IFM Investors Pty Ltd increased its position in E*TRADE Financial Corp (NASDAQ:ETFC) by 4.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,254 shares of the financial services provider’s stock after purchasing an additional 706 shares during the period. IFM Investors Pty Ltd’s holdings in E*TRADE Financial were worth $801,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Advisors Asset Management Inc. grew its stake in shares of E*TRADE Financial by 46.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 50,139 shares of the financial services provider’s stock valued at $2,627,000 after buying an additional 15,899 shares during the period. Kentucky Retirement Systems purchased a new stake in shares of E*TRADE Financial during the 3rd quarter valued at $466,000. Neuberger Berman Group LLC grew its stake in shares of E*TRADE Financial by 45.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 6,107 shares of the financial services provider’s stock valued at $320,000 after buying an additional 1,909 shares during the period. TIAA CREF Investment Management LLC grew its stake in shares of E*TRADE Financial by 2.3% during 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 during the period. Finally, Standard Life Aberdeen plc grew its stake in shares of E*TRADE Financial by 9.5% during the 3rd quarter. Standard Life Aberdeen plc now owns 87,924 shares of the financial services provider’s stock valued at $4,608,000 after buying an additional 7,594 shares during the period. Institutional investors own 93.88% of the company’s stock.

In other E*TRADE Financial news, CEO Karl A. Roessner sold 45,724 shares of the business’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $47.35, for a total value of $2,165,031.40. Following the transaction, the chief executive officer now owns 175,092 shares in the company, valued at approximately $8,290,606.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $47.36, for a total transaction 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 disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

Shares of E*TRADE Financial stock opened at $50.46 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.24 and a quick ratio of 0.28. E*TRADE Financial Corp has a twelve month low of $40.41 and a twelve month high of $66.46. The firm has a market cap of $12.26 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 1.11 and a beta of 1.14.

E*TRADE Financial (NASDAQ:ETFC) last announced its quarterly 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. 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 period in the prior year, the company earned $0.88 EPS. The firm’s revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts expect that E*TRADE Financial Corp will post 4.28 earnings per share for the current year.

The company 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 $0.14 dividend. The ex-dividend date is Friday, May 10th. This represents a $0.56 dividend on an annualized basis and a yield of 1.11%. E*TRADE Financial’s dividend payout ratio is currently 14.40%.

Several analysts have recently issued reports on the stock. BidaskClub cut shares of E*TRADE Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. Zacks Investment Research cut shares of E*TRADE Financial from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. Finally, Morgan Stanley set a $62.00 price target on shares of E*TRADE Financial and gave the stock a “buy” rating in a research report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company’s stock. E*TRADE Financial has an average rating of “Buy” and an average price target 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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Institutional Ownership by Quarter for E*TRADE Financial (NASDAQ:ETFC)

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