BidaskClub upgraded shares of BGC Partners (NASDAQ:BGCP) from a buy rating to a strong-buy rating in a research note issued to investors on Thursday morning, BidAskClub reports.

Separately, Zacks Investment Research lowered shares of BGC Partners from a hold rating to a sell rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating and two have given a strong buy rating to the stock. BGC Partners presently has an average rating of Buy and a consensus price target of $11.00.

NASDAQ BGCP traded down $0.02 on Thursday, reaching $5.66. The company had a trading volume of 2,237,657 shares, compared to its average volume of 2,070,082. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 7.90 and a beta of 1.43. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.09 and a current ratio of 1.11. BGC Partners has a 1-year low of $4.46 and a 1-year high of $12.14. The company’s fifty day moving average is $5.18 and its 200-day moving average is $5.33.

BGC Partners (NASDAQ:BGCP) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The company had revenue of $551.20 million during the quarter, compared to analyst estimates of $546.65 million. BGC Partners had a return on equity of 38.17% and a net margin of 6.98%. BGC Partners’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. On average, research analysts forecast that BGC Partners will post 0.63 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were paid a dividend of $0.14 per share. The ex-dividend date was Tuesday, August 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 9.89%. BGC Partners’s dividend payout ratio is 77.78%.

Institutional investors have recently bought and sold shares of the company. Signition LP acquired a new position in shares of BGC Partners during the 2nd quarter worth about $71,000. Bristlecone Advisors LLC bought a new stake in shares of BGC Partners in the 2nd quarter valued at about $420,000. Boston Partners raised its holdings in shares of BGC Partners by 1.3% in the 1st quarter. Boston Partners now owns 283,685 shares of the financial services provider’s stock valued at $1,506,000 after purchasing an additional 3,674 shares during the period. Comerica Bank bought a new stake in shares of BGC Partners in the 2nd quarter valued at about $71,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of BGC Partners by 16.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,631,418 shares of the financial services provider’s stock valued at $13,552,000 after purchasing an additional 376,883 shares during the period. Institutional investors own 52.61% of the company’s stock.

About BGC Partners

BGC Partners, Inc operates as a brokerage and financial technology company worldwide. It offers various brokerage products, such as fixed income, foreign exchange, equities, energy and commodities, insurance, and futures. The company also provides other services that include trade execution, broker dealer, clearing, trade compression, post-trade, information, and other back office services to financial and non-financial institutions.

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