BGC Partners, Inc. (BGCP) Shares Bought by Sei Investments Co.

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Sei Investments Co. lifted its stake in shares of BGC Partners, Inc. (NASDAQ:BGCP) by 39.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,078 shares of the financial services provider’s stock after purchasing an additional 10,170 shares during the period. Sei Investments Co.’s holdings in BGC Partners were worth $485,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of BGCP. Rhumbline Advisers grew its stake in BGC Partners by 2.0% in the 1st quarter. Rhumbline Advisers now owns 219,809 shares of the financial services provider’s stock valued at $2,956,000 after buying an additional 4,226 shares in the last quarter. M&T Bank Corp grew its stake in BGC Partners by 35.3% in the 1st quarter. M&T Bank Corp now owns 17,253 shares of the financial services provider’s stock valued at $232,000 after buying an additional 4,501 shares in the last quarter. Assetmark Inc. grew its stake in BGC Partners by 270.2% in 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 in the last quarter. California State Teachers Retirement System grew its stake in BGC Partners by 1.5% in the 4th quarter. California State Teachers Retirement System now owns 385,023 shares of the financial services provider’s stock valued at $5,818,000 after buying an additional 5,512 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its stake in BGC Partners by 3.7% in the 4th quarter. UBS Asset Management Americas Inc. now owns 196,384 shares of the financial services provider’s stock valued at $2,967,000 after buying an additional 7,082 shares in the last quarter. Institutional investors own 49.40% of the company’s stock.

BGC Partners stock opened at $11.41 on Tuesday. BGC Partners, Inc. has a 1-year low of $10.65 and a 1-year high of $16.97. The company has a market capitalization of $3.60 billion, a P/E ratio of 9.43 and a beta of 1.08. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.99.

BGC Partners (NASDAQ:BGCP) last released its quarterly earnings data on Thursday, May 3rd. The financial services provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. BGC Partners had a net margin of 1.24% and a return on equity of 48.64%. The business had revenue of $956.65 million during the quarter, compared to analyst estimates of $924.00 million. sell-side analysts forecast that BGC Partners, Inc. will post 1.38 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 5th. Shareholders of record on Monday, May 21st were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 6.31%. The ex-dividend date was Friday, May 18th. BGC Partners’s payout ratio is 60.00%.

A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of BGC Partners from a “sell” rating to a “hold” rating in a research note on Monday, June 25th. BidaskClub lowered shares of BGC Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, March 27th. TheStreet upgraded shares of BGC Partners from a “c+” rating to a “b” rating in a research note on Thursday, May 3rd. Finally, ValuEngine lowered shares of BGC Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, May 29th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. BGC Partners currently has an average rating of “Hold” and an average price target of $18.00.

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

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