ValuEngine upgraded shares of BGC Partners (NASDAQ:BGCP) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday.

Other equities research analysts have also recently issued research reports about the company. BidaskClub raised BGC Partners from a sell rating to a hold rating in a research note on Tuesday, August 14th. Zacks Investment Research raised BGC Partners from a hold rating to a buy rating and set a $13.00 target price for the company in a research note on Tuesday, July 3rd. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $13.00.

NASDAQ BGCP opened at $12.16 on Tuesday. BGC Partners has a one year low of $10.39 and a one year high of $16.97. The company has a market cap of $3.99 billion, a P/E ratio of 9.70 and a beta of 1.02. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.77.

BGC Partners (NASDAQ:BGCP) last released its earnings results on Thursday, August 2nd. The financial services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. BGC Partners had a return on equity of 46.19% and a net margin of 1.53%. The business had revenue of $960.08 million during the quarter, compared to analysts’ expectations of $938.00 million. During the same quarter last year, the firm posted $0.24 earnings per share. research analysts predict that BGC Partners will post 1.38 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 5th. Shareholders of record on Monday, August 20th were paid a $0.18 dividend. The ex-dividend date was Friday, August 17th. This represents a $0.72 dividend on an annualized basis and a yield of 5.92%. BGC Partners’s dividend payout ratio (DPR) is presently 60.00%.

In other news, Director William J. Moran acquired 10,000 shares of BGC Partners stock in a transaction on Thursday, August 2nd. The stock was purchased at an average price of $11.09 per share, with a total value of $110,900.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 32.80% of the company’s stock.

A number of institutional investors have recently made changes to their positions in BGCP. Keybank National Association OH acquired a new stake in BGC Partners in the second quarter valued at approximately $113,000. Comerica Bank acquired a new stake in BGC Partners in the second quarter valued at approximately $115,000. CIBC Asset Management Inc acquired a new stake in BGC Partners in the second quarter valued at approximately $127,000. Signition LP acquired a new stake in BGC Partners in the first quarter valued at approximately $135,000. Finally, Ancora Advisors LLC acquired a new stake in BGC Partners in the first quarter valued at approximately $148,000. 51.57% of the stock is owned by hedge funds and other institutional investors.

About BGC Partners

BGC Partners, Inc operates as a brokerage company servicing the financial and real estate markets worldwide. It operates in two segments, Financial Services and Real Estate Services. The Financial Services segment provides brokerage services for fixed income, interest rate derivatives, spot foreign exchange, foreign exchange derivatives, government bonds, corporate bonds, credit derivatives, insurance and money market products, energy, metals, equity derivatives, and structured market data products and services.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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