E*TRADE Financial Corp (ETFC) Shares Bought by IFM Investors Pty Ltd

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IFM Investors Pty Ltd raised its stake in E*TRADE Financial Corp (NASDAQ:ETFC) by 32.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,883 shares of the financial services provider’s stock after buying an additional 3,411 shares during the period. IFM Investors Pty Ltd’s holdings in E*TRADE Financial were worth $849,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ETFC. BlackRock Inc. grew its holdings in shares of E*TRADE Financial by 5.4% during the 1st quarter. BlackRock Inc. now owns 21,722,257 shares of the financial services provider’s stock valued at $1,203,632,000 after purchasing an additional 1,122,577 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of E*TRADE Financial by 1.0% during the 1st quarter. Thrivent Financial for Lutherans now owns 3,637,490 shares of the financial services provider’s stock valued at $201,554,000 after purchasing an additional 36,034 shares during the last quarter. Manning & Napier Group LLC grew its holdings in shares of E*TRADE Financial by 75.2% during the 1st quarter. Manning & Napier Group LLC now owns 1,948,425 shares of the financial services provider’s stock valued at $107,960,000 after purchasing an additional 836,090 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of E*TRADE Financial by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,884,978 shares of the financial services provider’s stock valued at $104,447,000 after purchasing an additional 14,094 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of E*TRADE Financial by 1.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,510,692 shares of the financial services provider’s stock valued at $83,708,000 after purchasing an additional 18,846 shares during the last quarter. 93.03% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ETFC opened at $59.76 on Friday. The firm has a market cap of $16.08 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 1.01 and a beta of 1.32. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.27 and a quick ratio of 0.27. E*TRADE Financial Corp has a twelve month low of $38.85 and a twelve month high of $66.46.

E*TRADE Financial (NASDAQ:ETFC) last announced its quarterly earnings results on Thursday, April 19th. The financial services provider reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.09. The business had revenue of $708.00 million during the quarter, compared to analysts’ expectations of $686.31 million. E*TRADE Financial had a net margin of 28.40% and a return on equity of 11.64%. The firm’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 EPS. equities research analysts forecast that E*TRADE Financial Corp will post 3.64 EPS for the current fiscal year.

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of E*TRADE Financial from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Tuesday, April 3rd. Raymond James reduced their target price on shares of E*TRADE Financial from $77.00 to $75.00 and set a “strong-buy” rating on the stock in a report on Friday. Wells Fargo & Co increased their target price on shares of E*TRADE Financial from $67.00 to $73.00 and gave the company an “outperform” rating in a report on Monday, May 21st. They noted that the move was a valuation call. JMP Securities reaffirmed a “positive” rating and set a $64.00 target price (up previously from $60.00) on shares of E*TRADE Financial in a report on Friday, April 20th. Finally, ValuEngine raised shares of E*TRADE Financial from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $63.17.

About E*TRADE Financial

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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