BGC Partners Stock Forecast, Price & News

BGC Partners' stock was trading at $4.02 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, BGCP shares have decreased by 42.0% and is now trading at $2.33.
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1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BGC Partners in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold."
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BGC Partners is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
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BGC Partners, Inc. (NASDAQ:BGCP) issued its quarterly earnings data on Thursday, July, 30th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.15. The financial services provider earned $519.09 million during the quarter, compared to analysts' expectations of $522.40 million. BGC Partners had a return on equity of 42.18% and a net margin of 1.06%.
View BGC Partners' earnings history.

BGC Partners declared a quarterly dividend on Thursday, July 30th. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.01 per share on Wednesday, September 2nd. This represents a $0.04 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Tuesday, August 18th.
View BGC Partners' dividend history.

BGC Partners issued an update on its third quarter 2020 Pre-Market earnings guidance on Thursday, July, 30th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $440-490 million, compared to the consensus revenue estimate of $501.15 million.

Press coverage about BGCP stock has been trending positive recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. BGC Partners earned a media sentiment score of 2.5 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near term.
View the latest news about BGC Partners.

BGC Partners saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 12,760,000 shares, an increase of 66.1% from the August 15th total of 7,680,000 shares. Based on an average trading volume of 3,930,000 shares, the days-to-cover ratio is currently 3.2 days. Approximately 4.5% of the shares of the company are sold short.
View BGC Partners' Short Interest.

Some companies that are related to BGC Partners include Morgan Stanley (MS), Goldman Sachs Group (GS), Charles Schwab (SCHW), TD Ameritrade (AMTD), E*TRADE Financial (ETFC), Raymond James (RJF), LPL Financial (LPLA), Lazard (LAZ), Stifel Financial (SF), Evercore (EVR), Piper Jaffray Companies (PJC), Cowen (COWN), Oppenheimer (OPY), Greenhill & Co., Inc. (GHL) and FBR & Co (FBRC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other BGC Partners investors own include NGL Energy Partners (NGL), Energy Transfer LP Unit (ET), Ford Motor (F), Newmark Group (NMRK), Ivanhoe Mines (IVN), Centurylink (CTL), New Residential Investment (NRZ), Arlington Asset Investment (AI), Ares Capital (ARCC) and ANNALY CAP MGMT/SH (NLY).

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

BGC Partners' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (7.41%), Point72 Asset Management L.P. (2.60%), Alyeska Investment Group L.P. (1.62%), Bank of New York Mellon Corp (1.05%), Charles Schwab Investment Management Inc. (0.79%) and Russell Investments Group Ltd. (0.46%). Company insiders that own BGC Partners stock include Linda A Bell and Sean Galvin.
View institutional ownership trends for BGC Partners.

BGCP stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Principal Financial Group Inc., Point72 Asset Management L.P., Raymond James & Associates, AQR Capital Management LLC, Advisors Capital Management LLC, Vanguard Group Inc., and Raymond James Financial Services Advisors Inc..
View insider buying and selling activity for BGC Partners.

BGCP stock was acquired by a variety of institutional investors in the last quarter, including Bank of Nova Scotia, UBS Group AG, Charles Schwab Investment Management Inc., MUFG Securities EMEA plc, Alyeska Investment Group L.P., Lonestar Capital Management LLC, Nuveen Asset Management LLC, and Bank of New York Mellon Corp.
View insider buying and selling activity for BGC Partners.

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

One share of BGCP stock can currently be purchased for approximately $2.33.

BGC Partners has a market capitalization of $837.95 million and generates $2.10 billion in revenue each year. The financial services provider earns $55.71 million in net income (profit) each year or $0.61 on an earnings per share basis. BGC Partners employs 5,200 workers across the globe.

The official website for BGC Partners is www.bgcpartners.com.

BGC Partners' mailing address is 499 PARK AVENUE, NEW YORK NY, 10022. The financial services provider can be reached via phone at 212-610-2200.