Connor Clark & Lunn Investment Management Ltd. trimmed its position in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 71.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,725 shares of the financial services provider’s stock after selling 56,325 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in E*TRADE Financial were worth $997,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. bought a new position in E*TRADE Financial during the 3rd quarter valued at $102,000. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in E*TRADE Financial by 5.7% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 919,985 shares of the financial services provider’s stock valued at $48,198,000 after acquiring an additional 49,806 shares in the last quarter. Toronto Dominion Bank lifted its stake in E*TRADE Financial by 24.1% during the 3rd quarter. Toronto Dominion Bank now owns 214,637 shares of the financial services provider’s stock valued at $11,242,000 after acquiring an additional 41,647 shares in the last quarter. Candriam Luxembourg S.C.A. bought a new position in E*TRADE Financial during the 3rd quarter valued at $1,098,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in shares of E*TRADE Financial by 49.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 102,012 shares of the financial services provider’s stock valued at $5,344,000 after purchasing an additional 33,655 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

In other news, Director Robert J. Chersi acquired 2,200 shares of the firm’s stock in a transaction that occurred on Wednesday, January 30th. The stock was bought at an average price of $46.24 per share, with a total value of $101,728.00. Following the acquisition, the director now owns 3,253 shares in the company, valued at approximately $150,418.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Karl A. Roessner sold 45,724 shares of E*TRADE Financial stock in a transaction dated 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 directly 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. Company insiders own 0.12% of the company’s stock.

ETFC has been the subject of several research analyst reports. Morgan Stanley set a $62.00 target price on E*TRADE Financial and gave the company a “buy” rating in a research report on Tuesday, January 29th. Zacks Investment Research lowered E*TRADE Financial from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. BidaskClub raised E*TRADE Financial from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. Goldman Sachs Group initiated coverage on E*TRADE Financial in a research report on Friday, November 30th. They set a “buy” rating and a $64.00 target price for the company. Finally, Credit Suisse Group reaffirmed a “buy” rating on shares of E*TRADE Financial in a research report on Friday, January 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $61.33.

Shares of ETFC opened at $49.02 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 stock has a market capitalization of $11.84 billion, a P/E ratio of 12.60, a PEG ratio of 1.08 and a beta of 1.15. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.24.

E*TRADE Financial (NASDAQ:ETFC) last announced its quarterly earnings data on Thursday, January 24th. The financial services provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.01. E*TRADE Financial had a return on equity of 17.27% and a net margin of 36.62%. The company had revenue of $735.00 million during the quarter, compared to analyst estimates of $745.69 million. During the same quarter last year, the firm posted $0.64 EPS. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. Sell-side analysts expect that E*TRADE Financial Corp will post 4.17 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Friday, February 1st were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.14%. The ex-dividend date was Thursday, January 31st. E*TRADE Financial’s dividend payout ratio (DPR) is currently 14.40%.

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E*TRADE Financial Profile

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand. It also offers investor-focused banking products, primarily sweep deposits to retail investors; Federal Deposit Insurance Corporation insurance services; clearing and settlement services; investment advisory services; and financial corporate services, such as software and services for managing equity compensation plans to its corporate clients.

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

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