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 year. 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 brokers have issued 12 month price objectives for BGC Partners' stock. Their BGCP share price forecasts range from $7.00 to $7.00. On average, they predict the company's share price to reach $7.00 in the next twelve months. This suggests a possible upside of 68.7% 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 $4.65 at the beginning of 2022. Since then, BGCP stock has decreased by 10.8% and is now trading at $4.15.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our BGCP earnings forecast.

BGC Partners, Inc. (NASDAQ:BGCP) posted its earnings results on Tuesday, November, 2nd. The financial services provider reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by $0.01. The financial services provider had revenue of $473.75 million for the quarter, compared to the consensus estimate of $490.35 million. BGC Partners had a net margin of 6.75% and a trailing twelve-month return on equity of 49.74%. During the same quarter last year, the firm earned $0.11 EPS.

BGC Partners declared a quarterly dividend on Tuesday, November 1st. Stockholders of record on Tuesday, November 22nd will be given a dividend of $0.01 per share on Tuesday, December 6th. This represents a $0.04 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Monday, November 21st.
Read our dividend analysis for BGCP.

BGC Partners (NASDAQ:BGCP) pays an annual dividend of $0.04 per share and currently has a dividend yield of 1.02%. The dividend payout ratio is 12.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BGCP will have a dividend payout ratio of 4.60% 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 fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $390.00 million-$440.00 million, compared to the consensus revenue estimate of $400.13 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 investors include Vanguard Group Inc. (8.64%), BlackRock Inc. (6.03%), Rubric Capital Management LP (4.89%), Cardinal Capital Management LLC CT (4.15%), State Street Corp (1.84%) and Dimensional Fund Advisors LP (1.36%).
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 $4.15.

BGC Partners (NASDAQ:BGCP) has a market capitalization of $1.54 billion and generates $2.02 billion in revenue each year. The financial services provider earns $124.01 million in net income (profit) each year or $0.32 on an earnings per share basis.

The company employs 3,920 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 or via fax at 646-346-6919.