Last $7.57 USD
Change Today -0.22 / -2.82%
Volume 1.7M
BGCP On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

bgc partners inc-cl a (BGCP) Snapshot

Open
$7.77
Previous Close
$7.79
Day High
$7.77
Day Low
$7.54
52 Week High
07/30/14 - $8.01
52 Week Low
10/9/13 - $5.10
Market Cap
2.4B
Average Volume 10 Days
1.1M
EPS TTM
$0.24
Shares Outstanding
182.3M
EX-Date
08/20/14
P/E TM
31.7x
Dividend
$0.48
Dividend Yield
6.34%
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. Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014

BGC PARTNERS, INC. reported consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $417,581,000 compared with $1,193,167,000 for the same period last year. Income from operations before income taxes was $14,915,000 compared with $208,251,000 for the same period last year. Net income available to common stockholders was $7,601,000 compared with $34,466,000 for the same period last year. Net income for fully diluted shares was $11,105,000 or $0.03 diluted per share compared with $69,944,000 or $0.18 diluted per share for the same period last year. Adjusted EBITDA was $63,931,000 compared with $719,816,000 for the same period last year. For the six months, the company reported total revenues of $857,872,000 compared with $1,638,136,000 for the same period last year. Income from operations before income taxes was $26,161,000 compared with $221,948,000 for the same period last year. Net income available to common stockholders was $15,609,000 compared with $41,464,000 for the same period last year. Net income for fully diluted shares was $22,663,000 or $0.07 diluted per share compared with $89,485,000 or $0.24 diluted per share for the same period last year. For the third quarter of 2014, the company expects revenues to be between approximately $410 million and $435 million, and this compares with $414.4 million. The company anticipates pretax earnings to be in the range of $52 million to $60 million, and this is versus $37.4 million last year. The company expects effective tax rate for distributable earnings to be around 15% as compared with 14.5%. The positive impact of its expense reduction program should become even more evident next quarter. The company expects pretax earnings to be up by 60% year-over-year with revenues up 5%.

Thomson Reuters Increases OTC Data Coverage Through Expanded Partnership with BGC Partners

Thomson Reuters announced a strategic agreement to expand customer access to over-the-counter (OTC) pricing data. BGC's OTC pricing data is now available to customers of Thomson Reuters Eikon, its financial markets desktop, Thomson Reuters Elektron Real Time, Tick History and DataScope Select, as well as BGC's trading system. The agreement incorporates a consolidated licensing solution aligned to individual clients' business models. As regulation in the OTC markets continues to evolve, financial markets professionals are increasingly looking for more accurate and timely OTC pricing data. Gaining access to real-time OTC pricing data alongside news and analytics tools provides traders with the information they need to better inform their trading strategies. Thomson Reuters Eikon and Elektron customers will benefit from access to the broad range of BGC Partners' OTC pricing data. This dataset covers a large number of asset classes and instruments, including: global fixed income, global interest rate swaps and options, covering developed and emerging markets and global credit derivative markets and global foreign exchange, including non-deliverable forwards (NDFs) and foreign exchange options (FXOs).

BGC Partners, Inc., Q2 2014 Earnings Call, Jul 31, 2014

BGC Partners, Inc., Q2 2014 Earnings Call, Jul 31, 2014

 

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Industry Analysis

BGCP

Industry Average

Valuation BGCP Industry Range
Price/Earnings 40.9x
Price/Sales 1.0x
Price/Book 4.0x
Price/Cash Flow 36.5x
TEV/Sales 0.2x
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