KCG Holdings Inc. (KCG) Sets New 12-Month High at $14.38
KCG Holdings Inc. (NYSE:KCG) reached a new 52-week high during trading on Monday . The stock traded as high as $14.38 and last traded at $14.37, with a volume of 346,184 shares changing hands. The stock had previously closed at $13.96.
Several research firms recently commented on KCG. Zacks Investment Research cut KCG Holdings from a “hold” rating to a “sell” rating in a research report on Thursday. Buckingham Research began coverage on KCG Holdings in a report on Tuesday, June 7th. They issued a “buy” rating on the stock. Finally, TheStreet raised KCG Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, May 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. KCG Holdings presently has a consensus rating of “Hold” and an average target price of $14.25.
The company has a market cap of $1.19 billion and a PE ratio of 37.54. The company has a 50-day moving average of $13.64 and a 200-day moving average of $12.31.
KCG Holdings (NYSE:KCG) last issued its quarterly earnings data on Thursday, April 21st. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.19. During the same quarter in the prior year, the firm earned $2.19 earnings per share. The company had revenue of $345.40 million for the quarter, compared to analyst estimates of $696.20 million. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts expect that KCG Holdings Inc. will post $0.23 EPS for the current fiscal year.
Several hedge funds and institutional investors recently modified their holdings of the company. Nationwide Fund Advisors increased its position in shares of KCG Holdings by 239.8% in the fourth quarter. Nationwide Fund Advisors now owns 93,029 shares of the company’s stock valued at $1,145,000 after buying an additional 65,651 shares in the last quarter. SECOR Capital Advisors LP acquired a new position in shares of KCG Holdings during the fourth quarter valued at $1,352,000. Shell Asset Management Co. acquired a new position in shares of KCG Holdings during the fourth quarter valued at $2,079,000. PNC Financial Services Group Inc. increased its position in shares of KCG Holdings by 17.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 200,384 shares of the company’s stock valued at $2,467,000 after buying an additional 29,287 shares during the period. Finally, Robeco Institutional Asset Management B.V. acquired a new position in shares of KCG Holdings during the fourth quarter valued at $2,542,000.
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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