Last $7.83 USD
Change Today +0.10 / 1.29%
Volume 505.5K
BGCP On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

bgc partners inc-cl a (BGCP) Snapshot

Open
$7.74
Previous Close
$7.73
Day High
$7.84
Day Low
$7.68
52 Week High
07/30/14 - $8.01
52 Week Low
11/1/13 - $5.20
Market Cap
2.4B
Average Volume 10 Days
970.8K
EPS TTM
$0.24
Shares Outstanding
182.3M
EX-Date
08/20/14
P/E TM
32.8x
Dividend
$0.48
Dividend Yield
6.13%
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.

6,386 Employees
Last Reported Date: 02/28/14
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 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

BGC Partners, Inc. Announces Appointment of Eric T. Hirschhorn as Chief Information Officer

BGC Partners, Inc. announced the appointment of Eric T. Hirschhorn to the role of Chief Information Officer ("CIO"), reporting to Shaun D. Lynn, President of BGC, effective immediately. Mr. Hirschhorn comes to BGC from Bank of America Merrill Lynch, where he has held various key positions leading global teams across Rates and FICC (Fixed Income, Currency and Commodity) eTrading technology. At BGC, he will assume global responsibility for maintaining and expanding the technology powering the Company's growing portfolio of products related to hybrid and fully electronic trading, market data, and software solutions.

BGC Partners, Inc. Announces the Departure of Yevette Tierney from the Role of Chief Information Officer

BGC Partners, Inc. announced that Yevette Tierney, Chief Information Officer, has left the Company to pursue other interests, effective immediately.

BGC Partners Revises Earnings Guidance for the Third Quarter of 2014

BGC Partners revised earnings guidance for the third quarter of 2014. The company expects financial results to be above the high end of the range of its previously stated guidance for revenues and earnings. The company said it expected distributable earnings revenues to be between approximately $410 million and $435 million, compared with $414.4 million. The company anticipated pre-tax distributable earnings to increase by between approximately 39% and 60% and to be in the range of $52 million to $60 million, versus $37.4 million. The company expected its effective tax rate for distributable earnings to be approximately 15%, compared with 14.5%.

 

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Industry Analysis

BGCP

Industry Average

Valuation BGCP Industry Range
Price/Earnings 41.8x
Price/Sales 1.0x
Price/Book 4.1x
Price/Cash Flow 37.2x
TEV/Sales 0.2x
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