Williams Jones & Associates LLC grew its holdings in shares of BGC Partners, Inc. (NASDAQ:BGCP) by 14.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 125,250 shares of the financial services provider’s stock after buying an additional 16,250 shares during the quarter. Williams Jones & Associates LLC’s holdings in BGC Partners were worth $1,583,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. AHL Partners LLP grew its stake in BGC Partners by 5.3% during the second quarter. AHL Partners LLP now owns 312,912 shares of the financial services provider’s stock worth $3,955,000 after buying an additional 15,833 shares during the period. Goldman Sachs Group Inc. increased its position in shares of BGC Partners by 136.8% in the second quarter. Goldman Sachs Group Inc. now owns 1,560,790 shares of the financial services provider’s stock worth $19,728,000 after acquiring an additional 901,592 shares in the last quarter. First Allied Advisory Services Inc. increased its position in shares of BGC Partners by 17.4% in the second quarter. First Allied Advisory Services Inc. now owns 23,769 shares of the financial services provider’s stock worth $300,000 after acquiring an additional 3,523 shares in the last quarter. PDT Partners LLC increased its position in shares of BGC Partners by 562.9% in the second quarter. PDT Partners LLC now owns 401,025 shares of the financial services provider’s stock worth $5,069,000 after acquiring an additional 340,525 shares in the last quarter. Finally, Balyasny Asset Management LLC raised its stake in shares of BGC Partners by 148.3% in the 2nd quarter. Balyasny Asset Management LLC now owns 26,600 shares of the financial services provider’s stock valued at $336,000 after acquiring an additional 15,887 shares during the period. Institutional investors own 42.25% of the company’s stock.

A number of equities analysts have recently commented on the stock. BidaskClub downgraded shares of BGC Partners from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Zacks Investment Research raised shares of BGC Partners from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Friday, June 30th. Finally, ValuEngine cut shares of BGC Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday.

Shares of BGC Partners, Inc. (NASDAQ BGCP) traded up 0.491% on Wednesday, hitting $15.365. The company’s stock had a trading volume of 421,793 shares. BGC Partners, Inc. has a 52 week low of $8.36 and a 52 week high of $15.40. The stock’s 50 day moving average price is $13.25 and its 200 day moving average price is $12.26. The stock has a market capitalization of $4.34 billion, a P/E ratio of 42.212 and a beta of 1.31.

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

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In other BGC Partners news, Director Linda A. Bell sold 13,650 shares of the 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 SEC, which is available through this hyperlink. Corporate insiders own 37.40% of the company’s stock.

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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