KCG Holdings Inc. (KCG) Hits New 1-Year High at $14.38
Shares of KCG Holdings Inc. (NYSE:KCG) reached a new 52-week high during trading on Monday . The company traded as high as $14.38 and last traded at $14.37, with a volume of 346,184 shares traded. The stock had previously closed at $13.96.
KCG has been the topic of a number of research reports. Zacks Investment Research upgraded shares of KCG Holdings from a “hold” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a report on Wednesday, May 18th. TheStreet upgraded shares of KCG Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, May 25th. Finally, Buckingham Research began coverage on shares of KCG Holdings in a report on Tuesday, June 7th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. KCG Holdings presently has a consensus rating of “Hold” and a consensus target price of $14.25.
The stock’s 50 day moving average price is $13.67 and its 200-day moving average price is $12.34. The stock has a market cap of $1.19 billion and a price-to-earnings ratio of 37.46.
KCG Holdings (NYSE:KCG) last issued its quarterly earnings data on Thursday, April 21st. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.19. During the same period in the prior year, the company earned $2.19 EPS. The company had revenue of $345.40 million for the quarter, compared to the consensus estimate of $696.20 million. The firm’s revenue was up 11.0% compared to the same quarter last year. Equities research analysts forecast that KCG Holdings Inc. will post $0.23 EPS for the current fiscal year.
Other large investors recently modified their holdings of the company. Nationwide Fund Advisors raised its stake 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 worth $1,145,000 after buying an additional 65,651 shares in the last quarter. SECOR Capital Advisors LP bought a new stake in shares of KCG Holdings during the fourth quarter worth approximately $1,352,000. Shell Asset Management Co. bought a new stake in shares of KCG Holdings during the fourth quarter worth approximately $2,079,000. PNC Financial Services Group Inc. raised its stake 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 worth $2,467,000 after buying an additional 29,287 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of KCG Holdings during the fourth quarter worth approximately $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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