Virginia Retirement Systems ET AL bought a new position in shares of KCG Holdings Inc. (NYSE:KCG) during the second quarter, Holdings Channel reports. The firm bought 35,000 shares of the company’s stock, valued at approximately $466,000.
A number of other large investors also recently made changes to their positions in the stock. Prudential Financial Inc. bought a new stake in shares of KCG Holdings during the first quarter worth $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 worth $15,337,000 after buying an additional 6,596 shares during the last quarter. 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 worth $885,000 after buying an additional 33,200 shares during the last quarter. Spark Investment Management LLC acquired a new stake in shares of KCG Holdings during the first quarter worth about $507,000. Finally, OMERS ADMINISTRATION Corp increased its stake in shares of KCG Holdings by 177.8% in the first quarter. OMERS ADMINISTRATION Corp now owns 35,003 shares of the company’s stock worth $418,000 after buying an additional 22,403 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.
KCG Holdings Inc. (NYSE:KCG) opened at 15.43 on Friday. The stock has a market capitalization of $1.33 billion, a P/E ratio of 15.60 and a beta of 1.50. The firm’s 50-day moving average is $14.72 and its 200-day moving average is $13.82. KCG Holdings Inc. has a 52 week low of $10.03 and a 52 week high of $15.70.
KCG Holdings (NYSE:KCG) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $319 million for the quarter, compared to analysts’ expectations of $280.16 million. During the same period last year, the company 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 research analysts predict that KCG Holdings Inc. will post $0.23 EPS for the current fiscal year.
A number of brokerages have recently issued reports on KCG. Barclays PLC set a $15.00 price objective on shares of KCG Holdings and gave the company a “hold” rating in a research report on Tuesday, August 9th. Zacks Investment Research raised shares of KCG Holdings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $15.25.
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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