Occidental Asset Management LLC Raises Stock Holdings in E*TRADE Financial Corp (NASDAQ:ETFC)

Occidental Asset Management LLC boosted its position in E*TRADE Financial Corp (NASDAQ:ETFC) by 11.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,422 shares of the financial services provider’s stock after buying an additional 2,071 shares during the quarter. Occidental Asset Management LLC’s holdings in E*TRADE Financial were worth $881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. APG Asset Management N.V. grew its position in shares of E*TRADE Financial by 17.4% in the second quarter. APG Asset Management N.V. now owns 29,000 shares of the financial services provider’s stock valued at $1,136,000 after purchasing an additional 4,300 shares in the last quarter. United Capital Financial Advisers LLC grew its position in shares of E*TRADE Financial by 13.0% in the second quarter. United Capital Financial Advisers LLC now owns 27,499 shares of the financial services provider’s stock valued at $1,226,000 after purchasing an additional 3,168 shares in the last quarter. BlackRock Inc. grew its position in shares of E*TRADE Financial by 2.4% in the second quarter. BlackRock Inc. now owns 19,972,522 shares of the financial services provider’s stock valued at $890,775,000 after purchasing an additional 469,538 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of E*TRADE Financial by 6.4% in the second quarter. Asset Management One Co. Ltd. now owns 132,526 shares of the financial services provider’s stock valued at $5,910,000 after purchasing an additional 8,007 shares in the last quarter. Finally, Rampart Investment Management Company LLC grew its position in shares of E*TRADE Financial by 36.7% in the second quarter. Rampart Investment Management Company LLC now owns 3,156 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 848 shares in the last quarter. 84.83% of the stock is owned by institutional investors and hedge funds.

Shares of ETFC stock opened at $46.69 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $45.55 and a two-hundred day moving average price of $43.74. E*TRADE Financial Corp has a 12-month low of $34.68 and a 12-month high of $52.35. The firm has a market cap of $11.39 billion, a P/E ratio of 12.00, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22.

E*TRADE Financial (NASDAQ:ETFC) last issued its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.07. E*TRADE Financial had a return on equity of 18.41% and a net margin of 35.79%. The firm had revenue of $767.00 million during the quarter, compared to analyst estimates of $742.83 million. During the same quarter in the previous year, the company posted $1.00 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. As a group, research analysts expect that E*TRADE Financial Corp will post 4.09 EPS for the current fiscal year.

Several equities research analysts recently issued reports on ETFC shares. Deutsche Bank dropped their price objective on E*TRADE Financial from $46.00 to $45.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. Raymond James lifted their price objective on E*TRADE Financial from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Wells Fargo & Co lifted their price objective on E*TRADE Financial from $40.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, January 9th. BidaskClub lowered E*TRADE Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 20th. Finally, JMP Securities lifted their price objective on E*TRADE Financial from $50.00 to $53.00 and gave the company a “market outperform” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $47.88.

About E*TRADE Financial

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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