BT Investment Management Ltd Sells 132,227 Shares of E*TRADE Financial Corp (NASDAQ:ETFC)

BT Investment Management Ltd cut its stake in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,422,473 shares of the financial services provider’s stock after selling 132,227 shares during the period. E*TRADE Financial comprises approximately 1.6% of BT Investment Management Ltd’s investment portfolio, making the stock its 15th largest holding. BT Investment Management Ltd owned 0.91% of E*TRADE Financial worth $120,082,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Sentry Investment Management LLC lifted its stake in E*TRADE Financial by 0.6% during the 2nd quarter. Sentry Investment Management LLC now owns 17,179 shares of the financial services provider’s stock valued at $653,000 after acquiring an additional 95 shares in the last quarter. Krilogy Financial LLC increased its position in shares of E*TRADE Financial by 7.5% during the 2nd quarter. Krilogy Financial LLC now owns 3,710 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 260 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of E*TRADE Financial by 21.8% during the 2nd quarter. Quadrant Capital Group LLC now owns 3,436 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 614 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of E*TRADE Financial by 18.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 9,353 shares of the financial services provider’s stock valued at $408,000 after purchasing an additional 1,453 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC increased its position in shares of E*TRADE Financial by 15.0% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 11,685 shares of the financial services provider’s stock valued at $612,000 after purchasing an additional 1,525 shares during the last quarter. Institutional investors and hedge funds own 93.35% of the company’s stock.

Several equities research analysts have recently issued reports on ETFC shares. Zacks Investment Research raised E*TRADE Financial from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Tuesday, December 19th. SunTrust Banks reaffirmed a “buy” rating and set a $53.00 target price on shares of E*TRADE Financial in a research report on Friday, December 15th. Deutsche Bank raised their target price on E*TRADE Financial from $48.00 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. UBS Group raised their target price on E*TRADE Financial from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $70.00 target price on shares of E*TRADE Financial in a research report on Tuesday, January 30th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $54.93.

Shares of E*TRADE Financial Corp (NASDAQ ETFC) traded down $0.15 on Wednesday, reaching $50.05. The company had a trading volume of 2,197,200 shares, compared to its average volume of 2,660,458. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.30. The stock has a market cap of $13,394.76, a price-to-earnings ratio of 23.61, a P/E/G ratio of 0.71 and a beta of 1.34. E*TRADE Financial Corp has a 52 week low of $32.25 and a 52 week high of $56.00.

E*TRADE Financial (NASDAQ:ETFC) last posted its earnings results on Thursday, January 25th. The financial services provider reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.13). The company had revenue of $637.00 million for the quarter, compared to analysts’ expectations of $629.03 million. E*TRADE Financial had a net margin of 25.95% and a return on equity of 10.07%. The firm’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS. sell-side analysts predict that E*TRADE Financial Corp will post 3.24 EPS for the current year.

In other news, insider Michael John Curcio sold 34,158 shares of E*TRADE Financial stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $51.74, for a total transaction of $1,767,334.92. Following the completion of the sale, the insider now owns 207,235 shares in the company, valued at approximately $10,722,338.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph L. Sclafani sold 2,000 shares of E*TRADE Financial stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $52.75, for a total value of $105,500.00. Following the sale, the director now owns 36,304 shares of the company’s stock, valued at approximately $1,915,036. The disclosure for this sale can be found here. Insiders have sold a total of 224,899 shares of company stock valued at $11,633,684 in the last ninety days. Insiders own 0.17% of the company’s stock.

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E*TRADE Financial Profile

E*Trade Financial Corporation is a financial services company. The Company provides online brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial. The Company also provides investor-focused banking products, primarily sweep deposits, to retail investors.

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

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