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. “
Separately, Barclays PLC lifted their price objective on KCG Holdings from $15.00 to $16.00 and gave the company an equal weight rating in a research note on Thursday, October 13th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $15.50.
KCG Holdings (NYSE:KCG) opened at 13.72 on Friday. The firm has a 50-day moving average of $14.84 and a 200-day moving average of $14.11. The company has a market capitalization of $1.17 billion, a P/E ratio of 21.74 and a beta of 1.50. 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 data on Thursday, October 20th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.21. The company earned $208.53 million during the quarter, compared to analysts’ expectations of $319.90 million. KCG Holdings had a net margin of 4.83% and a return on equity of 3.24%. The business’s quarterly revenue was down 44.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 EPS. On average, analysts anticipate that KCG Holdings will post $0.23 earnings per share for the current year.
A number of large investors have recently bought and sold shares of KCG. Prudential Financial Inc. acquired a new stake in KCG Holdings during the first quarter valued at $1,219,000. BlackRock Institutional Trust Company N.A. boosted its stake in KCG Holdings by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,283,410 shares of the company’s stock valued at $15,337,000 after buying an additional 6,596 shares during the last quarter. Spark Investment Management LLC acquired a new stake in KCG Holdings during the first quarter valued at $507,000. OMERS ADMINISTRATION Corp boosted its stake in KCG Holdings by 177.8% in the first quarter. OMERS ADMINISTRATION Corp now owns 35,003 shares of the company’s stock valued at $418,000 after buying an additional 22,403 shares during the last quarter. Finally, Adirondack Research & Management Inc. boosted its stake in KCG Holdings by 5.7% in the first quarter. Adirondack Research & Management Inc. now owns 513,928 shares of the company’s stock valued at $6,141,000 after buying an additional 27,500 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.
About KCG Holdings
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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