BGC Partners (NASDAQ:BGCP) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Other equities research analysts also recently issued reports about the stock. 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.

BGC Partners (BGCP) opened at $14.99 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.31 and a debt-to-equity ratio of 2.97. The firm has a market cap of $4,330.00, a PE ratio of 23.79 and a beta of 1.27. BGC Partners has a 1 year low of $10.39 and a 1 year high of $16.97.

BGC Partners (NASDAQ:BGCP) last announced its quarterly earnings results 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 42.02%. The firm had revenue of $827.03 million for the quarter.

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of BGC Partners by 1.7% in the second quarter. Vanguard Group Inc. now owns 18,619,070 shares of the financial services provider’s stock worth $235,346,000 after buying an additional 308,977 shares in the last quarter. AHL Partners LLP lifted its holdings in shares of BGC Partners by 5.3% in 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 in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of BGC Partners by 23.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,247,227 shares of the financial services provider’s stock worth $15,765,000 after buying an additional 232,993 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of BGC Partners by 67.5% in the second quarter. Renaissance Technologies LLC now owns 2,232,548 shares of the financial services provider’s stock worth $28,219,000 after buying an additional 899,900 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings 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 buying an additional 901,592 shares in the last quarter. 43.04% of the stock is currently owned by hedge funds and other institutional investors.

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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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