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KCG Holdings, Inc. (KCG)

- NYSE
  • Thu, Aug. 20, 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.
    | Thu, Aug. 20, 9:53 AM | Comment!
  • Fri, May 1, 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%
    | Fri, May 1, 9:54 AM | 1 Comment
  • Wed, Jan. 28, 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."
    • Source: Press release
    • Shares +3.2% premarket
    | Wed, Jan. 28, 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 | Comment!
  • 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
    • Source: Press Release
    • Previously: KCG Holdings beats by $0.14
    • Shares +7.7% premarket
    | May 2, 2014, 8:03 AM | Comment!
  • 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 | Comment!
  • 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 | Comment!
  • 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 | Comment!
  • 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 | Comment!
  • 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 | Comment!
  • Nov. 26, 2012, 9:00 AM
    Knight Capital (KCG) surges 11.2% premarket following a weekend report it may sell its market-making operations. The unit - the market leader in ETF trading - remains profitable despite the big loss in August on a technical glitch.
    | Nov. 26, 2012, 9:00 AM | Comment!
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Company Description
KCG Holdings Inc is asecurities firm offering clients a range of services designed to address trading needs across asset classes, product types and time zones. It is also engagedin principal trading via exchange-based electronic market making.