Bgc Partners INC (BGCP) Shareholder Point72 Asset Management LP Lowered Position as Stock Price Rose

BGC Partners, Inc. (NASDAQ:BGCP) LogoInvestors sentiment increased to 1.4 in Q2 2019. Its up 0.12, from 1.28 in 2019Q1. It increased, as 29 investors sold BGCP shares while 43 reduced holdings. 34 funds opened positions while 67 raised stakes. 167.35 million shares or 1.30% more from 165.20 million shares in 2019Q1 were reported. Schnieders Capital Mngmt Ltd Liability Co holds 11,750 shares. Brown Brothers Harriman holds 0.12% or 3.50 million shares. 1,450 are owned by Stevens First Principles Inv Advsrs. Etrade Cap Mngmt Limited Liability Corp has invested 0.02% in BGC Partners, Inc. (NASDAQ:BGCP). Stone Ridge Asset Limited Liability owns 95,500 shares for 0.03% of their portfolio. Voya Management Ltd Liability Co accumulated 50,790 shares. Lpl Financial Limited Liability Corp has invested 0% of its portfolio in BGC Partners, Inc. (NASDAQ:BGCP). Shikiar Asset Mngmt Incorporated has invested 0.54% of its portfolio in BGC Partners, Inc. (NASDAQ:BGCP). Moreover, Alberta has 0.05% invested in BGC Partners, Inc. (NASDAQ:BGCP) for 980,824 shares. Bessemer Gru holds 0% of its portfolio in BGC Partners, Inc. (NASDAQ:BGCP) for 42,200 shares. California State Teachers Retirement Sys invested 0% in BGC Partners, Inc. (NASDAQ:BGCP). Barclays Plc stated it has 181,776 shares. First Advisors Ltd Partnership holds 0.02% in BGC Partners, Inc. (NASDAQ:BGCP) or 1.87 million shares. Parametric Port Associate Ltd Liability Com has 2.25 million shares for 0.01% of their portfolio. Wells Fargo & Mn holds 0% of its portfolio in BGC Partners, Inc. (NASDAQ:BGCP) for 476,997 shares.

Point72 Asset Management Lp decreased its stake in Bgc Partners Inc (BGCP) by 17.65% based on its latest 2019Q2 regulatory filing with the SEC. Point72 Asset Management Lp sold 2.35M shares as the company’s stock rose 1.85% . The hedge fund held 10.95 million shares of the finance company at the end of 2019Q2, valued at $57.25 million, down from 13.29 million at the end of the previous reported quarter. Point72 Asset Management Lp who had been investing in Bgc Partners Inc for a number of months, seems to be less bullish one the $1.95 billion market cap company. The stock decreased 0.35% or $0.02 during the last trading session, reaching $5.66. About 1.66 million shares traded. BGC Partners, Inc. (NASDAQ:BGCP) has declined 19.01% since September 13, 2018 and is downtrending. It has underperformed by 19.01% the S&P500.

Point72 Asset Management Lp, which manages about $19.11B US Long portfolio, upped its stake in Caci Intl Inc (NYSE:CACI) by 97,141 shares to 129,163 shares, valued at $26.43M in 2019Q2, according to the filing. It also increased its holding in Textron Inc (NYSE:TXT) by 249,160 shares in the quarter, for a total of 291,760 shares, and has risen its stake in Madrigal Pharmaceuticals Inc.

Analysts await BGC Partners, Inc. (NASDAQ:BGCP) to report earnings on October, 24. They expect $0.15 EPS, down 64.29 % or $0.27 from last year’s $0.42 per share. BGCP’s profit will be $51.76 million for 9.43 P/E if the $0.15 EPS becomes a reality. After $0.17 actual EPS reported by BGC Partners, Inc. for the previous quarter, Wall Street now forecasts -11.76 % negative EPS growth.

More notable recent BGC Partners, Inc. (NASDAQ:BGCP) news were published by: Fool.com which released: “2 Stocks We’re Watching Right Now – The Motley Fool” on August 22, 2019, also Nasdaq.com with their article: “BGC Partners, Inc. (BGCP) Ex-Dividend Date Scheduled for August 13, 2019 – Nasdaq” published on August 12, 2019, Prnewswire.com published: “BGC Partners’ & Cantor Fitzgerald’s Charity Day Drives Impact & Inspires Unity – PRNewswire” on September 13, 2019. More interesting news about BGC Partners, Inc. (NASDAQ:BGCP) were released by: Nasdaq.com and their article: “Financial Sector Update for 03/29/2019: WASH,WFC,BGCP,JEF – Nasdaq” published on March 29, 2019 as well as Nasdaq.com‘s news article titled: “BGC Partners, Inc. (BGCP) Ex-Dividend Date Scheduled for May 23, 2019 – Nasdaq” with publication date: May 22, 2019.

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