Knight Capital Group Major Shareholder Sells $735,634 in Stock (KCG)
Knight Capital Group (NYSE:KCG) major shareholder Daniel V. Tierney 2011 Trust sold 61,870 shares of the stock on the open market in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $11.89, for a total value of $735,634.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
KCG has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Knight Capital Group from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday. They now have a $13.10 price target on the stock. Separately, analysts at Compass Point raised their price target on shares of Knight Capital Group from $11.00 to $14.00 in a research note to investors on Thursday, December 12th. They now have a “buy” rating on the stock. Finally, analysts at Evercore Partners upgraded shares of Knight Capital Group from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, December 9th. They now have a $13.50 price target on the stock, up previously from $10.00. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $11.42.
Knight Capital Group (NYSE:KCG) opened at 12.01 on Friday. Knight Capital Group has a 52 week low of $8.11 and a 52 week high of $12.17. The stock’s 50-day moving average is $11.38 and its 200-day moving average is $9.67. The company has a market cap of $1.470 billion and a P/E ratio of 2.23.
Knight Capital Group (NYSE:KCG) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.81. The company had revenue of $339.80 million for the quarter, compared to the consensus estimate of $130.60 million. During the same quarter in the prior year, the company posted ($6.30) earnings per share. The company’s quarterly revenue was up 160.2% on a year-over-year basis. On average, analysts predict that Knight Capital Group will post $0.34 earnings per share for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.