KCG Holdings Inc. (KCG) Sees Unusually-High Trading Volume
KCG Holdings Inc. (NYSE:KCG) shares saw unusually-high trading volume on Friday . Approximately 2,279,060 shares changed 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.
KCG has been the subject of several research analyst reports. Zacks Investment Research raised KCG Holdings from a “hold” rating to a “strong-buy” rating and set a $15.00 target price for the company in a research note on Wednesday, May 18th. TheStreet raised KCG Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, May 25th. Finally, Buckingham Research assumed coverage on KCG Holdings in a research note on Tuesday, June 7th. They issued a “buy” rating for the company. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $14.25.
The stock has a market capitalization of $1.28 billion and a price-to-earnings ratio of 15.08. The firm’s 50 day moving average price is $14.07 and its 200-day moving average price is $12.62.
KCG Holdings (NYSE:KCG) last posted its earnings results on Thursday, July 21st. The company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.06. The company had revenue of $319 million for the quarter, compared to analysts’ expectations of $280.16 million. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.18) EPS. On average, analysts forecast that KCG Holdings Inc. will post $0.23 earnings per share for the current fiscal year.
A number of hedge funds and institutional investors recently bought and sold shares of the stock. 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 during 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 during the last quarter. 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 during 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.