KCG Holdings Inc. (NYSE:KCG) will be releasing its earnings data on Thursday, October 20th. Persons that wish to listen to the company’s earnings conference call can do so using this link.
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. The company 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 firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.18) earnings per share. On average, analysts expect KCG Holdings to post $0.23 EPS for the current fiscal year and $1.31 EPS for the next fiscal year.
KCG Holdings Inc. (NYSE:KCG) opened at 15.31 on Wednesday. The company’s 50-day moving average is $14.90 and its 200-day moving average is $14.02. KCG Holdings Inc. has a 12 month low of $10.03 and a 12 month high of $15.70. The company has a market cap of $1.32 billion, a P/E ratio of 15.48 and a beta of 1.50.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of KCG Holdings by 1.1% in the second quarter. Vanguard Group Inc. now owns 5,001,134 shares of the company’s stock worth $66,515,000 after buying an additional 55,134 shares in the last quarter. BlackRock Advisors LLC boosted its position in shares of KCG Holdings by 34.8% in the second quarter. BlackRock Advisors LLC now owns 25,552 shares of the company’s stock worth $340,000 after buying an additional 6,598 shares in the last quarter. BlackRock Investment Management LLC boosted its position in shares of KCG Holdings by 71.4% in the second quarter. BlackRock Investment Management LLC now owns 217,927 shares of the company’s stock worth $2,898,000 after buying an additional 90,749 shares in the last quarter. BlackRock Inc. boosted its position in shares of KCG Holdings by 499.7% in the second quarter. BlackRock Inc. now owns 16,029 shares of the company’s stock worth $214,000 after buying an additional 13,356 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its position in shares of KCG Holdings by 38.9% in the second quarter. BlackRock Fund Advisors now owns 1,382,960 shares of the company’s stock worth $18,393,000 after buying an additional 387,503 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.
Several equities analysts have recently weighed in on KCG shares. Zacks Investment Research raised shares of KCG Holdings from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Wednesday, September 14th. Barclays PLC lifted their target price on shares of KCG Holdings from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday, October 13th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $15.75.
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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