United Services Automobile Association reduced its position in E*TRADE Financial Corp (NASDAQ:ETFC) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 258,299 shares of the financial services provider’s stock after selling 17,178 shares during the period. United Services Automobile Association owned about 0.10% of E*TRADE Financial worth $11,334,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Oregon Public Employees Retirement Fund increased its holdings in shares of E*TRADE Financial by 1,689.6% during 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 acquiring an additional 1,415,639 shares during the last quarter. IFP Advisors Inc increased its holdings 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 valued at $42,000 after acquiring an additional 465 shares during the last quarter. FNY Investment Advisers LLC increased its holdings 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 valued at $43,000 after acquiring an additional 500 shares during the last quarter. Legacy Financial Advisors Inc. increased its holdings in shares of E*TRADE Financial by 751.2% during the 4th quarter. Legacy Financial Advisors Inc. now owns 1,047 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 924 shares during the last quarter. Finally, Csenge Advisory Group acquired a new position in shares of E*TRADE Financial during the 3rd quarter valued at about $58,000. 89.81% of the stock is currently owned by institutional investors.

Shares of ETFC stock traded up $0.15 during mid-day trading on Friday, reaching $49.05. The stock had a trading volume of 19,565 shares, compared to its average volume of 2,831,985. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.24. E*TRADE Financial Corp has a one year low of $40.41 and a one year high of $66.46. The company has a market capitalization of $11.84 billion, a P/E ratio of 12.59, a P/E/G ratio of 1.08 and a beta of 1.15.

E*TRADE Financial (NASDAQ:ETFC) last announced its quarterly earnings data on Thursday, January 24th. The financial services provider reported $1.06 EPS for the quarter, topping the Zacks’ 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 the consensus estimate of $745.69 million. During the same quarter last year, the company earned $0.64 EPS. The company’s quarterly revenue was up 15.4% on a year-over-year basis. Sell-side analysts predict that E*TRADE Financial Corp will post 4.17 earnings per share for the current fiscal year.

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

In other E*TRADE Financial news, CEO Karl A. Roessner sold 45,724 shares of the firm’s stock in a transaction that occurred on 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 owns 175,092 shares in the company, valued at approximately $8,290,606.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert J. Chersi acquired 2,200 shares of E*TRADE Financial 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 directly owns 3,253 shares in the company, valued at approximately $150,418.72. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by company insiders.

A number of brokerages have recently commented on ETFC. Zacks Investment Research raised E*TRADE Financial from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Wednesday, January 23rd. BidaskClub downgraded E*TRADE Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 11th. Deutsche Bank decreased their target price on E*TRADE Financial from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 16th. Morgan Stanley set a $62.00 target price on E*TRADE Financial and gave the company a “buy” rating in a research note on Tuesday, January 29th. Finally, ValuEngine downgraded E*TRADE Financial from a “hold” rating to a “sell” rating in a research note on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $61.13.

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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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