KCG Holdings Inc. (KCG) Sets New 52-Week High at $15.21
KCG Holdings Inc. (NYSE:KCG)’s share price hit a new 52-week high during mid-day trading on Monday . The stock 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 research analysts have issued reports on the company. Zacks Investment Research upgraded KCG Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Buckingham Research assumed coverage on KCG Holdings in a research note on Tuesday, June 7th. They issued a “buy” rating on the stock. Finally, TheStreet upgraded KCG Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, May 25th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. KCG Holdings presently has a consensus rating of “Hold” and a consensus price target of $14.25.
The firm has a market cap of $1.27 billion and a P/E ratio of 14.96. The company’s 50-day moving average price is $13.93 and its 200 day moving average price is $12.57.
KCG Holdings (NYSE:KCG) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.06. The business earned $319 million during the quarter, compared to the consensus estimate of $280.16 million. During the same period in the prior year, the firm earned ($0.18) earnings per share. The business’s quarterly revenue was up 22.1% on a year-over-year basis. On average, equities research analysts predict that KCG Holdings Inc. will post $0.23 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors boosted its stake 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. Robeco Institutional Asset Management B.V. purchased a new stake in KCG Holdings during the fourth quarter worth about $2,542,000. Marshall Wace LLP boosted its stake 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. Finally, UBS Oconnor LLC boosted its stake 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.
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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