Shares of BGC Partners, Inc. (NASDAQ:BGCP) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus price target of $17.00 for the company and are expecting that the company will post $0.44 earnings per share for the current quarter, according to Zacks. Zacks has also given BGC Partners an industry rank of 60 out of 255 based on the ratings given to related companies.
Several equities analysts recently weighed in on BGCP shares. Zacks Investment Research raised shares of BGC Partners from a “sell” rating to a “hold” rating in a research note on Monday, June 25th. ValuEngine raised shares of BGC Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 4th. Finally, BidaskClub cut shares of BGC Partners from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 10th.
A number of institutional investors and hedge funds have recently bought and sold shares of BGCP. Keybank National Association OH purchased a new position in BGC Partners during the second quarter valued at $113,000. Comerica Bank purchased a new position in BGC Partners during the second quarter valued at $115,000. CIBC Asset Management Inc purchased a new position in shares of BGC Partners in the 2nd quarter worth $127,000. Signition LP purchased a new position in shares of BGC Partners in the 1st quarter worth $135,000. Finally, Ancora Advisors LLC purchased a new position in shares of BGC Partners in the 1st quarter worth $148,000. 51.57% of the stock is owned by institutional investors.
Shares of NASDAQ BGCP opened at $11.93 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.16 and a quick ratio of 1.14. The firm has a market capitalization of $3.84 billion, a PE ratio of 9.94 and a beta of 1.02. 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 data on Thursday, August 2nd. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. The firm had revenue of $960.08 million during the quarter, compared to analysts’ expectations of $938.00 million. BGC Partners had a net margin of 1.53% and a return on equity of 46.19%. During the same period in the prior year, the company posted $0.24 earnings per share. research analysts predict that BGC Partners will post 1.38 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 5th. Investors of record on Monday, August 20th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, August 17th. This represents a $0.72 annualized dividend and a yield of 6.04%. BGC Partners’s payout ratio is 60.00%.
BGC Partners Company Profile
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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