Zacks Investment Research lowered shares of BGC Partners (NASDAQ:BGCP) from a buy rating to a hold rating in a research report released on Monday.

According to Zacks, “BGC PARTNERS, INC. is a leading global full-service inter-dealer broker, specializing in the trading of financial instruments and related derivatives products. BGC Partners provides integrated voice, hybrid, and fully electronic execution and other brokerage services to some of the world’s largest and most credit worthy banks, broker-dealers, investment banks and investment firms for a broad range of global financial products, including fixed income securities, foreign exchange, equity derivatives, credit derivatives, futures, structured products and other instruments. Through its eSpeed and BGCantor Market Data brands, BGC also offers financial technology solutions and market data and analytics related to selected financial instruments and markets. Named after fixed income trading innovator B. Gerald Cantor, BGC Partners has offices in New York and London, as well as in Beijing, Chicago, Copenhagen, Hong Kong, Istanbul, Mexico City, Nyon, Paris, Seoul, Singapore, Sydney, Tokyo and Toronto. “

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BGCP has been the subject of a number of other reports. BidaskClub raised shares of BGC Partners from a strong sell rating to a sell rating in a report on Saturday, March 3rd. ValuEngine downgraded shares of BGC Partners from a buy rating to a hold rating in a report on Monday, April 2nd. BGC Financial raised shares of BGC Partners from a hold rating to a buy rating in a report on Tuesday, February 13th. Finally, TheStreet downgraded shares of BGC Partners from a b rating to a c+ rating in a report on Monday, February 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. BGC Partners has a consensus rating of Hold and a consensus price target of $18.00.

NASDAQ:BGCP opened at $13.39 on Monday. The stock has a market cap of $4,082.19, a PE ratio of 12.01 and a beta of 1.12. BGC Partners has a 52 week low of $10.60 and a 52 week high of $16.97. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 1.45.

BGC Partners (NASDAQ:BGCP) last released its quarterly earnings data on Friday, February 9th. The financial services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.07. The company had revenue of $894.23 million during the quarter, compared to the consensus estimate of $853.00 million. BGC Partners had a net margin of 0.05% and a return on equity of 47.22%. During the same period last year, the firm earned $0.25 EPS. equities research analysts expect that BGC Partners will post 1.37 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB bought a new position in BGC Partners during the 4th quarter valued at about $299,000. Altman Advisors Inc. bought a new position in BGC Partners during the 4th quarter valued at about $1,856,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its holdings in BGC Partners by 9.1% during the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 443,433 shares of the financial services provider’s stock valued at $6,700,000 after purchasing an additional 37,109 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in BGC Partners by 662.1% during the 4th quarter. Macquarie Group Ltd. now owns 132,600 shares of the financial services provider’s stock valued at $2,003,000 after purchasing an additional 115,200 shares during the last quarter. Finally, Vident Investment Advisory LLC bought a new position in BGC Partners during the 4th quarter valued at about $173,000. 44.33% of the stock is owned by hedge funds and other 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.

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