KCG Holdings, Inc. (KCG) Shares Sold by Shell Asset Management Co.
Shell Asset Management Co. reduced its position in shares of KCG Holdings, Inc. (NYSE:KCG) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,123 shares of the company’s stock after selling 6,610 shares during the period. Shell Asset Management Co. owned about 0.17% of KCG Holdings worth $2,238,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in KCG. Legal & General Group Plc raised its stake in shares of KCG Holdings by 4.9% in the second quarter. Legal & General Group Plc now owns 9,350 shares of the company’s stock worth $123,000 after buying an additional 438 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of KCG Holdings by 71.3% in the second quarter. Teacher Retirement System of Texas now owns 9,521 shares of the company’s stock worth $127,000 after buying an additional 3,962 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of KCG Holdings during the second quarter worth about $128,000. Stevens Capital Management LP purchased a new stake in shares of KCG Holdings during the second quarter worth about $153,000. Finally, Airain ltd purchased a new stake in shares of KCG Holdings during the second quarter worth about $184,000. 81.91% of the stock is currently owned by institutional investors.
Shares of KCG Holdings, Inc. (NYSE:KCG) opened at 13.81 on Friday. KCG Holdings, Inc. has a 52-week low of $10.03 and a 52-week high of $15.70. The stock’s 50 day moving average price is $13.86 and its 200-day moving average price is $14.23. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 21.89 and a beta of 1.62.
KCG Holdings (NYSE:KCG) last announced its quarterly earnings results on Thursday, October 20th. The company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.21. The company earned $208.53 million during the quarter, compared to analysts’ expectations of $319.90 million. KCG Holdings had a return on equity of 3.26% and a net margin of 4.83%. KCG Holdings’s revenue for the quarter was down 44.7% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share. On average, analysts predict that KCG Holdings, Inc. will post $0.23 earnings per share for the current fiscal year.
A number of analysts have issued reports on KCG shares. Zacks Investment Research raised KCG Holdings from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Wednesday, October 26th. Barclays PLC boosted their target price on KCG Holdings from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Thursday, October 13th. TheStreet lowered KCG Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, November 15th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating on shares of KCG Holdings in a research report on Tuesday, November 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $16.00.
About KCG Holdings
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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