Laurion Capital Management LP acquired a new position in shares of BGC Partners, Inc. (NASDAQ:BGCP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 145,501 shares of the financial services provider’s stock, valued at approximately $1,839,000. Laurion Capital Management LP owned about 0.05% of BGC Partners as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. IMS Capital Management lifted its holdings in shares of BGC Partners by 0.4% during the 2nd quarter. IMS Capital Management now owns 12,720 shares of the financial services provider’s stock worth $161,000 after acquiring an additional 49 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of BGC Partners by 2.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 16,668 shares of the financial services provider’s stock worth $211,000 after acquiring an additional 375 shares during the last quarter. Schnieders Capital Management LLC lifted its holdings in shares of BGC Partners by 2.5% during the 2nd quarter. Schnieders Capital Management LLC now owns 20,600 shares of the financial services provider’s stock worth $260,000 after acquiring an additional 500 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of BGC Partners by 1.2% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 152,838 shares of the financial services provider’s stock worth $1,736,000 after acquiring an additional 1,762 shares during the last quarter. Finally, Paragon Capital Management Ltd lifted its holdings in shares of BGC Partners by 13.2% during the 2nd quarter. Paragon Capital Management Ltd now owns 17,049 shares of the financial services provider’s stock worth $215,000 after acquiring an additional 1,987 shares during the last quarter. 42.25% of the stock is owned by institutional investors.

BGCP has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of BGC Partners from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 30th. BidaskClub downgraded shares of BGC Partners from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Finally, ValuEngine raised shares of BGC Partners from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st.

BGC Partners, Inc. (BGCP) opened at 13.57 on Thursday. The stock has a market cap of $3.89 billion, a PE ratio of 34.18 and a beta of 1.31. The company has a 50-day moving average of $12.87 and a 200-day moving average of $12.07. BGC Partners, Inc. has a 12 month low of $8.36 and a 12 month high of $13.63.

BGC Partners (NASDAQ:BGCP) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $0.24 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.24. BGC Partners had a net margin of 4.23% and a return on equity of 35.60%. The firm had revenue of $737.80 million during the quarter, compared to analyst estimates of $716.00 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. BGC Partners’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities analysts forecast that BGC Partners, Inc. will post $0.99 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 28th. Investors of record on Monday, August 14th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.31%. BGC Partners’s dividend payout ratio is 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.

Institutional Ownership by Quarter for BGC Partners (NASDAQ:BGCP)

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