WESPAC Advisors LLC acquired a new stake in shares of E-Trade (NASDAQ:ETFC) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,714 shares of the financial services provider’s stock, valued at approximately $704,000.
Other hedge funds have also recently bought and sold shares of the company. CNB Bank purchased a new stake in E-Trade during the fourth quarter valued at about $114,000. Financial Gravity Companies Inc. acquired a new position in shares of E-Trade in the 4th quarter valued at about $202,000. Private Advisor Group LLC acquired a new position in shares of E-Trade in the 4th quarter valued at about $204,000. Ballentine Partners LLC acquired a new position in shares of E-Trade in the 4th quarter valued at about $206,000. Finally, IBM Retirement Fund acquired a new position in shares of E-Trade in the 4th quarter valued at about $207,000. 93.97% of the stock is owned by institutional investors.
In related news, insider Brent Simonich sold 7,680 shares of the stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $53.00, for a total value of $407,040.00. Following the transaction, the insider now owns 26,240 shares in the company, valued at $1,390,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.12% of the company’s stock.
E-Trade opened at $64.39 on Thursday, Marketbeat.com reports. E-Trade has a 52 week low of $63.86 and a 52 week high of $64.49. The company has a market capitalization of $16.94 billion, a P/E ratio of 29.40, a PEG ratio of 1.06 and a beta of 1.29. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.27 and a current ratio of 0.27.
E-Trade (NASDAQ:ETFC) last released its quarterly earnings data on Thursday, April 19th. The financial services provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. E-Trade had a return on equity of 11.64% and a net margin of 28.40%. The firm had revenue of $708.00 million for the quarter, compared to the consensus estimate of $686.31 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The firm’s revenue was up 28.0% on a year-over-year basis. sell-side analysts anticipate that E-Trade will post 3.64 EPS for the current year.
E-Trade Company Profile
E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand. It also offers investor-focused banking products, primarily sweep deposits to retail investors; Federal Deposit Insurance Corporation insurance services; clearing and settlement services; investment advisory services; and financial corporate services, such as software and services for managing equity compensation plans to its corporate clients.
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