Zurcher Kantonalbank Zurich Cantonalbank Has $847,000 Stake in BGC Partners, Inc. (BGCP)

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in BGC Partners, Inc. (NASDAQ:BGCP) by 20.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 56,088 shares of the financial services provider’s stock after selling 14,119 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in BGC Partners were worth $847,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Advisor Group Inc. lifted its stake in shares of BGC Partners by 7.6% in the 2nd quarter. Advisor Group Inc. now owns 11,974 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 850 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of BGC Partners by 13.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,508 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 1,100 shares during the period. Creative Planning lifted its stake in shares of BGC Partners by 16.9% in the 4th quarter. Creative Planning now owns 30,309 shares of the financial services provider’s stock valued at $458,000 after purchasing an additional 4,386 shares during the period. Bank of Montreal Can lifted its stake in shares of BGC Partners by 7.5% in the 4th quarter. Bank of Montreal Can now owns 63,008 shares of the financial services provider’s stock valued at $952,000 after purchasing an additional 4,388 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of BGC Partners by 4.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 141,764 shares of the financial services provider’s stock valued at $2,052,000 after buying an additional 6,236 shares in the last quarter. 43.41% of the stock is currently owned by institutional investors.

Shares of BGC Partners, Inc. (NASDAQ BGCP) opened at $13.53 on Thursday. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.32 and a quick ratio of 1.31. BGC Partners, Inc. has a 1 year low of $10.39 and a 1 year high of $16.97. The company has a market cap of $3,910.00, a price-to-earnings ratio of 79.59 and a beta of 1.06.

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, beating the Zacks’ consensus estimate of $0.28 by $0.07. BGC Partners had a net margin of 0.05% and a return on equity of 48.27%. The business had revenue of $894.23 million during the quarter, compared to analysts’ expectations of $853.00 million. During the same quarter in the prior year, the company earned $0.25 EPS. research analysts expect that BGC Partners, Inc. will post 1.35 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 27th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date is Monday, February 26th. BGC Partners’s dividend payout ratio is currently 423.53%.

A number of analysts recently commented on BGCP shares. BGC Financial upgraded shares of BGC Partners from a “hold” rating to a “buy” rating in a research report on Tuesday. BidaskClub cut shares of BGC Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 15th. TheStreet cut shares of BGC Partners from a “b” rating to a “c+” rating in a research report on Monday. Finally, ValuEngine cut shares of BGC Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $18.00.

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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.

Institutional Ownership by Quarter for BGC Partners (NASDAQ:BGCP)

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