KCG Holdings Inc. (KCG) Receives Average Recommendation of “Hold” from Brokerages
KCG Holdings Inc. (NYSE:KCG) has been given an average rating of “Hold” by the six research firms that are currently covering the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $15.33.
A number of brokerages have issued reports on KCG. Barclays PLC upped their price target on shares of KCG Holdings from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Thursday, October 13th. Zacks Investment Research lowered shares of KCG Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th.
KCG Holdings (NYSE:KCG) traded up 1.59% on Tuesday, hitting $15.35. 148,096 shares of the company were exchanged. The company has a market capitalization of $1.32 billion, a P/E ratio of 15.52 and a beta of 1.50. The firm’s 50 day moving average is $14.87 and its 200 day moving average is $14.00. KCG Holdings has a 52 week low of $10.03 and a 52 week high of $15.70.
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KCG Holdings (NYSE:KCG) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.32 by $0.06. The firm earned $319 million during the quarter, compared to analyst estimates of $280.16 million. KCG Holdings had a net margin of 6.75% and a return on equity of 7.42%. KCG Holdings’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.18) EPS. On average, equities research analysts forecast that KCG Holdings will post $0.23 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its stake in KCG Holdings by 52.7% in the second quarter. California State Teachers Retirement System now owns 110,016 shares of the company’s stock worth $1,463,000 after buying an additional 37,959 shares during the last quarter. Bank of New York Mellon Corp raised its stake in KCG Holdings by 18.8% in the second quarter. Bank of New York Mellon Corp now owns 418,869 shares of the company’s stock worth $5,572,000 after buying an additional 66,147 shares during the last quarter. Quantitative Systematic Strategies LLC raised its stake in KCG Holdings by 31.3% in the second quarter. Quantitative Systematic Strategies LLC now owns 17,181 shares of the company’s stock worth $224,000 after buying an additional 4,100 shares during the last quarter. Strs Ohio acquired a new stake in KCG Holdings during the second quarter worth $758,000. Finally, Fox Run Management L.L.C. acquired a new stake in KCG Holdings during the second quarter worth $178,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.
KCG Holdings Company Profile
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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