KCG Holdings, Inc. (KCG) Raised to Hold at Zacks Investment Research
KCG Holdings, Inc. (NYSE:KCG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday.
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. “
Several other research firms have also commented on KCG. ValuEngine upgraded KCG Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Sandler O’Neill lowered KCG Holdings from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. Wells Fargo & Company lowered KCG Holdings from an “outperform” rating to a “market perform” rating in a research note on Monday, April 3rd. Finally, Buckingham Research lowered KCG Holdings from a “buy” rating to a “neutral” rating and set a $20.00 price objective for the company. in a research note on Thursday, April 20th. Five investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. KCG Holdings currently has an average rating of “Hold” and an average target price of $17.33.
KCG Holdings (NYSE:KCG) traded up 0.10% during mid-day trading on Thursday, reaching $19.90. The company’s stock had a trading volume of 1,475,310 shares. KCG Holdings has a 12-month low of $12.21 and a 12-month high of $19.96. The firm has a market cap of $1.25 billion, a PE ratio of 7.21 and a beta of 1.50. The company has a 50-day moving average price of $19.87 and a 200-day moving average price of $16.41.
KCG Holdings (NYSE:KCG) last posted its quarterly earnings data on Thursday, April 20th. The financial services provider reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.09. The firm had revenue of $255.40 million during the quarter, compared to analyst estimates of $250.75 million. KCG Holdings had a return on equity of 15.36% and a net margin of 16.25%. KCG Holdings’s revenue was down 26.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. On average, equities research analysts expect that KCG Holdings will post $0.23 earnings per share for the current year.
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In other KCG Holdings news, General Counsel John A. Mccarthy sold 26,951 shares of the stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $19.94, for a total value of $537,402.94. Following the completion of the sale, the general counsel now owns 61,829 shares in the company, valued at approximately $1,232,870.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Nick Ogurtsov sold 58,549 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $19.85, for a total value of $1,162,197.65. The disclosure for this sale can be found here. Corporate insiders own 9.40% of the company’s stock.
Large investors have recently modified their holdings of the company. O Shaughnessy Asset Management LLC acquired a new stake in shares of KCG Holdings during the first quarter worth about $115,000. FJ Capital Management LLC acquired a new stake in shares of KCG Holdings during the fourth quarter worth about $138,000. Guggenheim Capital LLC acquired a new stake in shares of KCG Holdings during the fourth quarter worth about $159,000. Yorktown Management & Research Co Inc acquired a new stake in shares of KCG Holdings during the first quarter worth about $193,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of KCG Holdings during the first quarter worth about $212,000. Institutional investors and hedge funds own 78.10% 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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