KCG Holdings, Inc. (KCG) Position Decreased by Nationwide Fund Advisors

Nationwide Fund Advisors cut its position in shares of KCG Holdings, Inc. (NYSE:KCG) by 66.8% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 39,527 shares of the financial services provider’s stock after selling 79,695 shares during the period. Nationwide Fund Advisors’ holdings in KCG Holdings were worth $705,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FJ Capital Management LLC acquired a new position in KCG Holdings during the fourth quarter worth about $138,000. Guggenheim Capital LLC acquired a new position in KCG Holdings during the fourth quarter worth about $159,000. WFG Advisors LP boosted its position in KCG Holdings by 9,900.0% in the fourth quarter. WFG Advisors LP now owns 3,300 shares of the financial services provider’s stock worth $237,000 after buying an additional 3,267 shares during the last quarter. Trexquant Investment LP acquired a new position in KCG Holdings during the fourth quarter worth about $304,000. Finally, GSA Capital Partners LLP boosted its position in KCG Holdings by 2.7% in the fourth quarter. GSA Capital Partners LLP now owns 23,890 shares of the financial services provider’s stock worth $317,000 after buying an additional 623 shares during the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for KCG Holdings (NYSE:KCG)

KCG Holdings, Inc. (KCG) opened at 19.91 on Wednesday. The firm has a market capitalization of $1.25 billion, a PE ratio of 7.22 and a beta of 1.50. KCG Holdings, Inc. has a 1-year low of $12.21 and a 1-year high of $19.97. The firm has a 50-day moving average price of $19.87 and a 200-day moving average price of $16.53.

KCG Holdings (NYSE:KCG) last issued its earnings results on Thursday, April 20th. The financial services provider reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.09. The company had revenue of $255.40 million during the quarter, compared to the consensus estimate of $250.75 million. KCG Holdings had a return on equity of 15.36% and a net margin of 16.25%. The firm’s revenue for the quarter was down 26.1% compared to the same quarter last year. During the same period last year, the business posted $0.41 EPS. Equities analysts expect that KCG Holdings, Inc. will post $0.23 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “KCG Holdings, Inc. (KCG) Position Decreased by Nationwide Fund Advisors” was originally posted by Mideast Time and is the sole property of of Mideast Time. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://www.mideasttime.com/kcg-holdings-inc-kcg-position-decreased-by-nationwide-fund-advisors/1797850.html.

A number of research firms have issued reports on KCG. Buckingham Research cut KCG Holdings from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a research note on Thursday, April 20th. Zacks Investment Research cut KCG Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, April 22nd. ValuEngine raised KCG Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Wells Fargo & Co cut KCG Holdings from an “outperform” rating to a “market perform” rating in a research note on Monday, April 3rd. Finally, Sandler O’Neill cut KCG Holdings from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. KCG Holdings presently has an average rating of “Hold” and an average target price of $17.33.

In other news, General Counsel John A. Mccarthy sold 26,951 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $19.94, for a total value of $537,402.94. Following the completion of the sale, the general counsel now directly owns 61,829 shares in the company, valued at approximately $1,232,870.26. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Nick Ogurtsov sold 58,549 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $19.85, for a total value of $1,162,197.65. The disclosure for this sale can be found here. Company insiders own 9.40% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “KCG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding KCG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KCG Holdings, Inc. (NYSE:KCG).

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.



Leave a Reply

 
© 2006-2017 Mideast Time.