BGC Partners, Inc. operates as a financial brokerage and technology company in the United States, France, other Europe, the United Kingdom, other Americas, Asia, Australia, Africa, and the Middle East. It offers various brokerage products, such as fixed income, such as government bonds, corporate bonds, and other debt instruments, as well as related interest rate derivatives and credit derivatives; and fixed income, equity derivatives and cash equities, energy and commodities, shipping, insurance, and futures and options. The company also provides trade execution, brokerage, clearing, trade compression, post-trade, information, consulting, and other back office services to financial and non-financial institutions. In addition, it offers electronic and hybrid brokerage, other financial technology solutions, market data and related information services, and analytics related to financial instrument and markets under the Fenics, FMX, BGC Trader, CreditMatch, Fenics Market Data, Fenics GO, BGC Market Data, kACE2, Capitalab, Swaptioniser, CBID, Lucera, and LumeAlfa brand names. Further, the company provides screen-based market solutions, which enable its clients to develop a marketplace, trade with their customers, issue debt, trade odd lots, access program trading interfaces, and access its network and intellectual property; option pricing and analysis tools; and software and technology infrastructure for the transactional and technology related elements. It primarily serves banks, broker-dealers, investment banks, trading firms, hedge funds, governments, and corporations, as well as investment firms. BGC Partners, Inc. was founded in 1945 and is headquartered in New York, New York.
BGC Partners Stock Up 1.2 %
BGC Partners stock opened at $4.12 on Thursday. The company has a market capitalization of $1.54 billion, a P/E ratio of 14.71 and a beta of 1.53. BGC Partners has a fifty-two week low of $3.00 and a fifty-two week high of $5.84. The stock has a 50-day simple moving average of $3.54 and a 200-day simple moving average of $3.86. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.14 and a current ratio of 1.14.
BGC Partners (NASDAQ:BGCP - Get Rating) last issued its earnings results on Wednesday, August 3rd. The financial services provider reported $0.17 earnings per share for the quarter, meeting analysts' consensus estimates of $0.17. BGC Partners had a return on equity of 50.42% and a net margin of 5.63%. During the same period in the previous year, the company earned $0.16 EPS. Equities research analysts expect that BGC Partners will post 0.68 earnings per share for the current year.
BGC Partners Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Tuesday, August 23rd will be given a dividend of $0.01 per share. The ex-dividend date is Monday, August 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 0.97%. BGC Partners's payout ratio is currently 14.29%.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded BGC Partners from a "hold" rating to a "buy" rating in a research note on Thursday, July 21st.