E*TRADE Financial Corp (NASDAQ:ETFC) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC trimmed its stake in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 7.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,185 shares of the financial services provider’s stock after selling 838 shares during the quarter. Gateway Investment Advisers LLC’s holdings in E*TRADE Financial were worth $519,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. increased its position in shares of E*TRADE Financial by 32.0% during 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. ETF Managers Group LLC boosted its stake in shares of E*TRADE Financial by 15.7% during the 4th quarter. ETF Managers Group LLC now owns 2,325 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 315 shares in the last quarter. CWM LLC boosted its stake in shares of E*TRADE Financial by 41.0% during the 4th quarter. CWM LLC now owns 1,500 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 436 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of E*TRADE Financial by 93.0% during the 4th quarter. IFP Advisors Inc now owns 965 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 465 shares in the last quarter. Finally, FNY Investment Advisers LLC boosted its stake in shares of E*TRADE Financial by 100.0% during the 4th quarter. FNY Investment Advisers LLC now owns 1,000 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Several equities research analysts have recently weighed in on ETFC shares. Morgan Stanley set a $62.00 price objective on E*TRADE Financial and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Barclays raised their target price on E*TRADE Financial to $55.00 and gave the stock an “overweight” rating in a research report on Friday, January 25th. Credit Suisse Group reiterated a “buy” rating on shares of E*TRADE Financial in a report on Friday, January 25th. Zacks Investment Research lowered E*TRADE Financial from a “buy” rating to a “hold” rating in a report on Monday, January 21st. Finally, ValuEngine lowered E*TRADE Financial from a “hold” rating to a “sell” rating in a report on Friday, January 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $59.83.

ETFC stock traded down $0.29 during trading on Friday, reaching $49.65. 2,043,234 shares of the stock were exchanged, compared to its average volume of 2,218,490. E*TRADE Financial Corp has a twelve month low of $40.41 and a twelve month high of $66.46. The company has a market cap of $12.15 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 1.06 and a beta of 1.16. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.28.

E*TRADE Financial (NASDAQ:ETFC) last released its earnings results on Wednesday, April 17th. The financial services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.16. The business had revenue of $755.00 million for the quarter, compared to the consensus estimate of $738.04 million. E*TRADE Financial had a return on equity of 18.06% and a net margin of 37.50%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the business earned $0.88 earnings per share. On average, equities research analysts anticipate that E*TRADE Financial Corp will post 4.34 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Friday, May 10th. E*TRADE Financial’s payout ratio is 14.40%.

In other E*TRADE Financial news, CEO Karl A. Roessner sold 45,724 shares of E*TRADE Financial stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $47.35, for a total transaction of $2,165,031.40. Following the sale, the chief executive officer now directly owns 175,092 shares of the company’s stock, valued at $8,290,606.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael John Curcio sold 21,928 shares of E*TRADE Financial stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 213,896 shares in the company, valued at $10,130,114.56. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

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

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