CWM Advisors LLC grew its position in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 17.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,332 shares of the financial services provider’s stock after acquiring an additional 926 shares during the quarter. CWM Advisors LLC’s holdings in E*TRADE Financial were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. grew its stake in E*TRADE Financial by 32.0% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 915 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 222 shares during the period. IFP Advisors Inc grew its stake in E*TRADE Financial by 93.0% in the 4th quarter. IFP Advisors Inc now owns 965 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 465 shares during the period. FNY Investment Advisers LLC grew its stake in E*TRADE Financial by 100.0% in the 4th quarter. FNY Investment Advisers LLC now owns 1,000 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 500 shares during the period. Legacy Financial Advisors Inc. grew its stake in E*TRADE Financial by 751.2% in the 4th quarter. Legacy Financial Advisors Inc. now owns 1,047 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 924 shares during the period. Finally, Csenge Advisory Group bought a new position in E*TRADE Financial in the 3rd quarter valued at $58,000. Hedge funds and other institutional investors own 93.88% of the company’s stock.
In related news, Director Robert J. Chersi purchased 2,200 shares of E*TRADE Financial stock in a transaction that occurred on Wednesday, January 30th. The shares were acquired at an average cost of $46.24 per share, for a total transaction of $101,728.00. Following the transaction, the director now directly owns 3,253 shares in the company, valued at $150,418.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Karl A. Roessner sold 45,724 shares of the stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $47.35, for a total value of $2,165,031.40. Following the completion of the sale, the chief executive officer now owns 175,092 shares of the company’s stock, valued at approximately $8,290,606.20. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.
E*TRADE Financial (NASDAQ:ETFC) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $0.93 by $0.16. The firm had revenue of $755.00 million for the quarter, compared to analyst estimates of $738.04 million. E*TRADE Financial had a return on equity of 18.06% and a net margin of 37.50%. The company’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 EPS. As a group, analysts predict that E*TRADE Financial Corp will post 4.28 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 13th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, May 10th. This represents a $0.56 annualized dividend and a dividend yield of 1.10%. E*TRADE Financial’s dividend payout ratio (DPR) is presently 14.40%.
A number of research analysts have issued reports on the company. Zacks Investment Research downgraded E*TRADE Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. BidaskClub raised E*TRADE Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. UBS Group cut E*TRADE Financial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $58.00 to $51.00 in a research report on Wednesday, February 20th. Morgan Stanley set a $62.00 price target on E*TRADE Financial and gave the company a “buy” rating in a research report on Tuesday, January 29th. Finally, Credit Suisse Group reaffirmed a “buy” rating on shares of E*TRADE Financial in a research report on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $59.92.
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About E*TRADE Financial
E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services for traders, investors, stock plan administrators and participants, and registered investment advisors (RIAs). It also offers investor-focused banking products, primarily sweep deposits to customers; clearing and settlement services; Federal Deposit Insurance Corporation insurance services; custody solutions to RIAs; other banking and cash management services; software and services for managing equity compensation plans to its corporate clients; retail futures transaction services; and investment advisory services.
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