KCG Holdings Inc. (NYSE:KCG) had its price objective raised by stock analysts at Barclays PLC from $15.00 to $16.00 in a report released on Thursday. The brokerage currently has an “equal weight” rating on the stock. Barclays PLC’s target price would indicate a potential upside of 5.82% from the stock’s current price.
Separately, Zacks Investment Research downgraded KCG Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, September 20th. 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’s stock. KCG Holdings presently has a consensus rating of “Hold” and an average price target of $15.50.
Shares of KCG Holdings (NYSE:KCG) opened at 15.12 on Thursday. The firm has a 50-day moving average price of $14.85 and a 200 day moving average price of $13.95. KCG Holdings has a 12 month low of $10.03 and a 12 month high of $15.70. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 15.29 and a beta of 1.50.
KCG Holdings (NYSE:KCG) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.06. KCG Holdings had a return on equity of 7.42% and a net margin of 6.75%. The business had revenue of $319 million for the quarter, compared to the consensus estimate of $280.16 million. During the same period last year, the business earned ($0.18) EPS. The firm’s revenue was up 22.1% compared to the same quarter last year. On average, analysts anticipate that KCG Holdings will post $0.23 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of KCG. Quantbot Technologies LP acquired a new position in shares of KCG Holdings during the second quarter valued at approximately $107,000. Legal & General Group Plc increased its position in shares of KCG Holdings by 4.9% in the second quarter. Legal & General Group Plc now owns 9,350 shares of the company’s stock valued at $123,000 after buying an additional 438 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of KCG Holdings by 71.3% in the second quarter. Teacher Retirement System of Texas now owns 9,521 shares of the company’s stock valued at $127,000 after buying an additional 3,962 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of KCG Holdings during the second quarter valued at approximately $128,000. Finally, Stevens Capital Management LP acquired a new position in shares of KCG Holdings during the second quarter valued at approximately $153,000. 81.17% of the stock is currently owned by 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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