CSat Investment Advisory L.P. Takes $573,000 Position in E*TRADE Financial Corp (ETFC)

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CSat Investment Advisory L.P. bought a new stake in shares of E*TRADE Financial Corp (NASDAQ:ETFC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 9,382 shares of the financial services provider’s stock, valued at approximately $573,000.

Other hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in shares of E*TRADE Financial by 362.5% during the second quarter. Parallel Advisors LLC now owns 1,679 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 1,316 shares during the last quarter. Blackhawk Capital Partners LLC. lifted its holdings in shares of E*TRADE Financial by 81.4% during the first quarter. Blackhawk Capital Partners LLC. now owns 1,805 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 810 shares during the last quarter. Nisa Investment Advisors LLC purchased a new position in shares of E*TRADE Financial during the second quarter valued at approximately $119,000. NewSquare Capital LLC purchased a new position in shares of E*TRADE Financial during the second quarter valued at approximately $163,000. Finally, Alps Advisors Inc. purchased a new position in shares of E*TRADE Financial during the second quarter valued at approximately $212,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

ETFC has been the subject of several recent research reports. Compass Point initiated coverage on shares of E*TRADE Financial in a report on Monday, June 4th. They set a “buy” rating and a $72.00 target price for the company. UBS Group reiterated a “buy” rating and set a $73.00 target price (up from $67.00) on shares of E*TRADE Financial in a report on Thursday, May 31st. BidaskClub lowered shares of E*TRADE Financial from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 26th. Zacks Investment Research upgraded shares of E*TRADE Financial from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a report on Monday, July 16th. Finally, Wells Fargo & Co restated a “buy” rating on shares of E*TRADE Financial in a report on Wednesday, July 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $67.25.

Shares of NASDAQ ETFC opened at $58.26 on Thursday. E*TRADE Financial Corp has a twelve month low of $39.33 and a twelve month high of $66.46. The company has a market capitalization of $15.53 billion, a P/E ratio of 19.49, a PEG ratio of 1.02 and a beta of 1.12. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.43.

E*TRADE Financial (NASDAQ:ETFC) last announced its quarterly earnings data on Thursday, July 19th. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.07. E*TRADE Financial had a net margin of 29.13% and a return on equity of 13.39%. The company had revenue of $710.00 million during the quarter, compared to analyst estimates of $707.78 million. During the same period in the previous year, the business earned $0.52 EPS. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. sell-side analysts expect that E*TRADE Financial Corp will post 3.59 earnings per share for the current fiscal year.

E*TRADE Financial Company 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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