In today’s session KCG Holdings, Inc. Class A (KCG) recorded an unusually high (500) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the April, 2017 put, expecting serious KCG decrease. With 500 contracts traded and 7264 open interest for the Apr, 17 contract, it seems this is a quite bearish bet. The option with symbol: KCG170421P00014000 closed last at: $0.64 or 1.5% down. About 27,050 shares traded hands. KCG Holdings, Inc. Class A (NYSE:KCG) has risen 33.16% since March 11, 2016 and is uptrending. It has outperformed by 27.70% the S&P500.
Analysts await KCG Holdings, Inc. Class A (NYSE:KCG) to report earnings on November, 4. They expect $0.11 earnings per share, down 77.08% or $0.37 from last year’s $0.48 per share. KCG’s profit will be $9.54 million for 34.07 P/E if the $0.11 EPS becomes a reality. After $0.38 actual earnings per share reported by KCG Holdings, Inc. Class A for the previous quarter, Wall Street now forecasts -71.05% negative EPS growth.
KCG Holdings, Inc. Class A (NYSE:KCG) Ratings Coverage
Out of 6 analysts covering KCG Holdings Inc. Class A (NYSE:KCG), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $16 is the highest target while $3.50 is the lowest. The $11.83 average target is -21.08% below today’s ($14.99) stock price. KCG Holdings Inc. Class A has been the topic of 9 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Credit Suisse reinitiated KCG Holdings, Inc. Class A (NYSE:KCG) rating on Thursday, March 24. Credit Suisse has “Outperform” rating and $3.50 price target. On Thursday, August 20 the stock rating was upgraded by Wells Fargo to “Outperform”. The rating was upgraded by Zacks to “Sell” on Wednesday, August 5. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, August 9. The stock of KCG Holdings, Inc. Class A (NYSE:KCG) earned “Hold” rating by TheStreet on Tuesday, September 22. The firm has “Neutral” rating given on Monday, November 2 by JP Morgan. Barclays Capital maintained the shares of KCG in a report on Thursday, October 13 with “Equal-Weight” rating. The rating was initiated by Buckingham Research on Tuesday, June 7 with “Buy”.
According to Zacks Investment Research, “KCG Holdings, Inc. is a securities firm. It operates in three segments: Market Making, Global Execution Services and Corporate and Other. The company offers investors a range of services which designed to address trading needs across asset classes, product types and time zones. KCG Holdings, Inc. is headquartered in Jersey City, New Jersey.”
Insitutional Activity: The institutional sentiment increased to 1.36 in 2016 Q2. Its up 0.17, from 1.19 in 2016Q1. The ratio increased, as 24 funds sold all KCG Holdings, Inc. Class A shares owned while 32 reduced positions. 26 funds bought stakes while 50 increased positions. They now own 69.46 million shares or 0.99% less from 70.16 million shares in 2016Q1.
C M Bidwell & Assoc Limited has 0.03% invested in the company for 9,605 shares. Us Retail Bank De last reported 215 shares in the company. Ellington Mngmt Gru Ltd Llc accumulated 12,200 shares or 0.23% of the stock. Blackrock Gp last reported 0% of its portfolio in the stock. Strs Ohio accumulated 57,000 shares or 0% of the stock. Wells Fargo Mn has 214,446 shares for 0% of their US portfolio. Fmr Ltd Liability Corporation accumulated 150,644 shares or 0% of the stock. Ameriprise Incorporated has invested 0% of its portfolio in KCG Holdings, Inc. Class A (NYSE:KCG). Stevens Capital Management L P holds 11,525 shares or 0.01% of its portfolio. Credit Suisse Ag, a Switzerland-based fund reported 348,001 shares. Blackrock Invest Mngmt Ltd holds 0% of its portfolio in KCG Holdings, Inc. Class A (NYSE:KCG) for 217,927 shares. Pnc Financial Ser Gru has 267,185 shares for 0% of their US portfolio. Moreover, Connor Clark And Lunn Invest Mngmt Ltd has 0% invested in KCG Holdings, Inc. Class A (NYSE:KCG) for 13,600 shares. Advisory Rech accumulated 102,525 shares or 0.02% of the stock. Hillsdale Investment Management holds 0.12% of its portfolio in KCG Holdings, Inc. Class A (NYSE:KCG) for 30,100 shares.
KCG Company Profile
KCG Holdings, Inc. (KCG), incorporated on December 26, 2012, is a securities firm. The Firm offers a range of services designed to address trading needs across asset classes, product types and time zones. The Firm operates through three divisions: Market Making, Global Execution Services and Corporate and Other. It combines technology with client service across market making, agency execution and trading venues and also engages in principal trading through exchange electronic market making. It has multiple access points to trade global equities, options, fixed income, currencies and commodities through voice or automated execution.
Another recent and important KCG Holdings, Inc. Class A (NYSE:KCG) news was published by Equitiesfocus.com which published an article titled: “KCG Holdings, Inc. (NYSE:KCG) 200-day Moving Average At $13.66” on September 28, 2016.
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