KCG Holdings Inc. (KCG) Upgraded to “Hold” by Zacks Investment Research
KCG Holdings Inc. (NYSE:KCG) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “KCG Holdings, Inc. is a securities firm. It operates in three segments: Market Making, Global Execution Services and Corporate and Other. The company offers investors a range of services which designed to address trading needs across asset classes, product types and time zones. KCG Holdings, Inc. is headquartered in Jersey City, New Jersey. “
KCG has been the topic of several other research reports. Buckingham Research began coverage on KCG Holdings in a report on Tuesday, June 7th. They set a “buy” rating on the stock. TheStreet upgraded shares of KCG Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, May 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. KCG Holdings presently has a consensus rating of “Hold” and a consensus target price of $15.50.
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Shares of KCG Holdings (NYSE:KCG) traded up 0.40% on Tuesday, hitting $15.12. The company’s stock had a trading volume of 230,035 shares. The stock’s 50 day moving average is $14.85 and its 200-day moving average is $13.95. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 15.29 and a beta of 1.50. KCG Holdings has a 52 week low of $10.03 and a 52 week high of $15.70.
KCG Holdings (NYSE:KCG) last announced its earnings results on Thursday, July 21st. The company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.06. KCG Holdings had a return on equity of 7.42% and a net margin of 6.75%. The firm had revenue of $319 million for the quarter, compared to analysts’ expectations of $280.16 million. During the same quarter in the previous year, the company earned ($0.18) earnings per share. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, equities research analysts anticipate that KCG Holdings will post $0.23 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of KCG. Legal & General Group Plc boosted its position in KCG Holdings by 4.9% in the second quarter. Legal & General Group Plc now owns 9,350 shares of the company’s stock valued at $123,000 after buying an additional 438 shares during the last quarter. Teacher Retirement System of Texas boosted its position in KCG Holdings by 71.3% in the second quarter. Teacher Retirement System of Texas now owns 9,521 shares of the company’s stock valued at $127,000 after buying an additional 3,962 shares during the last quarter. Quantitative Systematic Strategies LLC boosted its position in KCG Holdings by 31.3% in the second quarter. Quantitative Systematic Strategies LLC now owns 17,181 shares of the company’s stock valued at $224,000 after buying an additional 4,100 shares during the last quarter. BlackRock Group LTD boosted its position in KCG Holdings by 29.4% in the first quarter. BlackRock Group LTD now owns 23,385 shares of the company’s stock valued at $280,000 after buying an additional 5,312 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in KCG Holdings by 12.7% in the second quarter. UBS Asset Management Americas Inc. now owns 54,003 shares of the company’s stock valued at $719,000 after buying an additional 6,086 shares in the last quarter. Hedge funds and other institutional investors own 81.17% 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.
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