KCG Holdings, Inc. (KCG) - NYSE
  • Dec. 4, 2015, 3:47 PM
    • At issue was KCG's performance during the market panic on Aug. 24, when JPMorgan's (NYSE:JPM) stock price dropped by as much as 20% before recovering.
    • The bank has informed the NYSE of its intention to replace KCG, reports the WSJ, and a number will be interviewed next week. KCG will have the opportunity to reapply for its job.
    • The news today was enough to send KCG lower by nearly 6% at one point, but - like JPMorgan on that day in August - KCG has recovered and is currently flat on the session.
    | Dec. 4, 2015, 3:47 PM
  • Aug. 20, 2015, 9:53 AM
    • Zigging sharply higher while the rest of the market zags lower is KCG Holdings (KCG +2.8%) after Wells Fargo upgrades to Outperform from Market Perform.
    • KCG is lower by about 23% since the start of the summer.
    | Aug. 20, 2015, 9:53 AM
  • May 1, 2015, 9:54 AM
    • Q1 non-GAAP pretax income of $32.4M vs. $30.5M in Q4, $57.6M a year ago. GAAP earnings of $249.3M or $2.19 per share thanks to a pretax gain of $373.8M from the sale of KCG Hotspot.
    • Trading revenues of $208.8M vs. $221.4M in Q4, $258.3M a year ago. Commissions and fees $100M vs. $117.3M and $112.3M.
    • Company has tendered for $330M of its stock at a range of $13.50-$14 per share.
    • Previously: KCG Holdings reports Q1 results (May 1)
    • KCG +6.3%
    | May 1, 2015, 9:54 AM | 1 Comment
  • Jan. 28, 2015, 8:33 AM
    • KCG Hotspot is KCG Holdings' (NYSE:KCG) FX trading venue, and BATS Global is buying for $365M in cash and up to another $70M over the next three years based on certain tax benefits.
    • The deal is expected to boost KCG's tangible book value by about $2 per share.
    • KCG CEO Daniel Coleman: "Upon completion of the deal, our focus will be on putting the cash to good use for KCG and our shareholders."
    • Shares +3.2% premarket
    | Jan. 28, 2015, 8:33 AM | 1 Comment
  • Oct. 30, 2014, 1:15 PM
    • Q3 non-GAAP loss from continuing operations of $19.518M compares to a profit of $21.5M on Q2 and $19M one year ago.
    • CEO Daniel Coleman: "The muted retail trading activity and single-digit realized volatility within a heightened competitive environment cut into Market Making segment results."
    • Market Making segment: Total revenue of $166.6M vs. $218.4M in Q2. Pretax loss excluding certain items of $5.2M vs. a profit of $36M. Average daily volume of $24.7M vs, $25.1M; in terms of daily trades 3.3M vs. 3.6M; in terms of shares traded 5.8M vs. 10.8M.
    • Global Execution Services segment: Total revenue of $79.2M vs. $85.9M in Q2. Pretax income excluding certain items of $1.9M vs. $2.6M.
    • Company has begun to explore options for KCG Hotspot, its electronic FX trading vehicle.
    • Previously: KCG Holdings EPS of -$0.09
    • Off substantially earlier, KCG has returned to flat for the session.
    | Oct. 30, 2014, 1:15 PM
  • Jun. 16, 2014, 5:36 PM
    | Jun. 16, 2014, 5:36 PM | 5 Comments
  • May 2, 2014, 8:03 AM
    • Revenue of $383.7M up 19% Q/Q, with non-GAAP pre-tax income of 57.6M up from $19.8M. Market Making revenue of $277.3M is up 19% Q/Q, with pre-tax income of $76M up 59%.
    • With $185M of principal repayment during Q1, and another $50M since, KCG pays off and terminates its credit facility.
    • Tangible book value per share of $10.85.
    • Company announces $150M buyback program.
