KCG Holdings Inc. (KCG) Sees Large Volume Increase
KCG Holdings Inc. (NYSE:KCG) saw strong trading volume on Friday . 2,279,060 shares traded hands during trading, an increase of 337% from the previous session’s volume of 521,762 shares.The stock last traded at $15.07 and had previously closed at $15.01.
Several research analysts have issued reports on the stock. Zacks Investment Research raised shares of KCG Holdings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Buckingham Research assumed coverage on shares of KCG Holdings in a research report on Tuesday, June 7th. They set a “buy” rating on the stock. Finally, TheStreet raised 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 company’s stock. The company has a consensus rating of “Hold” and an average price target of $14.25.
The firm’s 50 day moving average is $14.07 and its 200 day moving average is $12.62. The stock has a market cap of $1.28 billion and a price-to-earnings ratio of 15.08.
KCG Holdings (NYSE:KCG) last posted its earnings results on Thursday, July 21st. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. During the same period in the previous year, the firm posted ($0.18) earnings per share. The firm had revenue of $319 million for the quarter, compared to analyst estimates of $280.16 million. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, analysts expect that KCG Holdings Inc. will post $0.23 EPS for the current year.
Other hedge funds recently bought and sold shares of the company. 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 valued at $1,145,000 after buying an additional 65,651 shares in the last quarter. 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 valued at $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 valued at $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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.