KCG Holdings, Inc. (KCG) Downgraded by Zacks Investment Research
KCG Holdings, Inc. (NYSE:KCG) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and 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. “
A number of other equities research analysts have also weighed in on KCG. Wells Fargo & Company lowered KCG Holdings from an “outperform” rating to a “market perform” rating in a report on Monday, April 3rd. Buckingham Research lowered KCG Holdings from a “buy” rating to a “neutral” rating and set a $20.00 price objective on the stock. in a report on Thursday, April 20th. Sandler O’Neill lowered KCG Holdings from a “buy” rating to a “hold” rating in a report on Monday, April 24th. ValuEngine raised KCG Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Finally, BidaskClub downgraded shares of KCG Holdings from a “hold” rating to a “sell” rating in a research report on Sunday. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company. KCG Holdings presently has a consensus rating of “Hold” and a consensus target price of $17.33.
Shares of KCG Holdings (NYSE:KCG) traded down 0.10% during trading on Tuesday, hitting $19.97. The stock had a trading volume of 208,083 shares. The stock’s 50-day moving average is $19.92 and its 200-day moving average is $17.39. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 7.24 and a beta of 1.50. KCG Holdings has a 12-month low of $12.21 and a 12-month high of $20.02.
KCG Holdings (NYSE:KCG) last announced its quarterly earnings data on Thursday, April 20th. The financial services provider reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.09. KCG Holdings had a return on equity of 15.36% and a net margin of 16.25%. The company had revenue of $255.40 million for the quarter, compared to analyst estimates of $250.75 million. During the same quarter in the previous year, the company earned $0.41 EPS. The firm’s revenue for the quarter was down 26.1% compared to the same quarter last year. On average, equities research analysts expect that KCG Holdings will post $0.23 EPS for the current year.
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In other KCG Holdings news, COO Nick Ogurtsov sold 58,549 shares of the business’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel John A. Mccarthy sold 26,951 shares of the business’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $19.94, for a total value of $537,402.94. Following the completion of the transaction, the general counsel now owns 61,829 shares of the company’s stock, valued at $1,232,870.26. The disclosure for this sale can be found here. Insiders own 9.40% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of KCG Holdings by 39.3% in the first quarter. Vanguard Group Inc. now owns 6,620,978 shares of the financial services provider’s stock valued at $118,052,000 after buying an additional 1,868,898 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of KCG Holdings by 102.4% in the second quarter. JPMorgan Chase & Co. now owns 1,755,436 shares of the financial services provider’s stock valued at $23,346,000 after buying an additional 888,300 shares in the last quarter. Numeric Investors LLC boosted its stake in shares of KCG Holdings by 55.8% in the fourth quarter. Numeric Investors LLC now owns 2,135,060 shares of the financial services provider’s stock valued at $26,283,000 after buying an additional 764,276 shares in the last quarter. UBS Oconnor LLC boosted its stake in shares of KCG Holdings by 1,208.4% in the fourth quarter. UBS Oconnor LLC now owns 785,043 shares of the financial services provider’s stock valued at $9,664,000 after buying an additional 725,043 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of KCG Holdings during the first quarter valued at about $12,047,000. Institutional investors own 82.43% 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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