partners has a 52-week low of $10.39 and a 52-week high of $16.97.

BGC Partners (NASDAQ:BGCP) last announced its earnings results on Friday, February 9th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.07. The company had revenue of $894.23 million during the quarter, compared to analysts’ expectations of $853.00 million. BGC Partners had a net margin of 0.05% and a return on equity of 47.22%. During the same quarter in the previous year, the business posted $0.25 earnings per share. equities analysts expect that BGC Partners will post 1.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 27th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date was Monday, February 26th.

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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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