Bats Global Markets Inc (BATS) Major Shareholder Kcg Strategic Holdings Llc Sells 11,037,906 Shares of Stock
Bats Global Markets Inc (NASDAQ:BATS) major shareholder Kcg Strategic Holdings Llc sold 11,037,906 shares of the business’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $30.94, for a total transaction of $341,512,811.64. Following the completion of the transaction, the insider now directly owns 2,380,205 shares in the company, valued at $73,643,542.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Bats Global Markets Inc (NASDAQ:BATS) traded up 0.112% on Monday, reaching $31.255. 143,624 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $28.25 and its 200 day moving average is $26.12. Bats Global Markets Inc has a 1-year low of $22.40 and a 1-year high of $33.00.
Bats Global Markets (NASDAQ:BATS) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The business had revenue of $108.80 million for the quarter, compared to analyst estimates of $106.20 million. On average, equities analysts anticipate that Bats Global Markets Inc will post $1.42 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 13th. Stockholders of record on Wednesday, November 30th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date is Monday, November 28th.
Several equities analysts have issued reports on the stock. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $25.00 price objective on shares of Bats Global Markets in a research note on Wednesday, August 10th. Citigroup Inc. restated a “neutral” rating on shares of Bats Global Markets in a research report on Tuesday, October 25th. Zacks Investment Research upgraded shares of Bats Global Markets from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Wednesday, November 9th. Barclays PLC boosted their target price on shares of Bats Global Markets from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Friday, August 5th. Finally, Keefe, Bruyette & Woods lowered shares of Bats Global Markets from an “outperform” rating to a “market perform” rating in a research report on Monday, September 26th. Twelve analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Bats Global Markets presently has an average rating of “Hold” and a consensus target price of $537.17.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Advisors LLC acquired a new position in shares of Bats Global Markets during the second quarter worth approximately $108,000. Wells Fargo & Company MN acquired a new position in shares of Bats Global Markets during the third quarter worth approximately $110,000. Royce & Associates LP acquired a new position in shares of Bats Global Markets during the second quarter worth approximately $128,000. BlackRock Fund Advisors acquired a new position in shares of Bats Global Markets during the second quarter worth approximately $130,000. Finally, Sphinx Trading LP acquired a new position in shares of Bats Global Markets during the third quarter worth approximately $214,000.
About Bats Global Markets
BATS Global Markets, Inc (BATS) is an operator of exchanges and provider of services for financial markets. The Company facilitates securities trading and exchange traded products (ETP) listings for the United States and European equity securities and operates a United States options exchange. BATS serves the foreign exchange (FX) market, operating Hotspot, an institutional spot foreign exchange market.
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