Knight Capital Group Major Shareholder Sells $1,458,433 in Stock (KCG)
Knight Capital Group (NYSE:KCG) major shareholder Daniel V. Tierney 2011 Trust sold 119,348 shares of Knight Capital Group stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $12.22, for a total transaction of $1,458,432.56. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Several analysts have recently commented on the stock. 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, January 2nd. 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 company’s stock. Knight Capital Group currently has a consensus rating of “Buy” and a consensus price target of $11.42.
Knight Capital Group (NYSE:KCG) remained flat at $12.42 during trading on Tuesday. The stock had a trading volume of 689,327 shares. Knight Capital Group has a 1-year low of $8.11 and a 1-year high of $12.48. The stock has a 50-day moving average of $11.52 and a 200-day moving average of $9.71. The company has a market cap of $1.521 billion and a price-to-earnings ratio of 2.30.
Knight Capital Group (NYSE:KCG) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.86 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that Knight Capital Group will post $0.34 EPS 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.
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