Fmr LLC Takes Position in KCG Holdings, Inc. Class A (NYSE:KCG)

FMR LLC purchased a new position in shares of KCG Holdings, Inc. Class A (NYSE:KCG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 167,400 shares of the financial services provider’s stock, valued at approximately $2,985,000. FMR LLC owned about 0.25% of KCG Holdings, Inc. Class A at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. bought a new position in shares of KCG Holdings, Inc. Class A during the first quarter worth about $212,000. K2 Principal Fund L.P. bought a new position in shares of KCG Holdings, Inc. Class A during the first quarter worth about $509,000. O Shaughnessy Asset Management LLC bought a new position in shares of KCG Holdings, Inc. Class A during the first quarter worth about $115,000. Dynamic Technology Lab Private Ltd bought a new position in shares of KCG Holdings, Inc. Class A during the first quarter worth about $309,000. Finally, SG Americas Securities LLC bought a new position in shares of KCG Holdings, Inc. Class A during the first quarter worth about $560,000. 82.43% of the stock is owned by institutional investors.

Shares of KCG Holdings, Inc. Class A (KCG) opened at 20.00 on Friday. KCG Holdings, Inc. Class A has a 52-week low of $12.21 and a 52-week high of $20.02. The stock has a 50 day moving average price of $19.98 and a 200-day moving average price of $18.09.

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A number of brokerages have issued reports on KCG. Zacks Investment Research downgraded KCG Holdings, Inc. Class A from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 18th. BidaskClub cut KCG Holdings, Inc. Class A from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. ValuEngine upgraded KCG Holdings, Inc. Class A from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Sandler O’Neill cut KCG Holdings, Inc. Class A from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. Finally, Buckingham Research cut KCG Holdings, Inc. Class A from a “buy” rating to a “neutral” rating and set a $20.00 price objective for the company. in a research report on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.33.

In related news, COO Nick Ogurtsov sold 58,549 shares of KCG Holdings, Inc. Class A stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $19.85, for a total transaction of $1,162,197.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.40% of the company’s stock.

About KCG Holdings, Inc. Class A

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.

Institutional Ownership by Quarter for KCG Holdings, Inc. Class A (NYSE:KCG)

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