BGC Partners, Inc. (BGCP) Shares Bought by Aperio Group LLC
Aperio Group LLC increased its stake in BGC Partners, Inc. (NASDAQ:BGCP) by 53.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 86,081 shares of the financial services provider’s stock after buying an additional 29,809 shares during the period. Aperio Group LLC’s holdings in BGC Partners were worth $1,088,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of BGCP. Visionary Asset Management Inc. bought a new stake in BGC Partners during the second quarter valued at approximately $338,000. James Investment Research Inc. bought a new stake in BGC Partners during the second quarter valued at approximately $1,418,000. Meeder Asset Management Inc. boosted its stake in BGC Partners by 31,085.0% in the second 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. Creative Planning boosted its stake in BGC Partners by 66.6% in the second quarter. Creative Planning now owns 25,923 shares of the financial services provider’s stock valued at $328,000 after buying an additional 10,363 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in BGC Partners by 572.4% in the second quarter. Bank of Montreal Can now owns 375,144 shares of the financial services provider’s stock valued at $4,741,000 after buying an additional 319,355 shares in the last quarter. 48.41% of the stock is owned by hedge funds and other institutional investors.
Shares of BGC Partners, Inc. (NASDAQ BGCP) traded up 1.18% on Wednesday, hitting $12.90. 244,854 shares of the company traded hands. BGC Partners, Inc. has a 1-year low of $8.36 and a 1-year high of $13.44. The firm has a market capitalization of $3.69 billion, a P/E ratio of 32.49 and a beta of 1.29. The firm’s 50-day moving average is $12.76 and its 200 day moving average is $11.80.
BGC Partners (NASDAQ:BGCP) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.24. The firm had revenue of $737.80 million during the quarter, compared to analyst estimates of $716 million. BGC Partners had a net margin of 4.23% and a return on equity of 35.60%. The business’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 earnings per share. On average, analysts anticipate that BGC Partners, Inc. will post $0.99 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 14th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date of this dividend is Thursday, August 10th. BGC Partners’s dividend payout ratio is currently 180.00%.
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Several research firms have recently commented on BGCP. Zacks Investment Research cut shares of BGC Partners from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub lowered shares of BGC Partners from a “buy” rating to a “hold” rating in a research note on Friday, July 28th.
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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