BGC Partners - BGCP Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BGC Partners in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" BGCP shares.
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1 analysts have issued 1 year 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 stock price to reach $8.00 in the next twelve months. This suggests a possible upside of 53.0% 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 2023. Since then, BGCP stock has increased by 38.7% and is now trading at $5.23.
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BGC Partners saw a decline in short interest in March. As of March 15th, there was short interest totaling 4,220,000 shares, a decline of 24.0% from the February 28th total of 5,550,000 shares. Based on an average daily trading volume, of 1,690,000 shares, the short-interest ratio is currently 2.5 days. Approximately 1.4% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
View our BGCP earnings forecast.

BGC Partners, Inc. (NASDAQ:BGCP) posted its quarterly earnings data on Monday, February, 27th. The financial services provider reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The financial services provider had revenue of $436.52 million for the quarter, compared to the consensus estimate of $427.70 million. BGC Partners had a net margin of 2.71% and a trailing twelve-month return on equity of 47.25%. During the same period in the previous year, the firm posted $0.17 EPS.

BGC Partners declared a quarterly dividend on Monday, February 27th. Stockholders of record on Friday, March 17th will be given a dividend of $0.01 per share on Friday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, March 16th.
Read our dividend analysis for BGCP.

ETFs with the largest weight of BGC Partners (NASDAQ:BGCP) stock in their portfolio include 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), Principal U.S. Small-Cap Multi-Factor ETF (PSC), First Trust Small Cap Value AlphaDEX Fund (FYT), Timothy Plan US Small Cap Core ETF (TPSC) and VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF).

BGC Partners (NASDAQ:BGCP) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.79%. The dividend payout ratio is 30.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BGCP will have a dividend payout ratio of 3.85% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BGCP.

BGC Partners issued an update on its first quarter 2023 earnings guidance on Monday, February, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $515.00 million-$565.00 million, compared to the consensus revenue estimate of $509.89 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 number of retail and institutional investors. Top institutional shareholders include Cardinal Capital Management LLC CT (4.05%), AltraVue Capital LLC (2.55%), Geode Capital Management LLC (1.65%), Dimensional Fund Advisors LP (1.35%), Boston Partners (1.32%) and Morgan Stanley (1.28%).
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.
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One share of BGCP stock can currently be purchased for approximately $5.23.

BGC Partners (NASDAQ:BGCP) has a market capitalization of $1.96 billion and generates $1.80 billion in revenue each year. The financial services provider earns $48.71 million in net income (profit) each year or $0.13 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.