Eagle Asset Management Inc. Has $18,901,000 Stake in BGC Partners Inc. (BGCP)
Eagle Asset Management Inc. decreased its stake in shares of BGC Partners Inc. (NASDAQ:BGCP) by 1.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,160,213 shares of the company’s stock after selling 28,407 shares during the period. Eagle Asset Management Inc.’s holdings in BGC Partners were worth $18,901,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in BGCP. A.R.T. Advisors LLC purchased a new stake in BGC Partners during the second quarter valued at $108,000. Fox Run Management L.L.C. purchased a new stake in BGC Partners during the second quarter valued at $123,000. Nuveen Asset Management LLC boosted its stake in BGC Partners by 16.1% in the second quarter. Nuveen Asset Management LLC now owns 14,411 shares of the company’s stock valued at $126,000 after buying an additional 1,998 shares during the period. Cubist Systematic Strategies LLC boosted its stake in BGC Partners by 72.8% in the second quarter. Cubist Systematic Strategies LLC now owns 14,806 shares of the company’s stock valued at $129,000 after buying an additional 6,237 shares during the period. Finally, BLB&B Advisors LLC boosted its stake in BGC Partners by 46.3% in the second quarter. BLB&B Advisors LLC now owns 14,910 shares of the company’s stock valued at $130,000 after buying an additional 4,720 shares during the period. 39.22% of the stock is owned by institutional investors.
Shares of BGC Partners Inc. (NASDAQ:BGCP) traded up 0.10% during trading on Tuesday, hitting $9.75. 262,413 shares of the stock traded hands. The firm has a market cap of $2.72 billion, a PE ratio of 17.41 and a beta of 1.35. BGC Partners Inc. has a 52-week low of $8.18 and a 52-week high of $10.09. The company’s 50 day moving average is $9.10 and its 200 day moving average is $8.94.
BGC Partners (NASDAQ:BGCP) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.21 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. BGC Partners had a net margin of 5.95% and a return on equity of 24.66%. The firm earned $643.50 million during the quarter, compared to analysts’ expectations of $674.05 million. During the same quarter last year, the business earned $0.19 earnings per share. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, equities research analysts predict that BGC Partners Inc. will post $0.81 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Wednesday, November 23rd will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 6.47%. The ex-dividend date is Monday, November 21st. BGC Partners’s dividend payout ratio (DPR) is 114.29%.
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Separately, Zacks Investment Research cut shares of BGC Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th.
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. The Company provides a range of services, including trade execution, broker-dealer services, clearing, processing, information, and other back-office services to a range of financial and non-financial institutions.
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