BGC Partners, Inc. (BGCP) Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its position in shares of BGC Partners, Inc. (NASDAQ:BGCP) by 11.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 392,732 shares of the financial services provider’s stock after selling 49,792 shares during the period. Deutsche Bank AG owned approximately 0.14% of BGC Partners worth $5,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Planning raised its holdings in BGC Partners by 16.9% during the 4th quarter. Creative Planning now owns 30,309 shares of the financial services provider’s stock valued at $458,000 after buying an additional 4,386 shares during the period. Bank of Montreal Can raised its holdings in BGC Partners by 7.5% during the 4th quarter. Bank of Montreal Can now owns 63,008 shares of the financial services provider’s stock valued at $952,000 after buying an additional 4,388 shares during the period. Assetmark Inc. raised its holdings in BGC Partners by 270.2% during the 4th quarter. Assetmark Inc. now owns 6,912 shares of the financial services provider’s stock valued at $104,000 after buying an additional 5,045 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in BGC Partners by 4.6% during 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 during the period. Finally, Sei Investments Co. raised its holdings in BGC Partners by 78.9% during the 3rd quarter. Sei Investments Co. now owns 14,871 shares of the financial services provider’s stock valued at $215,000 after buying an additional 6,559 shares during the period. 44.33% of the stock is currently owned by institutional investors and hedge funds.

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Several analysts recently weighed in on BGCP shares. BGC Financial upgraded BGC Partners from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th. BidaskClub lowered BGC Partners from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. TheStreet lowered BGC Partners from a “b” rating to a “c+” rating in a report on Monday, February 12th. ValuEngine lowered BGC Partners from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Zacks Investment Research lowered BGC Partners from a “buy” rating to a “hold” rating in a report on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. BGC Partners has a consensus rating of “Hold” and a consensus target price of $18.00.

Shares of BGC Partners stock opened at $13.63 on Wednesday. The firm has a market capitalization of $4,100.57, a price-to-earnings ratio of 12.06 and a beta of 1.13. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.18 and a current ratio of 1.20. BGC Partners, Inc. has a 52 week low of $10.60 and a 52 week high of $16.97.

BGC Partners (NASDAQ:BGCP) last announced its quarterly earnings data on Friday, February 9th. The financial services provider reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.07. The company had revenue of $894.23 million for the quarter, compared to the consensus estimate of $853.00 million. BGC Partners had a return on equity of 47.22% and a net margin of 0.05%. During the same quarter in the prior year, the company posted $0.25 EPS. equities analysts expect that BGC Partners, Inc. will post 1.37 EPS for the current fiscal year.

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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.

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

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