News coverage about KCG Holdings (NYSE:KCG) has trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. KCG Holdings earned a news impact score of 0.12 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 45 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- KCG Holdings, Inc. (KCG) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Knight Transportation, Inc. (KNX) Stake Lowered by Legal & General Group Plc (latribunadecanarias.com)
- Henry Ji Acquires 29001 Shares of Sorrento Therapeutics, Inc. (SRNE) Stock (latribunadecanarias.com)
- KCG Holdings Inc. Has $944000 Stake in STMicroelectronics NV (NYSE:STM) (latribunadecanarias.com)
- The KCG Holdings Inc. Decreases Stake in Anheuser Busch Inbev NV (BUD) (eleganthomesinla.com)
KCG Holdings (NYSE KCG) remained flat at $19.96 during mid-day trading on Monday. 210,720 shares of the stock traded hands. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 7.23 and a beta of 1.50. KCG Holdings has a 1-year low of $12.21 and a 1-year high of $19.97. The company has a 50-day moving average of $19.88 and a 200 day moving average of $16.79.
KCG Holdings (NYSE:KCG) last posted its earnings results on Thursday, April 20th. The financial services provider reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.09. KCG Holdings had a net margin of 16.25% and a return on equity of 15.36%. The company had revenue of $255.40 million for the quarter, compared to analyst estimates of $250.75 million. During the same quarter in the prior year, the business posted $0.41 EPS. The firm’s revenue was down 26.1% compared to the same quarter last year. Equities analysts predict that KCG Holdings will post $0.23 earnings per share for the current fiscal year.
Several analysts have issued reports on KCG shares. Sandler O’Neill downgraded KCG Holdings from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. Wells Fargo & Company downgraded KCG Holdings from an “outperform” rating to a “market perform” rating in a research note on Monday, April 3rd. Zacks Investment Research downgraded KCG Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, April 22nd. Buckingham Research downgraded KCG Holdings from a “buy” rating to a “neutral” rating and set a $20.00 target price on the stock. in a research report on Thursday, April 20th. Finally, ValuEngine raised KCG Holdings from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Five equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.33.
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In other KCG Holdings news, COO Nick Ogurtsov sold 58,549 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $19.85, for a total value of $1,162,197.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel John A. Mccarthy sold 26,951 shares of the stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $19.94, for a total transaction of $537,402.94. Following the completion of the sale, the general counsel now owns 61,829 shares of the company’s stock, valued at approximately $1,232,870.26. The disclosure for this sale can be found here. Corporate insiders own 9.40% of the company’s stock.
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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