E*TRADE Financial Corp (ETFC) Holdings Reduced by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its position in E*TRADE Financial Corp (NASDAQ:ETFC) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,693 shares of the financial services provider’s stock after selling 5,059 shares during the quarter. Retirement Systems of Alabama’s holdings in E*TRADE Financial were worth $5,325,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Liberty Wealth Management LLC acquired a new stake in shares of E*TRADE Financial in the 4th quarter valued at about $27,000. Oregon Public Employees Retirement Fund raised its stake in shares of E*TRADE Financial by 1,689.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,499,423 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 1,415,639 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of 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 in the last quarter. IFP Advisors Inc raised its stake in shares of 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 in the last quarter. Finally, FNY Investment Advisers LLC raised its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 93.61% of the company’s stock.

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

Shares of NASDAQ:ETFC opened at $50.19 on Friday. E*TRADE Financial Corp has a fifty-two week low of $40.41 and a fifty-two week 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 stock has a market cap of $12.20 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 1.08 and a beta of 1.14.

E*TRADE Financial (NASDAQ:ETFC) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.93 by $0.16. E*TRADE Financial had a net margin of 37.50% and a return on equity of 18.06%. The firm had revenue of $755.00 million during the quarter, compared to analysts’ expectations of $738.04 million. During the same quarter in the prior year, the firm earned $0.88 EPS. E*TRADE Financial’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities analysts expect that E*TRADE Financial Corp will post 4.29 earnings per share for the current fiscal year.

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

ETFC has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of E*TRADE Financial from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Thursday, January 3rd. Wells Fargo & Co cut their target price on shares of E*TRADE Financial from $62.00 to $55.00 and set an “outperform” rating on the stock in a research note on Friday, January 4th. Morgan Stanley cut their target price on shares of E*TRADE Financial from $66.00 to $61.00 and set an “overweight” rating on the stock in a research note on Friday, January 4th. BidaskClub upgraded shares of E*TRADE Financial from a “sell” rating to a “hold” rating in a research note on Saturday, January 5th. Finally, ValuEngine raised shares of E*TRADE Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the stock. E*TRADE Financial has an average rating of “Buy” and an average target price 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.

See Also: Buyback

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

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