Quantitative Systematic Strategies LLC Has $1.22 Million Position in E*TRADE Financial Corp (ETFC)

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Quantitative Systematic Strategies LLC increased its holdings in E*TRADE Financial Corp (NASDAQ:ETFC) by 54.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,243 shares of the financial services provider’s stock after purchasing an additional 9,198 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in E*TRADE Financial were worth $1,218,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of E*TRADE Financial during the fourth quarter valued at approximately $103,578,000. Oregon Public Employees Retirement Fund grew its position in shares of E*TRADE Financial by 1,689.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,499,423 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 1,415,639 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of E*TRADE Financial by 19.9% in the fourth quarter. Victory Capital Management Inc. now owns 5,292,883 shares of the financial services provider’s stock valued at $232,252,000 after purchasing an additional 878,417 shares in the last quarter. Brandywine Global Investment Management LLC grew its position in shares of E*TRADE Financial by 344.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 1,048,004 shares of the financial services provider’s stock valued at $45,987,000 after purchasing an additional 812,405 shares in the last quarter. Finally, Boston Partners grew its position in shares of E*TRADE Financial by 23.2% in the fourth quarter. Boston Partners now owns 4,092,445 shares of the financial services provider’s stock valued at $179,576,000 after purchasing an additional 770,524 shares in the last quarter. 93.88% of the stock is owned by institutional investors.

Several research analysts recently weighed in on the company. BidaskClub upgraded E*TRADE Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Zacks Investment Research lowered E*TRADE Financial from a “buy” rating to a “hold” rating in a research report on Monday, January 14th. ValuEngine upgraded E*TRADE Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. UBS Group lowered E*TRADE Financial from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $58.00 to $51.00 in a research report on Wednesday, February 20th. Finally, Wells Fargo & Co lowered their price objective on E*TRADE Financial from $62.00 to $55.00 and set an “outperform” rating for the company in a research report on Friday, January 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $60.93.

In other E*TRADE Financial news, CEO Karl A. Roessner sold 45,724 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $47.35, for a total transaction of $2,165,031.40. Following the transaction, the chief executive officer now owns 175,092 shares of the company’s stock, valued at $8,290,606.20. The sale was disclosed in a filing with the SEC, which is accessible through 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 stock was sold at an average price of $47.36, for a total value of $1,038,510.08. Following the transaction, the executive vice president now directly owns 213,896 shares in the company, valued at approximately $10,130,114.56. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Shares of ETFC stock opened at $48.97 on Tuesday. The stock has a market cap of $12.00 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 1.10 and a beta of 1.14. E*TRADE Financial Corp has a 1 year low of $40.41 and a 1 year high of $66.46. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.28 and a current ratio of 0.28.

E*TRADE Financial (NASDAQ:ETFC) last issued its quarterly earnings data on Thursday, January 24th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.01. The company had revenue of $735.00 million for the quarter, compared to analyst estimates of $745.69 million. E*TRADE Financial had a return on equity of 17.27% and a net margin of 36.62%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 earnings per share. Analysts predict that E*TRADE Financial Corp will post 4.16 earnings per share for the current year.

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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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Institutional Ownership by Quarter for E*TRADE Financial (NASDAQ:ETFC)

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