Wedge Capital Management L L P NC Has $738,000 Stake in E*TRADE Financial Corp (ETFC)

Wedge Capital Management L L P NC decreased its holdings in E*TRADE Financial Corp (NASDAQ:ETFC) by 14.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,897 shares of the financial services provider’s stock after selling 2,571 shares during the period. Wedge Capital Management L L P NC’s holdings in E*TRADE Financial were worth $738,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of ETFC. New England Research & Management Inc. purchased a new stake in shares of E*TRADE Financial in the third quarter valued at about $379,000. Toronto Dominion Bank raised its holdings in E*TRADE Financial by 25.6% during the second quarter. Toronto Dominion Bank now owns 93,052 shares of the financial services provider’s stock worth $3,538,000 after purchasing an additional 18,938 shares in the last quarter. Hills Bank & Trust Co. raised its holdings in E*TRADE Financial by 21.6% during the fourth quarter. Hills Bank & Trust Co. now owns 10,905 shares of the financial services provider’s stock worth $540,000 after purchasing an additional 1,935 shares in the last quarter. Worth Venture Partners LLC raised its holdings in E*TRADE Financial by 42.8% during the third quarter. Worth Venture Partners LLC now owns 12,671 shares of the financial services provider’s stock worth $553,000 after purchasing an additional 3,796 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in E*TRADE Financial by 70.6% during the third quarter. Janus Henderson Group PLC now owns 2,494,035 shares of the financial services provider’s stock worth $108,765,000 after buying an additional 1,031,749 shares during the period. Institutional investors and hedge funds own 93.35% of the company’s stock.

Several research analysts have weighed in on the stock. SunTrust Banks restated a “buy” rating and set a $66.00 target price on shares of E*TRADE Financial in a research report on Tuesday. Morgan Stanley increased their price target on shares of E*TRADE Financial from $63.00 to $64.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. BidaskClub lowered shares of E*TRADE Financial from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 30th. Credit Suisse Group restated a “buy” rating and set a $70.00 target price on shares of E*TRADE Financial in a research report on Tuesday, January 30th. Finally, UBS Group increased their price target on shares of E*TRADE Financial from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $54.93.

In other news, Chairman Rodger A. Lawson sold 3,853 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $51.95, for a total value of $200,163.35. Following the completion of the sale, the chairman now directly owns 96,966 shares in the company, valued at $5,037,383.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael A. Pizzi sold 69,829 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $51.58, for a total transaction of $3,601,779.82. Following the completion of the sale, the chief financial officer now owns 104,847 shares of the company’s stock, valued at $5,408,008.26. The disclosure for this sale can be found here. Insiders sold 224,899 shares of company stock valued at $11,633,684 over the last three months. Insiders own 0.17% of the company’s stock.

Shares of E*TRADE Financial Corp (NASDAQ:ETFC) traded up $1.48 during trading hours on Thursday, reaching $51.53. 1,985,800 shares of the company traded hands, compared to its average volume of 2,671,972. The company has a market cap of $13,354.74, a P/E ratio of 23.99, a PEG ratio of 0.71 and a beta of 1.34. E*TRADE Financial Corp has a 12-month low of $32.25 and a 12-month high of $56.00. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.27 and a current ratio of 0.27.

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

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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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