Linda A. Bell Sells 13,650 Shares of BGC Partners, Inc. (BGCP) Stock
BGC Partners, Inc. (NASDAQ:BGCP) Director Linda A. Bell sold 13,650 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $14.70, for a total transaction of $200,655.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
BGC Partners, Inc. (BGCP) traded up 3.24% on Tuesday, reaching $15.29. The company had a trading volume of 3,555,063 shares. The stock has a 50 day moving average of $13.25 and a 200 day moving average of $12.26. The firm has a market capitalization of $4.32 billion, a PE ratio of 42.01 and a beta of 1.31. BGC Partners, Inc. has a 12 month low of $8.36 and a 12 month high of $15.30.
BGC Partners (NASDAQ:BGCP) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. The business had revenue of $737.80 million during the quarter, compared to analyst estimates of $716.00 million. BGC Partners had a net margin of 4.23% and a return on equity of 35.60%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 earnings per share. On average, analysts anticipate that BGC Partners, Inc. will post $0.99 EPS for the current year.
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BGCP has been the subject of several recent analyst reports. ValuEngine raised shares of BGC Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded BGC Partners from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, BidaskClub upgraded shares of BGC Partners from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th.
Hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its position in shares of BGC Partners by 66,726.9% in the 1st quarter. BlackRock Inc. now owns 14,384,491 shares of the financial services provider’s stock worth $163,409,000 after purchasing an additional 14,362,966 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of BGC Partners by 247.8% in the 2nd quarter. Principal Financial Group Inc. now owns 7,921,620 shares of the financial services provider’s stock valued at $100,129,000 after purchasing an additional 5,643,875 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of BGC Partners by 2,838.5% in the 2nd quarter. Prudential Financial Inc. now owns 1,743,966 shares of the financial services provider’s stock valued at $22,043,000 after purchasing an additional 1,684,617 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of BGC Partners by 7.1% in the 1st quarter. Vanguard Group Inc. now owns 18,310,093 shares of the financial services provider’s stock valued at $208,003,000 after purchasing an additional 1,214,964 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of BGC Partners by 136.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,560,790 shares of the financial services provider’s stock valued at $19,728,000 after purchasing an additional 901,592 shares in the last quarter. 42.25% of the stock is owned by institutional investors.
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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