E*TRADE Financial Corp (ETFC) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems cut its holdings in E*TRADE Financial Corp (NASDAQ:ETFC) by 53.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,059 shares of the financial services provider’s stock after selling 12,653 shares during the period. Kentucky Retirement Systems’ holdings in E*TRADE Financial were worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. increased its position in E*TRADE Financial by 19.9% in the 4th quarter. Victory Capital Management Inc. now owns 5,292,883 shares of the financial services provider’s stock valued at $232,252,000 after buying an additional 878,417 shares in the last quarter. Northern Trust Corp increased its position in E*TRADE Financial by 0.4% in the 4th quarter. Northern Trust Corp now owns 4,197,323 shares of the financial services provider’s stock valued at $184,179,000 after buying an additional 14,996 shares in the last quarter. Boston Partners increased its position in E*TRADE Financial by 23.2% in the 4th quarter. Boston Partners now owns 4,092,445 shares of the financial services provider’s stock valued at $179,576,000 after buying an additional 770,524 shares in the last quarter. Geode Capital Management LLC increased its position in E*TRADE Financial by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 3,424,703 shares of the financial services provider’s stock valued at $150,020,000 after buying an additional 23,931 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in E*TRADE Financial by 2.3% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 3,131,100 shares of the financial services provider’s stock valued at $164,038,000 after buying an additional 71,481 shares in the last quarter. 93.88% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ ETFC traded down $0.50 during midday trading on Wednesday, reaching $49.96. The company’s stock had a trading volume of 2,725,498 shares, compared to its average volume of 2,640,125. E*TRADE Financial Corp has a 12-month low of $40.41 and a 12-month high of $66.46. The company has a quick ratio of 0.28, a current ratio of 0.24 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $12.26 billion, a PE ratio of 12.84, a PEG ratio of 1.11 and a beta of 1.14.

E*TRADE Financial (NASDAQ:ETFC) last posted 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. E*TRADE Financial had a return on equity of 18.06% and a net margin of 37.50%. The business had revenue of $755.00 million for the quarter, compared to the consensus estimate of $738.04 million. During the same quarter in the prior year, the business earned $0.88 earnings per share. E*TRADE Financial’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, research analysts expect that E*TRADE Financial Corp will post 4.28 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.56 annualized dividend and a yield of 1.12%. E*TRADE Financial’s payout ratio is 14.40%.

In other E*TRADE Financial news, Director Robert J. Chersi bought 2,200 shares of the stock in a transaction on Wednesday, January 30th. The shares were acquired at an average price of $46.24 per share, with a total value of $101,728.00. Following the acquisition, the director now directly owns 3,253 shares of the company’s stock, valued at approximately $150,418.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Michael John Curcio sold 21,928 shares of the business’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $47.36, for a total transaction of $1,038,510.08. Following the sale, the executive vice president now directly owns 213,896 shares in the company, valued at approximately $10,130,114.56. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

ETFC has been the subject of a number of analyst reports. Zacks Investment Research downgraded E*TRADE Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 21st. BidaskClub upgraded E*TRADE Financial from a “hold” rating to a “buy” rating in a research note on Tuesday. Barclays lifted their price target on E*TRADE Financial to $55.00 and gave the company an “overweight” rating in a research note on Friday, January 25th. ValuEngine upgraded E*TRADE Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. Finally, UBS Group downgraded E*TRADE Financial from a “buy” rating to a “neutral” rating and cut their target price for the stock from $58.00 to $51.00 in a research note on Wednesday, February 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $59.92.

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E*TRADE Financial Company Profile

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.

Read More: Why is the ex-dividend date different from the record date?

Institutional Ownership by Quarter for E*TRADE Financial (NASDAQ:ETFC)

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