KCG Holdings Inc. (NYSE:KCG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Monday.
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. “
Several other brokerages also recently issued reports on KCG. Buckingham Research initiated coverage on shares of KCG Holdings in a research note on Tuesday, June 7th. They set a “buy” rating on the stock. Barclays PLC set a $15.00 price objective on shares of KCG Holdings and gave the company a “hold” rating in a research note on Tuesday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $15.25.
Shares of KCG Holdings (NYSE:KCG) traded down 0.90% during trading on Monday, hitting $15.46. 600,206 shares of the company were exchanged. The stock has a market cap of $1.33 billion, a P/E ratio of 15.63 and a beta of 1.52. KCG Holdings has a 12 month low of $10.03 and a 12 month high of $15.70. The company’s 50-day moving average price is $14.57 and its 200 day moving average price is $13.63.
KCG Holdings (NYSE:KCG) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.06. The business had revenue of $319 million for the quarter, compared to the consensus estimate of $280.16 million. KCG Holdings had a net margin of 6.75% and a return on equity of 7.42%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. On average, equities analysts predict that KCG Holdings will post $0.23 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Fox Run Management L.L.C. acquired a new position in shares of KCG Holdings during the second quarter worth approximately $178,000. BlackRock Institutional Trust Company N.A. increased its position 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 worth $15,337,000 after buying an additional 6,596 shares in the last quarter. Geode Capital Management LLC increased its position in shares of KCG Holdings by 5.7% in the first quarter. Geode Capital Management LLC now owns 404,316 shares of the company’s stock worth $4,831,000 after buying an additional 21,891 shares in the last quarter. Prudential Financial Inc. acquired a new position in shares of KCG Holdings during the first quarter worth approximately $1,219,000. Finally, Spark Investment Management LLC acquired a new position in shares of KCG Holdings during the first quarter worth approximately $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.
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