BGC Partners Inc (NASDAQ:BGCP) Sentiment Report

May 16, 2018 - By Adrian Mccoy

BGC Partners, Inc. (NASDAQ:BGCP) Logo

Sentiment for BGC Partners Inc (NASDAQ:BGCP)

BGC Partners Inc (NASDAQ:BGCP) institutional sentiment decreased to 1.25 in Q4 2017. Its down -0.24, from 1.49 in 2017Q3. The ratio fall, as 135 active investment managers opened new or increased holdings, while 108 sold and decreased equity positions in BGC Partners Inc. The active investment managers in our partner’s database now have: 128.38 million shares, up from 121.60 million shares in 2017Q3. Also, the number of active investment managers holding BGC Partners Inc in their top 10 holdings decreased from 5 to 1 for a decrease of 4. Sold All: 26 Reduced: 82 Increased: 83 New Position: 52.

BGC Partners, Inc. operates as a brokerage firm servicing the financial and real estate markets worldwide. The company has market cap of $4.48 billion. It operates in two divisions, Financial Services and Real Estate Services. It has a 73.25 P/E ratio. The Financial Services segment provides brokerage services for fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, and structured products.

The stock increased 0.91% or $0.11 during the last trading session, reaching $12.16. About 4.15M shares traded or 95.34% up from the average. BGC Partners, Inc. (NASDAQ:BGCP) has risen 22.29% since May 16, 2017 and is uptrending. It has outperformed by 10.74% the S&P500.

Analysts await BGC Partners, Inc. (NASDAQ:BGCP) to report earnings on July, 25. They expect $0.27 earnings per share, up 12.50 % or $0.03 from last year’s $0.24 per share. BGCP’s profit will be $99.52 million for 11.26 P/E if the $0.27 EPS becomes a reality. After $0.32 actual earnings per share reported by BGC Partners, Inc. for the previous quarter, Wall Street now forecasts -15.63 % negative EPS growth.

Doheny Asset Management Ca holds 4.67% of its portfolio in BGC Partners, Inc. for 662,717 shares. Shikiar Asset Management Inc owns 474,570 shares or 3.36% of their US portfolio. Moreover, Silver Capital Management Llc has 2.64% invested in the company for 48,690 shares. The New York-based Bluemar Capital Management Llc has invested 2.15% in the stock. Cardinal Capital Management Llc Ct, a Connecticut-based fund reported 3.11 million shares.

Another recent and important BGC Partners, Inc. (NASDAQ:BGCP) news was published by Seekingalpha.com which published an article titled: “BGC Partners’ (BGCP) CEO Howard Lutnick on Q1 2018 Results – Earnings Call Transcript” on May 04, 2018.

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