    • CC at 9 ET
    • Previously: KCG Holdings beats by $0.14
    • Shares +7.7% premarket
    | May 2, 2014, 8:03 AM
  • Apr. 4, 2014, 2:47 PM
    • It's new session lows for many of the brokerage names amid the boosted scrutiny over high-frequency trading. The travails of the E*Trade, TD Ameritrade, and Schwab have been told, but also getting hit is Interactive Brokers (IBKR -8.5%) - which yesterday begain allowing customers to route orders through anti-HFT exchange IEX.
    • Also turning to IEX is TradeStation.
    • KCG Holdings (KCG -7.6%), INTL FCStone (INTL -4.3%).
    | Apr. 4, 2014, 2:47 PM | 4 Comments
  • Nov. 25, 2013, 8:26 AM
    • Citing Getco merger synergies, increased confidence in the Getco business, and expectations for buybacks once debt is payed down, Raymond James upgrades KCG Holdings (KCG) to Buy with $13 price target.
    • Shares +1.2% premarket
    | Nov. 25, 2013, 8:26 AM
  • Jul. 22, 2013, 5:40 PM
    After-hours top gainers, as of 5:15 p.m.: ARRY +7%. SANM +5%. NAFC +4%. KCG +3%. HUN +2%.
    After-hours top losers: NFLX -6%. IAU -3%. AMSC -3%. BCRX -2%. GRMN -2%.
    | Jul. 22, 2013, 5:40 PM
  • Jul. 5, 2013, 12:55 PM
    Midday top 10 gainers: KCG +232%. MEET +15%. PBMD +15%. YGE +14%. NBG +13%. CBAK +12%. SOL +11%. JASO +11%. AFOP +11%. FMAR.OB +10%.
    Midday top 10 Losers: USU -11%. USMD -10%. ARR -10%. AXU -11%. ANH -10%. WRLD -9%. AU -9%. AMTG -9%. WMC -8%. NYMT -8%.
    | Jul. 5, 2013, 12:55 PM
  • Dec. 19, 2012, 9:10 AM
    Premarket gainers: PTNR +11%. GM +9%. KCG +8%. RMCF +6%. NBG +6%. VRNG +6%. MLNX +5%
    Losers: ONTY -61%. PLXT -18%. NAV -6%. CYS -6%.
    | Dec. 19, 2012, 9:10 AM | 3 Comments
  • Nov. 28, 2012, 12:45 PM
    Midday top 10 gainers: VRML +34%. SHS +32%. GMCR +24%. SPMD +18%. TROV +17%. GPOR +16%. IDIX +15%. TSL +15%. KCG +14%. AXR +12%.
    Midday top 10 Losers: UTI -24%. CLUB -21%. CFNB -16%. GENE -15%. TFM -14%. CBAK -13%. SBGI -12%. DWCH -13%. NFEC -11%. CAP -9%.
    | Nov. 28, 2012, 12:45 PM | 2 Comments
  • Nov. 28, 2012, 11:02 AM
    Virtu is reportedly making a $3/share all-cash bid for Knight Capital, according to Charlie Gasparino. On the surface, it's well less than than Getco's $3.50 bid, but Getco's deal is more a merger with part of the value being stock in the combined company - and who knows what that will be worth. KCG +11.5% to $3.31.
    | Nov. 28, 2012, 11:02 AM | 2 Comments
  • Nov. 28, 2012, 9:10 AM
    Premarket gainers: GMCR +20%. KCG +19%. EXPR +11%. AEO +6%. PPHM +5%. Losers: TFM -15%. GWRE -13%. NBG -10%.
    | Nov. 28, 2012, 9:10 AM
  • Nov. 26, 2012, 9:10 AM
    Premarket gainers: HOGS +16%. KCG +15%. MBI +8%. JRCC +8%.
    Losers: GNRC -6%. BCS -5%.
    | Nov. 26, 2012, 9:10 AM
Company Description
KCG Holdings, Inc. is an independent securities company, which offers investors a range of services designed to address trading needs across asset classes, product types and time zones. It combines advanced technology with client service across market making, agency execution and venues. It has... More
Sector: Financial
Industry: Investment Brokerage - Regional
Country: United States