KCG Holdings Inc. (KCG) Stock Rating Upgraded by Zacks Investment Research
KCG Holdings Inc. (NYSE:KCG) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research report issued on Wednesday. The firm presently has a $17.00 price objective on the stock. Zacks Investment Research’s target price would suggest a potential upside of 11.04% from the company’s current price.
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. “
Separately, Barclays PLC upped their price objective 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. KCG Holdings currently has an average rating of “Buy” and an average target price of $15.75.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/19/kcg-holdings-inc-kcg-stock-rating-upgraded-by-zacks-investment-research.html
KCG Holdings (NYSE:KCG) opened at 15.31 on Wednesday. The stock has a market cap of $1.32 billion, a PE ratio of 15.48 and a beta of 1.50. The firm has a 50-day moving average of $14.90 and a 200 day moving average of $14.02. KCG Holdings has a 12 month low of $10.03 and a 12 month high of $15.70.
KCG Holdings (NYSE:KCG) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.06. KCG Holdings had a net margin of 6.75% and a return on equity of 7.42%. The company had revenue of $319 million for the quarter, compared to the consensus estimate of $280.16 million. During the same quarter in the prior year, the firm earned ($0.18) earnings per share. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. Analysts anticipate that KCG Holdings will post $0.23 EPS for the current year.
Several hedge funds have recently bought and sold shares of the company. Fox Run Management L.L.C. bought a new stake in KCG Holdings during the second quarter valued at approximately $178,000. BlackRock Institutional Trust Company N.A. boosted its stake in KCG Holdings by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,283,410 shares of the company’s stock valued at $15,337,000 after buying an additional 6,596 shares in the last quarter. Prudential Financial Inc. bought a new stake in KCG Holdings during the first quarter valued at approximately $1,219,000. Spark Investment Management LLC bought a new stake in KCG Holdings during the first quarter valued at approximately $507,000. Finally, GSA Capital Partners LLP bought a new stake in KCG Holdings during the second quarter valued at approximately $441,000. Institutional investors and hedge funds 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for KCG Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KCG Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.