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 weighed in on KCG. Buckingham Research began coverage on shares of KCG Holdings in a research report on Tuesday, June 7th. They issued a buy rating on the stock. Barclays PLC set a $15.00 price objective on shares of KCG Holdings and gave the stock a hold rating in a research report on Tuesday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. KCG Holdings presently has a consensus rating of Hold and a consensus price target of $15.25.
Shares of KCG Holdings (NYSE:KCG) opened at 15.39 on Tuesday. The company has a market capitalization of $1.33 billion, a PE ratio of 15.56 and a beta of 1.50. KCG Holdings has a 52-week low of $10.03 and a 52-week high of $15.70. The firm’s 50-day moving average price is $14.67 and its 200 day moving average price is $13.79.
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. KCG Holdings had a net margin of 6.75% and a return on equity of 7.42%. The firm earned $319 million during the quarter, compared to the consensus estimate of $280.16 million. During the same quarter last year, the firm earned ($0.18) EPS. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, equities analysts forecast that KCG Holdings will post $0.23 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of KCG. Acadian Asset Management LLC raised its position in shares of KCG Holdings by 131.2% in the first quarter. Acadian Asset Management LLC now owns 68,020 shares of the company’s stock valued at $813,000 after buying an additional 38,601 shares during the last quarter. Prudential Financial Inc. acquired a new position in shares of KCG Holdings during the first quarter valued at about $1,219,000. BlackRock Institutional Trust Company N.A. increased its stake in shares of 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 period. Landscape Capital Management L.L.C. increased its stake in shares of KCG Holdings by 81.2% in the first quarter. Landscape Capital Management L.L.C. now owns 74,100 shares of the company’s stock valued at $885,000 after buying an additional 33,200 shares during the period. Finally, Spark Investment Management LLC purchased a new stake in shares of KCG Holdings during the first quarter valued at $507,000. 81.17% of the stock is currently owned by institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for KCG Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KCG Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.