First Trust Advisors LP Has $15.72 Million Holdings in BGC Partners, Inc. (BGCP)
First Trust Advisors LP raised its position in BGC Partners, Inc. (NASDAQ:BGCP) by 352.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,086,626 shares of the financial services provider’s stock after purchasing an additional 846,623 shares during the period. First Trust Advisors LP owned 0.38% of BGC Partners worth $15,723,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in BGCP. Advisor Group Inc. boosted its holdings in BGC Partners by 7.6% in the 2nd quarter. Advisor Group Inc. now owns 11,974 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 850 shares during the period. Sei Investments Co. boosted its holdings 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 purchasing an additional 2,689 shares during the period. Ffcm LLC boosted its holdings in BGC Partners by 169.5% in the 2nd quarter. Ffcm LLC now owns 8,901 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 5,598 shares during the period. PNC Financial Services Group Inc. boosted its holdings in BGC Partners by 13.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,508 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 1,100 shares during the period. Finally, Bronfman E.L. Rothschild L.P. bought a new position in BGC Partners in the 2nd quarter valued at $124,000. 42.72% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have commented on BGCP. ValuEngine downgraded shares of BGC Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research raised shares of BGC Partners from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, BidaskClub raised shares of BGC Partners from a “hold” rating to a “buy” rating in a report on Thursday, August 17th.
In other news, Director Linda A. Bell sold 13,650 shares of BGC Partners stock in a transaction 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 37.40% of the company’s stock.
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Shares of BGC Partners, Inc. (BGCP) opened at $15.44 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 1.13 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $4,341.32, a PE ratio of 15.01 and a beta of 1.29.
BGC Partners (NASDAQ:BGCP) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. BGC Partners had a net margin of 4.67% and a return on equity of 39.65%. The company had revenue of $827.03 million during the quarter.
The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend is Monday, November 13th. BGC Partners’s dividend payout ratio is currently 153.19%.
BGC Partners 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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