Last $7.07 USD
Change Today +0.09 / 1.29%
Volume 1.0M
BGCP On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

bgc partners inc-cl a (BGCP) Snapshot

Open
$6.99
Previous Close
$6.98
Day High
$7.12
Day Low
$6.94
52 Week High
03/11/14 - $7.30
52 Week Low
10/9/13 - $5.10
Market Cap
2.2B
Average Volume 10 Days
1.1M
EPS TTM
$-2.23
Shares Outstanding
183.6M
EX-Date
02/25/14
P/E TM
--
Dividend
$0.48
Dividend Yield
6.79%
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: $475.5K
Chief Operating Officer
Total Annual Compensation: $594.3K
Executive Vice President, Secretary and Gener...
Total Annual Compensation: $1.0M
Compensation as of Fiscal Year 2012.

bgc partners inc-cl a (BGCP) Key Developments

Newmark Grubb Reportedly In Talks To Acquire Apartment Realty Advisors

Newmark Grubb Knight Frank Capital Group reportedly is in talks to acquire Apartment Realty Advisors, Inc. (ARA). BGC Partners, Inc. (NasdaqGS:BGCP) parent to Newmark is negotiating with founding principals to acquire Apartment Realty. Principals from ARA and Newmark Grubb were not immediately available for comment.

BGC Partners, Inc. Enters into Partnership with DMCC to Promote Sharia-Compliant Commodity Murabaha Mechanism

BGC Partners, Inc. and the Dubai Multi Commodity Centre announced that they have entered into a partnership to promote a Sharia-compliant Commodity Murabaha mechanism. This marks the first agreement between DMCC and an interdealer broker to jointly market Commodity Murabaha on the DMCC Tradeflow Platform. Launching shortly, this partnership offers the trading community a faster, more efficient method of trading this niche financial product and promotes Dubai as the global centre of Islamic finance.

BGC Partners, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the First Quarter of 2014

BGC Partners, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total revenues of $426,605,000 against $482,177,000 a year ago. Income from operations before income taxes was $1,310,000 against $28,763,000 a year ago. Net income available to common stockholders was $4,134,000 against $14,168,000 a year ago. Fully diluted earnings per share were $0.02 against $0.09 per share a year ago. Adjusted EBITDA was $64.8 million against $105.9 million a year ago. For the full year, the company reported total revenues of $2,498,086,000 against $1,766,993,000 a year ago. Income from operations before income taxes was $265,921,000 against $55,737,000 a year ago. Net income available to common stockholders was $70,924,000 against $23,864,000 a year ago. Fully diluted earnings per share were $0.36 against $0.16 a year ago. Adjusted EBITDA was $923 million against $317.3 million a year ago. For the first quarter of 2014, the company expects to generate distributable earnings revenues of between approximately $410 million and $440 million compared with $449.8 million. The company expects pre-tax distributable earnings to be between approximately $41 million and $52 million against $45.1 million. The company anticipates its effective tax rate for distributable earnings to remain around 15% for the full year 2014.

 

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Industry Analysis

BGCP

Industry Average

Valuation BGCP Industry Range
Price/Earnings 26.5x
Price/Sales 0.9x
Price/Book 3.3x
Price/Cash Flow 21.8x
TEV/Sales 0.0x
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