KCG Holdings Inc. (KCG) Reaches New 12-Month High at $15.21
KCG Holdings Inc. (NYSE:KCG)’s share price reached a new 52-week high on Monday . The company traded as high as $15.21 and last traded at $15.09, with a volume of 85,984 shares traded. The stock had previously closed at $15.13.
A number of equities analysts have weighed in on KCG shares. Zacks Investment Research upgraded shares of KCG Holdings from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Wednesday, April 27th. Buckingham Research began coverage on shares of KCG Holdings in a research report on Tuesday, June 7th. They set a “buy” rating for the company. Finally, TheStreet upgraded shares of KCG Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, May 25th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $14.25.
The company has a market capitalization of $1.30 billion and a PE ratio of 15.31. The firm has a 50-day moving average price of $13.85 and a 200 day moving average price of $12.49.
KCG Holdings (NYSE:KCG) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. The business had revenue of $319 million for the quarter, compared to analysts’ expectations of $280.16 million. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.18) earnings per share. Equities research analysts expect that KCG Holdings Inc. will post $0.23 EPS for the current year.
A number of institutional investors have bought and sold shares of KCG. Marshall Wace LLP raised its position in KCG Holdings by 1,654.1% in the fourth quarter. Marshall Wace LLP now owns 610,509 shares of the company’s stock worth $7,515,000 after buying an additional 575,704 shares in the last quarter. UBS Oconnor LLC raised its position in KCG Holdings by 1,208.4% in the fourth quarter. UBS Oconnor LLC now owns 785,043 shares of the company’s stock worth $9,664,000 after buying an additional 725,043 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in KCG Holdings during the fourth quarter worth about $2,542,000. Finally, Nationwide Fund Advisors raised its position in 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.
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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