KCG Holdings Inc. (KCG) Rating Lowered to Sell at Zacks Investment Research
KCG Holdings Inc. (NYSE:KCG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a 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. “
Other equities analysts have also issued reports about the stock. Buckingham Research started coverage on shares of KCG Holdings in a research report on Tuesday, June 7th. They set a “buy” rating for the company. Barclays PLC set a $15.00 price objective on shares of KCG Holdings and gave the stock a “hold” rating in a research report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $15.25.
KCG Holdings (NYSE:KCG) opened at 15.45 on Tuesday. The stock has a market capitalization of $1.33 billion, a PE ratio of 15.62 and a beta of 1.50. The stock’s 50 day moving average is $14.65 and its 200 day moving average is $13.77. 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 data on Thursday, July 21st. The company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $319 million for the quarter, compared to analyst estimates of $280.16 million. During the same period in the prior year, the business posted ($0.18) earnings per share. KCG Holdings’s revenue was up 22.1% compared to the same quarter last year. Analysts forecast that KCG Holdings will post $0.23 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in KCG. Acadian Asset Management LLC increased its position in shares of KCG Holdings by 131.2% in the first quarter. Acadian Asset Management LLC now owns 68,020 shares of the company’s stock worth $813,000 after buying an additional 38,601 shares during the period. Prudential Financial Inc. bought a new stake in KCG Holdings during the first quarter worth about $1,219,000. 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 worth $15,337,000 after buying an additional 6,596 shares in the last quarter. Landscape Capital Management L.L.C. boosted its stake in KCG Holdings by 81.2% in the first quarter. Landscape Capital Management L.L.C. now owns 74,100 shares of the company’s stock worth $885,000 after buying an additional 33,200 shares in the last quarter. Finally, Spark Investment Management LLC bought a new stake in KCG Holdings during the first quarter worth about $507,000. 81.17% of the stock is owned by institutional investors.
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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