Dupont Capital Management Corp lessened its position in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 7.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,775 shares of the financial services provider’s stock after selling 1,876 shares during the period. Dupont Capital Management Corp’s holdings in E*TRADE Financial were worth $1,057,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Two Sigma Advisers LP bought a new position in E*TRADE Financial during the 4th quarter worth about $15,197,000. Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of E*TRADE Financial in the 4th quarter valued at about $506,000. FTB Advisors Inc. bought a new position in shares of E*TRADE Financial in the 4th quarter valued at about $113,000. CENTRAL TRUST Co grew its holdings in shares of E*TRADE Financial by 98.8% in the 4th quarter. CENTRAL TRUST Co now owns 5,735 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 2,850 shares in the last quarter. Finally, Calamos Advisors LLC grew its holdings in shares of E*TRADE Financial by 1.8% in the 4th quarter. Calamos Advisors LLC now owns 1,677,061 shares of the financial services provider’s stock valued at $73,589,000 after acquiring an additional 30,080 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.
In related news, CEO Karl A. Roessner sold 45,724 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly 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 available at the SEC website. Also, EVP Michael John Curcio sold 21,928 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $47.36, for a total transaction of $1,038,510.08. Following the completion of the sale, the executive vice president now owns 213,896 shares of the company’s stock, valued at $10,130,114.56. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.
ETFC has been the subject of several analyst reports. UBS Group cut E*TRADE Financial from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $58.00 to $51.00 in a report on Wednesday, February 20th. Credit Suisse Group restated a “buy” rating on shares of E*TRADE Financial in a report on Friday, January 25th. ValuEngine cut E*TRADE Financial from a “hold” rating to a “sell” rating in a report on Friday, January 25th. Barclays raised their price objective on E*TRADE Financial to $55.00 and gave the company an “overweight” rating in a report on Friday, January 25th. Finally, BidaskClub upgraded E*TRADE Financial from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $59.83.
Shares of NASDAQ:ETFC opened at $49.78 on Thursday. E*TRADE Financial Corp has a 52-week low of $40.41 and a 52-week high of $66.46. The stock has a market capitalization of $12.18 billion, a P/E ratio of 12.80, a PEG ratio of 1.08 and a beta of 1.16. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.24 and a quick ratio of 0.24.
E*TRADE Financial (NASDAQ:ETFC) last issued its earnings results on Wednesday, April 17th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $755.00 million during the quarter, compared to the consensus estimate of $738.04 million. During the same period last year, the business posted $0.88 EPS. E*TRADE Financial’s revenue was up 6.6% on a year-over-year basis. On average, sell-side analysts expect that E*TRADE Financial Corp will post 4.29 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.56 annualized dividend and a yield of 1.12%. 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 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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