Last $9.21 USD
Change Today +0.13 / 1.43%
Volume 1.3M
BGCP On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

bgc partners inc-cl a (BGCP) Snapshot

Open
$9.05
Previous Close
$9.08
Day High
$9.31
Day Low
$8.99
52 Week High
12/26/14 - $9.57
52 Week Low
03/28/14 - $6.29
Market Cap
2.0B
Average Volume 10 Days
1.1M
EPS TTM
$0.31
Shares Outstanding
184.7M
EX-Date
02/26/15
P/E TM
29.8x
Dividend
$0.48
Dividend Yield
5.21%
Current Stock Chart for BGC PARTNERS INC-CL A (BGCP)

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

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bgc partners inc-cl a (BGCP) Details

BGC Partners, Inc. operates as a brokerage company, primarily servicing the wholesale financial and commercial real estate markets. It operates through two segments, Financial Services and Real Estate Services. The Financial Services segment specializes in brokering a range of products, including fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, and structured products. This segment provides trade execution, broker-dealer, clearing, processing, information, and other back-office services to a range of financial and non-financial institutions; and offers electronic marketplaces, including government bond markets, spot foreign exchange, foreign exchange options, corporate bonds, and credit default swaps in various financial markets. It also 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. 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 in the United Kingdom; the United States; France; Asia; Australia; and other countries in the Americas, Europe, the Middle East, and Africa. BGC Partners, Inc. was founded in 1945 and is headquartered in New York, New York.

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 and Principal Account...
Total Annual Compensation: $469.4K
Chief Operating Officer
Total Annual Compensation: $586.8K
Executive Vice President, Secretary and Gener...
Total Annual Compensation: $1.0M
Compensation as of Fiscal Year 2013.

bgc partners inc-cl a (BGCP) Key Developments

Graham Sadler to Step Down as Chief Financial Officer of BGC Partners, Inc

BGC Partners, Inc. announced Graham Sadler will be retiring as Chief Financial Officer. Mr. Sadler will stay full-time at BGC until a successor is found. Graham has been for more than six years and represents a key part of senior management team. His financial acumen, industry expertise, and dedication to BGC have made him a tremendous asset.

BGC Partners, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter of 2015

BGC Partners, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $489,283,000 against $421,291,000 a year ago. Loss from operations before income taxes was $59,286,000 against income of $1,310,000 a year ago. Net loss available to common stockholders was $18,685,000 or $0.08 per diluted share against income of $4,134,000 or $0.02 per diluted share a year ago. Adjusted LBITDA was $281,000 against adjusted EBITDA of $64,750,000 a year ago. For the full year, the company reported total revenues of $1,787,490,000 against $1,744,981,000 a year ago. Loss from operations before income taxes was $3,188,000 against income of $265,921,000 a year ago. Net income available to common stockholders was $4,135,000 or $0.02 per diluted share against income of $70,924,000 or $0.36 per diluted share a year ago. Adjusted EBITDA was $245,995,000 against $923,004,000 a year ago. For first quarter of 2015, the company expects to generate revenues of between $490 million and $520 million or an increase of between 10% and 17% when compared with $445.9 million. The company anticipates pretax earnings to be between $68 million and $80 million, an increase of between 21% and 42%, as compared to $56.2 million, and at the midpoint of guidance. The company expects effective tax rate to remain unchanged at approximately 15%. The outlook reflects the fact that commercial real estate service firms are generally seasonally slowest in the first calendar quarter and strongest in the fourth calendar quarter while the reverse is true for Financial Services business.

BGC Partners, Inc. Declares Quarterly Cash Dividend, Payable on March 16, 2015

On February 10, 2015, the board of directors of BGC Partners, Inc. declared a quarterly cash dividend of $0.12 per share payable on March 16, 2015 to class A and Class B common stockholders of record as of March 2, 2015. The ex-dividend date will be February 26, 2015.

 

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Industry Analysis

BGCP

Industry Average

Valuation BGCP Industry Range
Price/Earnings 100.0x
Price/Sales 1.2x
Price/Book 5.0x
Price/Cash Flow 483.0x
TEV/Sales 0.2x
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