Knight Capital Group major shareholder Sells $32,059 in Stock (KCG)
Knight Capital Group (NYSE:KCG) major shareholder Daniel V. Tierney 2011 Trust sold 2,710 shares of the company’s stock on the open market in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $11.83, for a total transaction of $32,059.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares 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, 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 given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $11.42.
Shares of Knight Capital Group (NYSE:KCG) traded up 1.03% on Wednesday, hitting $11.79. The stock had a trading volume of 157,913 shares. Knight Capital Group has a 52 week low of $8.11 and a 52 week high of $12.61. The stock’s 50-day moving average is $11.79 and its 200-day moving average is $9.87. The company has a market cap of $1.443 billion and a P/E ratio of 2.16.
Knight Capital Group (NYSE:KCG) last released its 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 previous year, the company posted ($6.30) earnings per share. The company’s revenue for the quarter was up 160.2% on a year-over-year basis. Analysts expect that Knight Capital Group will post $0.33 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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