Koch Industries Inc. boosted its position in BGC Partners, Inc. (NASDAQ:BGCP) by 1,784.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 320,744 shares of the financial services provider’s stock after buying an additional 303,723 shares during the quarter. Koch Industries Inc. owned approximately 0.11% of BGC Partners worth $297,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of BGCP. Advisor Group Inc. grew its stake in 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 buying an additional 850 shares during the last quarter. Sei Investments Co. grew its stake in BGC Partners by 47.8% in the 2nd quarter. Sei Investments Co. now owns 8,312 shares of the financial services provider’s stock valued at $105,000 after buying an additional 2,689 shares during the last quarter. Ffcm LLC grew its stake in BGC Partners by 169.5% in the 2nd quarter. Ffcm LLC now owns 8,901 shares of the financial services provider’s stock valued at $113,000 after buying an additional 5,598 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in 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 buying an additional 1,100 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. acquired a new position in BGC Partners in the 2nd quarter valued at $124,000. Institutional investors and hedge funds own 42.26% of the company’s stock.
BGCP has been the topic of a number of research analyst reports. ValuEngine lowered shares of BGC Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub upgraded shares of BGC Partners from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Finally, Zacks Investment Research lowered shares of BGC Partners from a “buy” rating to a “hold” rating in a research note on Friday, July 28th.
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Shares of BGC Partners, Inc. (BGCP) opened at 15.86 on Thursday. The firm has a 50-day moving average of $14.26 and a 200 day moving average of $12.65. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 43.57 and a beta of 1.31. BGC Partners, Inc. has a 52-week low of $8.36 and a 52-week high of $16.51.
BGC Partners (NASDAQ:BGCP) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.24 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.24. BGC Partners had a net margin of 4.23% and a return on equity of 35.60%. The firm had revenue of $737.80 million for the quarter, compared to the consensus estimate of $716.00 million. During the same period in the previous year, the company earned $0.21 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. Analysts predict that BGC Partners, Inc. will post $1.06 EPS for the current year.
In other BGC Partners news, Director Linda A. Bell sold 13,650 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $14.70, for a total value of $200,655.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 37.40% of the stock is owned by insiders.
BGC Partners 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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