Dimensional Fund Advisors LP Has $15.98 Million Stake in BGC Partners, Inc. (NASDAQ:BGCP)

Dimensional Fund Advisors LP grew its holdings in shares of BGC Partners, Inc. (NASDAQ:BGCP – Get Rating) by 3.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,089,035 shares of the financial services provider’s stock after acquiring an additional 175,231 shares during the quarter. Dimensional Fund Advisors LP owned 1.36% of BGC Partners worth $15,980,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BGCP. Envestnet Asset Management Inc. increased its stake in shares of BGC Partners by 11.7% in the first quarter. Envestnet Asset Management Inc. now owns 59,544 shares of the financial services provider’s stock valued at $262,000 after buying an additional 6,231 shares during the period. JPMorgan Chase & Co. increased its stake in shares of BGC Partners by 73.7% in the first quarter. JPMorgan Chase & Co. now owns 3,275,777 shares of the financial services provider’s stock valued at $14,414,000 after buying an additional 1,389,908 shares during the period. Bank of New York Mellon Corp increased its stake in shares of BGC Partners by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 2,006,772 shares of the financial services provider’s stock valued at $8,830,000 after buying an additional 24,892 shares during the period. Bank of Montreal Can acquired a new position in shares of BGC Partners in the first quarter valued at approximately $543,000. Finally, MetLife Investment Management LLC increased its stake in shares of BGC Partners by 62.4% in the first quarter. MetLife Investment Management LLC now owns 159,292 shares of the financial services provider’s stock valued at $701,000 after buying an additional 61,209 shares during the period. Institutional investors and hedge funds own 55.49% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Credit Suisse Group upped their price objective on BGC Partners from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Tuesday, February 28th.

BGC Partners Stock Performance

Shares of BGCP stock opened at $5.13 on Thursday. The business’s 50 day simple moving average is $4.34 and its 200 day simple moving average is $4.08. BGC Partners, Inc. has a one year low of $3.00 and a one year high of $5.28. The stock has a market capitalization of $1.90 billion, a PE ratio of 39.46 and a beta of 1.61. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.34 and a quick ratio of 1.31.

BGC Partners (NASDAQ:BGCP – Get Rating) last announced its earnings results on Monday, February 27th. The financial services provider reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $436.52 million for the quarter, compared to analysts’ expectations of $427.70 million. BGC Partners had a return on equity of 47.25% and a net margin of 2.71%. During the same period in the prior year, the business posted $0.17 earnings per share. As a group, research analysts forecast that BGC Partners, Inc. will post 0.87 earnings per share for the current year.

BGC Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, March 16th. BGC Partners’s dividend payout ratio is currently 30.77%.

BGC Partners Profile

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BGC Partners, Inc engages in the provision of brokerage services to the financial markets. The firm offers integrated voice, hybrid and fully electronic brokerage in a broad range of products, including fixed income, foreign exchange, equities, insurance, energy and commodities and futures. It also provides trade execution, brokerage, clearing, trade compression, post-trade, information and other back-office services.