BGC Partners (BGCP) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BGC Partners in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" BGCP shares.
View BGCP analyst ratings or view top-rated stocks.

1 equities research analysts have issued twelve-month price targets for BGC Partners' stock. Their BGCP share price forecasts range from $8.00 to $8.00. On average, they predict the company's share price to reach $8.00 in the next twelve months. This suggests a possible upside of 82.6% from the stock's current price.
View analysts price targets for BGCP or view top-rated stocks among Wall Street analysts.

BGC Partners' stock was trading at $3.77 at the beginning of the year. Since then, BGCP stock has increased by 16.2% and is now trading at $4.38.
View the best growth stocks for 2023 here.

BGC Partners saw a drop in short interest in May. As of May 15th, there was short interest totaling 5,160,000 shares, a drop of 24.8% from the April 30th total of 6,860,000 shares. Based on an average daily trading volume, of 2,550,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.7% of the company's stock are short sold.
View BGC Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our BGCP earnings forecast.

BGC Partners, Inc. (NASDAQ:BGCP) posted its earnings results on Wednesday, May, 3rd. The financial services provider reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. The financial services provider earned $532.87 million during the quarter, compared to analysts' expectations of $535.40 million. BGC Partners had a trailing twelve-month return on equity of 47.88% and a net margin of 2.29%. During the same quarter in the prior year, the company posted $0.21 EPS.

BGC Partners announced a quarterly dividend on Tuesday, May 2nd. Stockholders of record on Wednesday, May 17th will be paid a dividend of $0.01 per share on Wednesday, May 31st. This represents a $0.04 annualized dividend and a yield of 0.91%. The ex-dividend date is Tuesday, May 16th.
Read our dividend analysis for BGCP.

ETFs with the largest weight of BGC Partners (NASDAQ:BGCP) stock in their portfolio include Inspire Fidelis Multi Factor ETF (FDLS), SPDR S&P Capital Markets ETF (KCE), iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI), First Trust NASDAQ BuyWrite Income ETF (FTQI), iShares US Small Cap Value Factor ETF (SVAL), First Trust Small Cap Value AlphaDEX Fund (FYT), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF) and WisdomTree U.S. SmallCap Fund (EES).

BGC Partners (NASDAQ:BGCP) pays an annual dividend of $0.04 per share and currently has a dividend yield of 1.00%. The dividend payout ratio is 36.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BGCP will have a dividend payout ratio of 3.92% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BGCP.

BGC Partners updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $450.00 million-$500.00 million, compared to the consensus revenue estimate of $491.30 million.

136 employees have rated BGC Partners Chief Executive Officer Howard W. Lutnick on Glassdoor.com. Howard W. Lutnick has an approval rating of 45% among the company's employees. This puts Howard W. Lutnick in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. 42.0% of employees surveyed would recommend working at BGC Partners to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other BGC Partners investors own include NGL Energy Partners (NGL), Energy Transfer (ET), Ford Motor (F), Newmark Group (NMRK), Ivanhoe Mines (IVN), Lumen Technologies (LUMN), New Residential Investment (NRZ), C3.ai (AI), Ares Capital (ARCC) and Annaly Capital Management (NLY).

BGC Partners trades on the NASDAQ under the ticker symbol "BGCP."

BGC Partners' stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.20%), Rubric Capital Management LP (5.31%), Boston Partners (2.13%), State Street Corp (1.88%), Geode Capital Management LLC (1.69%) and Dimensional Fund Advisors LP (1.50%).
View institutional ownership trends.

Shares of BGCP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of BGCP stock can currently be purchased for approximately $4.38.

BGC Partners (NASDAQ:BGCP) has a market capitalization of $1.68 billion and generates $1.82 billion in revenue each year. The financial services provider earns $48.71 million in net income (profit) each year or $0.11 on an earnings per share basis.

The company employs 3,818 workers across the globe.

BGC Partners' mailing address is 499 PARK AVENUE, NEW YORK NY, 10022. The official website for the company is www.bgcpartners.com. The financial services provider can be reached via phone at (212) 610-2200, via email at bgcir@bgcpartners.com, or via fax at 646-346-6919.