E*TRADE Financial Corporation (ETFC) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in shares of E*TRADE Financial Corporation (NASDAQ:ETFC) by 82.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 186,379 shares of the financial services provider’s stock after buying an additional 84,407 shares during the period. Teacher Retirement System of Texas owned approximately 0.07% of E*TRADE Financial Corporation worth $6,503,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of E*TRADE Financial Corporation during the fourth quarter worth about $206,000. Pier 88 Investment Partners LLC bought a new position in E*TRADE Financial Corporation during the fourth quarter worth approximately $452,000. Calamos Advisors LLC bought a new position in E*TRADE Financial Corporation during the fourth quarter worth approximately $15,229,000. ING Groep NV boosted its position in E*TRADE Financial Corporation by 55.2% in the fourth quarter. ING Groep NV now owns 15,755 shares of the financial services provider’s stock worth $545,000 after buying an additional 5,606 shares during the period. Finally, Frontier Capital Management Co. LLC boosted its position in E*TRADE Financial Corporation by 0.3% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,695,840 shares of the financial services provider’s stock worth $58,761,000 after buying an additional 5,317 shares during the period. Institutional investors and hedge funds own 92.10% of the company’s stock.

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

Shares of E*TRADE Financial Corporation (NASDAQ ETFC) traded down 1.2225% during mid-day trading on Tuesday, reaching $37.1601. The company’s stock had a trading volume of 576,630 shares. The company’s 50-day moving average price is $35.41 and its 200-day moving average price is $35.44. E*TRADE Financial Corporation has a 12-month low of $21.52 and a 12-month high of $38.61. The stock has a market capitalization of $10.21 billion, a P/E ratio of 19.2639 and a beta of 1.40.

E*TRADE Financial Corporation (NASDAQ:ETFC) last issued its earnings results on Thursday, April 20th. The financial services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.09. The firm had revenue of $553 million for the quarter, compared to the consensus estimate of $532.43 million. E*TRADE Financial Corporation had a return on equity of 9.09% and a net margin of 26.90%. The company’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. On average, equities research analysts forecast that E*TRADE Financial Corporation will post $1.96 earnings per share for the current fiscal year.

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Several research analysts have issued reports on ETFC shares. SunTrust Banks, Inc. raised their price target on shares of E*TRADE Financial Corporation from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Friday. Wells Fargo & Co reaffirmed an “outperform” rating and set a $41.00 price objective (up previously from $40.00) on shares of E*TRADE Financial Corporation in a research report on Monday, June 12th. BidaskClub raised shares of E*TRADE Financial Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. Zacks Investment Research downgraded shares of E*TRADE Financial Corporation from a “hold” rating to a “sell” rating in a research report on Monday, April 10th. Finally, Instinet reissued a “buy” rating and issued a $44.00 price target (up previously from $42.00) on shares of E*TRADE Financial Corporation in a research report on Sunday, April 23rd. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $36.12.

In related news, insider Rodger A. Lawson sold 7,947 shares of the company’s stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $33.03, for a total value of $262,489.41. Following the completion of the transaction, the insider now owns 94,910 shares of the company’s stock, valued at approximately $3,134,877.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.17% of the company’s stock.

E*TRADE Financial Corporation Company 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.

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