BGC Partners, Inc. BGCP
At closeJun 30, 2023, 4:00 PM EDT
52-week range unavailable
- Market cap
- 1.73B
- Revenue (ttm)
- 1.76B
- Profit margin
- 2.37%
- Shares out
- 338.49M
- Forward P/E
- 4.34
- Dividend
- 0.04 (0.94%)
- Ex-dividend date
- May 15, 2023
- Volume
- 3.48M
- Open
- 4.43
- Previous close
- 4.43
- Day's range
- 4.41 – 4.69
- Beta
- 1.87
- Analysts
- Buy
- Price target
- 8.50 (+91.9%)
- Earnings date
- Aug 2, 2023
Key statistics
- Enterprise value
- 2.45B
- PEG ratio
- 0.26
- Price / sales
- 0.98
- Price / book
- 2.35
- Dividend yield
- 0.94%
- Payout ratio
- 36.36%
- Revenue growth
- 5.10%
- Free cash flow
- 0
- Total cash
- 551.22M
- Total debt
- 1.28B
- Return on equity
- 6.29%
- Short % of float
- 1.98%
- 50-day average
- 4.44
- 200-day average
- 4.33
Analyst view
Consensus: buy
- Strong buy0
- Buy1
- Hold0
- Sell0
- Strong sell0
Next earnings
Aug 2, 2023
Expected Aug 2, 2023. Consensus EPS estimate 0.19.
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Aug 2, 2023 | Jun 1, 2023 | 0.23 | — | — | — |
| May 3, 2023 | Mar 1, 2023 | 0.23 | — | — | — |
| Feb 27, 2023 | Dec 1, 2022 | 0.15 | — | — | — |
| Nov 2, 2022 | Sep 1, 2022 | 0.15 | — | — | — |
| Aug 3, 2022 | Jun 1, 2022 | 0.17 | — | — | — |
| May 2, 2022 | Mar 1, 2022 | 0.22 | — | — | — |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Feb 28, 2023 | Credit Suisse | main | — | Outperform |
| Feb 15, 2022 | Credit Suisse | init | — | Outperform |
| Mar 27, 2020 | Raymond James | down | Strong Buy | Market Perform |
| Oct 26, 2018 | Raymond James | main | Strong Buy | Strong Buy |
| Jul 6, 2015 | Raymond James | up | Outperform | Strong Buy |
| Apr 14, 2015 | Keefe Bruyette & Woods | main | — | Outperform |
About BGC Partners, Inc.
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. The company 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. It 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, the company 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 BGC, BGC Partners, BGC Trader, GFI, GFI Ginga, CreditMatch, Fenics, Fenics.com, FMX, Sunrise Brokers, Poten & Partners, RP Martin, kACE2, Capitalab, Swaptioniser, CBID, and Lucera brand names. Further, it 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; and option pricing and analysis tools. Additionally, the company offers LumeFX, a distributed FX platform with managed infrastructure and software stack; LumeMarkets, a multi-asset class aggregation platform, Connect, a global SDN for rapid provisioning of connectivity to counter-parties, and Compute, an on-demand, co-located compute services in financial data centers. 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.
- Sector
- Financial Services
- Industry
- Capital Markets
- Country
- United States
- Website
- bgcpartners.com
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BGC Partners, Inc. (BGCP) Q1 2023 Earnings Call Transcript 
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| BELL LINDA A | Director | Stock Award(Grant) | Dec 29, 2022 | 57,190 |
| CANTOR FITZGERALD L P | Director and Beneficial Owner of more than 10% of a Class of Security | Stock Gift | Feb 22, 2016 | 16,521,300 |
| CURWOOD STEPHEN T | Director | Stock Award(Grant) | Nov 21, 2021 | 67,661 |
| DALTON JOHN H | Director | Stock Gift | Oct 3, 2017 | 147,577 |
| GALVIN SEAN | Officer | Purchase | Oct 28, 2018 | 20,000 |
| LUTNICK HOWARD W | Chief Executive Officer | Stock Award(Grant) | May 17, 2023 | 33,534,300 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Vanguard Group, Inc. (The) | 9.71% | 32,850,273 | 145.53M | Mar 30, 2023 |
| Blackrock Inc. | 6.84% | 23,164,425 | 102.62M | Mar 30, 2023 |
| Rubric Capital Management LP | 5.87% | 19,853,149 | 87.95M | Mar 30, 2023 |
| Cardinal Capital Management LLC | 4.13% | 13,966,683 | 61.87M | Mar 30, 2023 |
| AltraVue Capital, LLC | 3.02% | 10,210,020 | 45.23M | Mar 30, 2023 |
| Philosophy Capital Management Llc | 2.66% | 8,987,308 | 39.81M | Mar 30, 2023 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 3.10% | 10,162,505 | 45.02M | Dec 30, 2022 |
| Vanguard Small-Cap Index Fund | 2.55% | 8,370,112 | 37.08M | Dec 30, 2022 |
| iShares Russell 2000 ETF | 2.11% | 6,931,220 | 30.71M | Feb 27, 2023 |
| Vanguard Small Cap Value Index Fund | 1.79% | 5,865,233 | 25.98M | Dec 30, 2022 |
| Vanguard Extended Market Index Fund | 1.37% | 4,508,478 | 19.97M | Dec 30, 2022 |
| iShares Russell 2000 Value ETF | 0.97% | 3,194,526 | 14.15M | Feb 27, 2023 |