According to Zacks, “KCG Holdings, Inc. is a securities firm. It operates in three segments: Market Making, Global Execution Services and Corporate and Other. The company offers investors a range of services which designed to address trading needs across asset classes, product types and time zones. KCG Holdings, Inc. is headquartered in Jersey City, New Jersey. “
A number of other analysts have also recently commented on the stock. Barclays PLC set a $15.00 price target on shares of KCG Holdings and gave the company a hold rating in a research note on Tuesday, August 9th. Buckingham Research assumed coverage on shares of KCG Holdings in a report on Tuesday, June 7th. They set a buy rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. KCG Holdings presently has an average rating of Hold and a consensus price target of $15.25.
KCG Holdings (NYSE:KCG) opened at 15.35 on Monday. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 15.52 and a beta of 1.52. The stock’s 50 day moving average is $14.61 and its 200-day moving average is $13.68. KCG Holdings has a one year low of $10.03 and a one year high of $15.70.
KCG Holdings (NYSE:KCG) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.06. The company had revenue of $319 million for the quarter, compared to analysts’ expectations of $280.16 million. KCG Holdings had a net margin of 6.75% and a return on equity of 7.42%. KCG Holdings’s revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.18) EPS. On average, equities research analysts expect that KCG Holdings will post $0.23 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of KCG. Quantitative Systematic Strategies LLC raised its position in shares of KCG Holdings by 31.3% in the second quarter. Quantitative Systematic Strategies LLC now owns 17,181 shares of the company’s stock worth $224,000 after buying an additional 4,100 shares during the last quarter. Strs Ohio bought a new position in shares of KCG Holdings during the second quarter worth approximately $758,000. Fox Run Management L.L.C. bought a new position in shares of KCG Holdings during the second quarter worth approximately $178,000. Schonfeld Strategic Advisors LLC bought a new position in shares of KCG Holdings during the first quarter worth approximately $241,000. Finally, Renaissance Technologies LLC bought a new position in shares of KCG Holdings during the first quarter worth approximately $482,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.
KCG Holdings Company Profile
KCG Holdings, Inc is a holding company. The Company is an independent securities company offering investors a range of services designed to address trading needs across asset classes, product types and time zones. The Company combines technology with client service across market making, agency execution and venues.
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