BGC Partners (NASDAQ:BGCP) announced its earnings results on Friday. The financial services provider reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.07, Bloomberg Earnings reports. BGC Partners had a return on equity of 42.02% and a net margin of 4.67%. The firm had revenue of $894.23 million for the quarter, compared to analysts’ expectations of $853.00 million. During the same quarter in the previous year, the company earned $0.25 earnings per share.

BGC Partners (NASDAQ:BGCP) traded down $0.28 during midday trading on Friday, hitting $13.01. The company’s stock had a trading volume of 3,034,017 shares, compared to its average volume of 1,840,000. The company has a market capitalization of $3,680.00, a PE ratio of 20.65 and a beta of 1.06. BGC Partners has a 52 week low of $10.39 and a 52 week high of $16.97. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.32 and a quick ratio of 1.31.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 27th will be issued a $0.18 dividend. The ex-dividend date is Monday, February 26th. This represents a $0.72 annualized dividend and a dividend yield of 5.53%. BGC Partners’s dividend payout ratio is currently 114.29%.

BGCP has been the topic of several recent analyst reports. ValuEngine cut BGC Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. BidaskClub cut BGC Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, December 15th.

Several hedge funds and other institutional investors have recently bought and sold shares of BGCP. Principal Financial Group Inc. increased its holdings in shares of BGC Partners by 19.1% in the third quarter. Principal Financial Group Inc. now owns 9,436,839 shares of the financial services provider’s stock valued at $136,552,000 after buying an additional 1,515,219 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of BGC Partners by 284.6% in the third quarter. Wells Fargo & Company MN now owns 1,597,002 shares of the financial services provider’s stock valued at $23,108,000 after buying an additional 1,181,790 shares in the last quarter. Goldman Sachs Group Inc. increased 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 valued at $19,728,000 after buying an additional 901,592 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of BGC Partners by 352.8% in the third quarter. First Trust Advisors LP now owns 1,086,626 shares of the financial services provider’s stock valued at $15,723,000 after buying an additional 846,623 shares in the last quarter. Finally, First Quadrant L P CA increased its holdings in shares of BGC Partners by 247.0% in the fourth quarter. First Quadrant L P CA now owns 908,285 shares of the financial services provider’s stock valued at $13,724,000 after buying an additional 646,558 shares in the last quarter. 43.72% of the stock is currently owned by institutional investors.

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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.

Earnings History for BGC Partners (NASDAQ:BGCP)

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