Insider Selling: Knight Capital Group major shareholder Sells 59,257 Shares of Stock (KCG)
Knight Capital Group (NYSE:KCG) major shareholder Daniel V. Tierney 2011 Trust sold 59,257 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $11.82, for a total value of $700,417.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
A number of analysts have recently weighed in on KCG shares. 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. The company currently has an average rating of “Buy” and an average price target of $11.42.
Knight Capital Group (NYSE:KCG) last released its earnings data on Wednesday, October 30th. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters 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.
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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