Price Action Don’t Lie: What’s Next for BGC Partners, Inc. After Today’s Huge Increase?

Price Action Don't Lie: What's Next for BGC Partners, Inc. After Today's Huge Increase?

The stock of BGC Partners, Inc. (NASDAQ:BGCP) is a huge mover today! About 540,520 shares traded hands. BGC Partners, Inc. (NASDAQ:BGCP) has risen 3.99% since April 18, 2016 and is uptrending. It has underperformed by 0.44% the S&P500.
The move comes after 6 months positive chart setup for the $2.72B company. It was reported on Nov, 18 by Barchart.com. We have $14.13 PT which if reached, will make NASDAQ:BGCP worth $1.20 billion more.

According to Zacks Investment Research, “BGC PARTNERS, INC. is a leading global full-service inter-dealer broker, specializing in the trading of financial instruments and related derivatives products. BGC Partners provides integrated voice, hybrid, and fully electronic execution and other brokerage services to some of the world’s largest and most credit worthy banks, broker-dealers, investment banks and investment firms for a broad range of global financial products, including fixed income securities, foreign exchange, equity derivatives, credit derivatives, futures, structured products and other instruments. Through its eSpeed and BGCantor Market Data brands, BGC also offers financial technology solutions and market data and analytics related to selected financial instruments and markets. Named after fixed income trading innovator B. Gerald Cantor, BGC Partners has offices in New York and London, as well as in Beijing, Chicago, Copenhagen, Hong Kong, Istanbul, Mexico City, Nyon, Paris, Seoul, Singapore, Sydney, Tokyo and Toronto.”

Insitutional Activity: The institutional sentiment increased to 1.43 in 2016 Q2. Its up 0.11, from 1.32 in 2016Q1. The ratio increased, as 21 funds sold all BGC Partners, Inc. shares owned while 56 reduced positions. 20 funds bought stakes while 82 increased positions. They now own 104.46 million shares or 2.28% less from 106.90 million shares in 2016Q1.
Moreover, Virginia Retirement Et Al has 0.01% invested in BGC Partners, Inc. (NASDAQ:BGCP) for 86,200 shares. Credit Suisse Ag accumulated 0% or 215,127 shares. Paloma Prtnrs Management accumulated 0% or 13,177 shares. Comml Bank Of Montreal Can last reported 0% of its portfolio in the stock. The Virginia-based Yorktown Management & Research has invested 1.31% in BGC Partners, Inc. (NASDAQ:BGCP). Bankshares Of America Corp De holds 506,746 shares or 0% of its portfolio. Wells Fargo & Company Mn last reported 600,788 shares in the company. Walleye Trading Lc holds 6,000 shares or 0% of its portfolio. Edge Wealth Mngmt Lc reported 5,000 shares or 0.02% of all its holdings. Raymond James Tru Na accumulated 0.02% or 24,565 shares. Prudential Fincl Inc has invested 0% of its portfolio in BGC Partners, Inc. (NASDAQ:BGCP). Raymond James Fincl Svcs Advisors holds 0.04% of its portfolio in BGC Partners, Inc. (NASDAQ:BGCP) for 444,656 shares. Nuveen Asset Mngmt Ltd holds 14,411 shares or 0% of its portfolio. Boston Partners last reported 316,132 shares in the company. American Intl Gru accumulated 0% or 125,361 shares.

More notable recent BGC Partners, Inc. (NASDAQ:BGCP) news were published by: Nasdaq.com which released: “BGC Partners, Inc. (BGCP) Ex-Dividend Date Scheduled for November 21, 2016” on November 18, 2016, also Prnewswire.com with their article: “BGC Partners Reports Third Quarter 2016 Financial Results” published on October 27, 2016, Prnewswire.com published: “BGC Partners Announces Agreement to Acquire Sunrise Brokers, a Leading …” on July 19, 2016. More interesting news about BGC Partners, Inc. (NASDAQ:BGCP) were released by: Seekingalpha.com and their article: “The Problem With BGC Partners” published on August 15, 2016 as well as Prnewswire.com‘s news article titled: “BGC Partners to Update Outlook for the Fourth Quarter of 2015 on December 31, 2015” with publication date: December 21, 2015.

BGCP Company Profile

BGC Partners, Inc. (BGC), incorporated on June 3, 1999, is a global brokerage firm servicing the financial and real estate markets. The Firm operates through two divisions: Financial Services and Real Estate Services. The Firm provides a range of services, including trade execution, broker-dealer services, clearing, processing, information, and other back-office services to a range of financial and non-financial institutions. The Company’s integrated platform is designed to provide flexibility to clients with regard to price discovery, execution and processing of transactions, and enables them to use voice, hybrid, or in various markets, electronic brokerage services in connection with transactions executed either over-the-counter or through an exchange. Through the Company’s FENICS, BGC Trader, BGC Market Data and Capitalab brands, it offers electronic brokerage, financial technology solutions, market data, post-trade services, and analytics related to select financial instruments and markets. The Company’s clients include banks, broker-dealers, investment banks, trading firms, hedge funds, governments, firms, property owners, real estate developers and investment firms.

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