Squarepoint Ops LLC decreased its holdings in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 69.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,468 shares of the financial services provider’s stock after selling 312,731 shares during the period. Squarepoint Ops LLC owned about 0.06% of E*TRADE Financial worth $6,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of ETFC. Kavar Capital Partners LLC bought a new position in shares of E*TRADE Financial in the second quarter worth approximately $31,000. FNY Investment Advisers LLC lifted its stake in shares of E*TRADE Financial by 100.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 1,000 shares of the financial services provider’s stock valued at $44,000 after buying an additional 500 shares in the last quarter. Ossiam purchased a new position in shares of E*TRADE Financial during the 2nd quarter valued at $44,000. Signaturefd LLC boosted its holdings in E*TRADE Financial by 58.1% in the 3rd quarter. Signaturefd LLC now owns 1,029 shares of the financial services provider’s stock worth $45,000 after buying an additional 378 shares during the period. Finally, Amica Retiree Medical Trust purchased a new stake in E*TRADE Financial in the 2nd quarter worth $46,000. Hedge funds and other institutional investors own 84.60% of the company’s stock.
In related news, EVP Michael John Curcio sold 53,584 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $45.18, for a total value of $2,420,925.12. Following the sale, the executive vice president now owns 149,159 shares in the company, valued at $6,739,003.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rodger A. Lawson sold 5,109 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $45.18, for a total transaction of $230,824.62. Following the completion of the sale, the director now owns 113,739 shares in the company, valued at approximately $5,138,728.02. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.
ETFC has been the topic of a number of recent analyst reports. ValuEngine cut E*TRADE Financial from a “buy” rating to a “hold” rating in a report on Tuesday. Credit Suisse Group dropped their price objective on E*TRADE Financial from $57.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, October 1st. Deutsche Bank increased their target price on E*TRADE Financial from $35.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Morgan Stanley lifted their target price on E*TRADE Financial from $46.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Co boosted their price target on E*TRADE Financial from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $46.88.
Shares of E*TRADE Financial stock opened at $44.56 on Tuesday. The firm has a market cap of $10.84 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 1.45 and a beta of 1.22. The business has a 50-day moving average price of $42.56 and a 200-day moving average price of $43.86. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.24. E*TRADE Financial Corp has a twelve month low of $34.68 and a twelve month high of $54.08.
E*TRADE Financial (NASDAQ:ETFC) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. The company had revenue of $767.00 million for the quarter, compared to the consensus estimate of $742.83 million. E*TRADE Financial had a return on equity of 18.41% and a net margin of 35.79%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.00 earnings per share. On average, equities analysts expect that E*TRADE Financial Corp will post 4.1 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.56 annualized dividend and a dividend yield of 1.26%. E*TRADE Financial’s dividend payout ratio (DPR) is 14.40%.
E*TRADE Financial Company 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.
Featured Article: What is a Special Dividend?
Want to see what other hedge funds are holding ETFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for E*TRADE Financial Corp (NASDAQ:ETFC).
Receive News & Ratings for E*TRADE Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for E*TRADE Financial and related companies with MarketBeat.com's FREE daily email newsletter.