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Last $8.76 USD
Change Today +0.025 / 0.29%
Volume 343.1K
BGCP On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 1:41 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

bgc partners inc-cl a (BGCP) Snapshot

Open
$8.69
Previous Close
$8.74
Day High
$8.78
Day Low
$8.63
52 Week High
04/30/15 - $10.27
52 Week Low
10/15/14 - $6.87
Market Cap
2.2B
Average Volume 10 Days
1.5M
EPS TTM
$0.36
Shares Outstanding
215.5M
EX-Date
08/19/15
P/E TM
24.3x
Dividend
$0.56
Dividend Yield
5.94%
Current Stock Chart for BGC PARTNERS INC-CL A (BGCP)

bgc partners inc-cl a (BGCP) Related Businessweek News

No Related Businessweek News Found

bgc partners inc-cl a (BGCP) Details

BGC Partners, Inc. operates as a brokerage company in the United Kingdom, the United States, and internationally. It operates in two segments, Financial Services and Real Estate Services. The Financial Services segment provides brokerage services, including fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, and structured products. This segment also offers trade execution, broker-dealer, clearing, processing, information, and other back-office services to a range of financial and non-financial institutions; and electronic marketplaces comprising government bond markets, interest rate derivatives, spot foreign exchange, foreign derivatives, corporate bonds, and credit derivatives. In addition, 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; software and technology infrastructure for the transactional and technology related elements; and certain technology services. Further, this segment offers financial technology solutions, market data, and analytics related to select financial instruments and markets through BGC Trader and BGC Market Data brands. The Real Estate Services segment offers leasing and corporate advisory, investment sales and financial services, consulting, project and development management, and property and facilities management services. The company primarily serves banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, property owners, real estate developers, and investment firms, as well as institutional clients. BGC Partners, Inc. was founded in 1945 and is headquartered in New York, New York.

6,656 Employees
Last Reported Date: 03/2/15
Founded in 1945

bgc partners inc-cl a (BGCP) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.0M
President
Total Annual Compensation: $1.0M
Chief Financial Officer
Total Annual Compensation: $538.7K
Chief Operating Officer
Total Annual Compensation: $663.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $1.0M
Compensation as of Fiscal Year 2014.

bgc partners inc-cl a (BGCP) Key Developments

BGC Partners, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015; Announces Impairment of Fixed Assets

BGC Partners, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of totaled $669.1 million, up 60.4% year-over-year. Revenues for distributable earnings rose to $684.6 million from $430.3 million. GAAP net income rose to $13.3 million or $0.04 diluted per share from $11.1 million or $0.03 diluted per share in the year-ago period. Distributable EPS was $0.18, up from $0.13 a year earlier. Adjusted EBITDA increased by over 70% year-on-year to $109 million during the second quarter. Pretax earnings before non-controlling interest in subsidies and taxes were $77.5 million, up 46.3% when compared with $53 million. Book value per common share was $1.83. Income from operations before income taxes was $17,289,000 against $14,915,000 a year ago. Consolidated net income was $15,017,000 against $11,315,000 a year ago. Net income available to common stockholders was $9,347,000 against $7,601,000 a year ago. Adjusted GAAP revenue was $672,189,000 against $417,581,000 a year ago. Distributable earnings revenue was $684,591,000 against $430,311,000 a year ago. Pre-tax distributable earnings per share were $0.21 against $0.16 a year ago. For the six months, the company reported total revenues of $1,216,698,000 against $861,991,000 a year ago. Income from operations before income taxes was $53,559,000 against $26,161,000 a year ago. Net income available to common stockholders was $23,402,000 against $15,609,000 a year ago. Fully diluted earnings per share were $0.10 against $0.07 a year ago. The company provided earnings guidance for the third quarter of 2015. For the quarter, the company expects distributable earnings revenues of $680 million to $725 million, up between 51% and 61% from $449.8 million reported in third quarter of 2014. The company said the recent strengthening of the U.S. dollar has negatively affected its third quarter sales outlook by $22 million. The company anticipates generating pretax earnings of between $80 million and $95 million, which is an increase of between 22% and 44% when it's compared to $65.8 million last year. The company continues to expect, to have an effective tax rate to remain around 15%. For the second quarter, the company announced impairment of fixed assets of $13,195,000 against $474,000 a year ago.

Bgc Partners, Inc. Declares Dividend for the Second Quarter of 2015

The board of BGC Partners, Inc. declared $0.14 qualified dividend for the second quarter of 2015, which represents an increase of 16.7% compared to last year.

BGC Partners Seeks Acquisitions

BGC Partners, Inc. (NasdaqGS:BGCP) is seeking acquisitions. BGC will make accretive acquisitions.

 

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Industry Analysis

BGCP

Industry Average

Valuation BGCP Industry Range
Price/Earnings 100.0x
Price/Sales 1.0x
Price/Book 4.0x
Price/Cash Flow 183.3x
TEV/Sales 0.1x
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