KCG Holdings Inc. (KCG) Given Outperform Rating at Wells Fargo & Co.
Several other research firms have also commented on KCG. Zacks Investment Research upgraded KCG Holdings from a hold rating to a buy rating and set a $16.00 price target on the stock in a report on Wednesday, September 14th. TheStreet lowered KCG Holdings from a buy rating to a hold rating in a report on Tuesday, November 15th. Finally, Barclays PLC lifted their price target on KCG Holdings from $15.00 to $16.00 and gave the stock an equal weight rating in a report on Thursday, October 13th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. KCG Holdings currently has a consensus rating of Hold and a consensus target price of $15.33.
Shares of KCG Holdings (NYSE:KCG) opened at 14.52 on Tuesday. KCG Holdings has a 52-week low of $10.03 and a 52-week high of $15.70. The firm’s 50 day moving average is $14.01 and its 200 day moving average is $14.19. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 23.01 and a beta of 1.61.
KCG Holdings (NYSE:KCG) last posted its quarterly earnings results on Thursday, October 20th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.08 by $0.21. KCG Holdings had a return on equity of 3.26% and a net margin of 4.83%. The company had revenue of $208.53 million for the quarter, compared to analysts’ expectations of $319.90 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The firm’s revenue was down 44.7% on a year-over-year basis. Equities analysts expect that KCG Holdings will post $0.23 earnings per share for the current year.
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A number of institutional investors have recently added to or reduced their stakes in KCG. BlackRock Institutional Trust Company N.A. increased its position 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. Fox Run Management L.L.C. purchased a new position in KCG Holdings during the second quarter valued at $178,000. Strs Ohio purchased a new position in KCG Holdings during the second quarter valued at $758,000. Quantitative Systematic Strategies LLC increased its position in KCG Holdings by 31.3% in the second quarter. Quantitative Systematic Strategies LLC now owns 17,181 shares of the company’s stock valued at $224,000 after buying an additional 4,100 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in KCG Holdings by 18.8% in the second quarter. Bank of New York Mellon Corp now owns 418,869 shares of the company’s stock valued at $5,572,000 after buying an additional 66,147 shares in the last quarter. 81.96% of the stock is owned by institutional investors.
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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