KCG Holdings Inc. (KCG) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of KCG Holdings Inc. (NYSE:KCG) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning. They currently have $16.00 price target on the stock.
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. “
KCG has been the topic of a number of other reports. Buckingham Research initiated coverage on shares of KCG Holdings in a research note on Tuesday, June 7th. They issued a buy rating on the stock. TheStreet raised shares of KCG Holdings from a hold rating to a buy rating in a research note on Wednesday, May 25th. Finally, Barclays PLC set a $15.00 price objective on shares of KCG Holdings and gave the company a hold rating in a research note on Tuesday, August 9th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. KCG Holdings has an average rating of Buy and an average target price of $15.25.
Shares of KCG Holdings (NYSE:KCG) opened at 14.14 on Wednesday. The firm’s 50-day moving average is $14.67 and its 200 day moving average is $13.40. KCG Holdings has a 52 week low of $10.03 and a 52 week high of $15.21. The firm has a market capitalization of $1.22 billion, a P/E ratio of 14.30 and a beta of 1.52.
KCG Holdings (NYSE:KCG) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. The business earned $319 million during the quarter, compared to analyst estimates of $280.16 million. KCG Holdings had a net margin of 6.75% and a return on equity of 7.42%. KCG Holdings’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.18) earnings per share. Equities research analysts forecast that KCG Holdings will post $0.23 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of KCG Holdings during the second quarter worth $107,000. Legal & General Group Plc boosted its position in shares of KCG Holdings by 4.9% in the second quarter. Legal & General Group Plc now owns 9,350 shares of the company’s stock worth $123,000 after buying an additional 438 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of KCG Holdings by 71.3% in the second quarter. Teacher Retirement System of Texas now owns 9,521 shares of the company’s stock worth $127,000 after buying an additional 3,962 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of KCG Holdings during the second quarter worth $128,000. Finally, Stevens Capital Management LP purchased a new position in shares of KCG Holdings during the second quarter worth $153,000. 81.35% of the stock is currently 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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