E*TRADE Financial Corporation (ETFC) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its stake in shares of E*TRADE Financial Corporation (NASDAQ:ETFC) by 26.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,414 shares of the financial services provider’s stock after selling 5,579 shares during the period. Janney Montgomery Scott LLC’s holdings in E*TRADE Financial Corporation were worth $538,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ETFC. Glen Harbor Capital Management LLC boosted its position in E*TRADE Financial Corporation by 1.5% in the first quarter. Glen Harbor Capital Management LLC now owns 187,472 shares of the financial services provider’s stock valued at $6,541,000 after buying an additional 2,832 shares during the last quarter. First Citizens Bank & Trust Co. bought a new position in E*TRADE Financial Corporation during the first quarter valued at $2,258,000. ProShare Advisors LLC boosted its position in E*TRADE Financial Corporation by 58.6% in the first quarter. ProShare Advisors LLC now owns 110,326 shares of the financial services provider’s stock valued at $3,849,000 after buying an additional 40,774 shares during the last quarter. Profund Advisors LLC boosted its position in E*TRADE Financial Corporation by 13.7% in the first quarter. Profund Advisors LLC now owns 64,125 shares of the financial services provider’s stock valued at $2,237,000 after buying an additional 7,717 shares during the last quarter. Finally, Korea Investment CORP boosted its position in E*TRADE Financial Corporation by 9,636.8% in the first quarter. Korea Investment CORP now owns 31,450 shares of the financial services provider’s stock valued at $1,097,000 after buying an additional 31,127 shares during the last quarter. 92.00% of the stock is owned by hedge funds and other institutional investors.

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

E*TRADE Financial Corporation (NASDAQ ETFC) traded down 0.54% during trading on Friday, reaching $37.05. 3,172,593 shares of the company’s stock traded hands. The firm has a market capitalization of $10.18 billion, a PE ratio of 19.21 and a beta of 1.40. The company has a 50-day moving average price of $35.32 and a 200 day moving average price of $35.40. E*TRADE Financial Corporation has a one year low of $21.52 and a one year high of $38.61.

E*TRADE Financial Corporation (NASDAQ:ETFC) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $532.43 million. E*TRADE Financial Corporation had a return on equity of 9.09% and a net margin of 26.90%. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 EPS. On average, analysts anticipate that E*TRADE Financial Corporation will post $1.96 earnings per share for the current fiscal year.

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A number of analysts have commented on ETFC shares. Zacks Investment Research cut shares of E*TRADE Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, February 28th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $42.00 target price on shares of E*TRADE Financial Corporation in a report on Tuesday, February 28th. Sandler O’Neill cut shares of E*TRADE Financial Corporation from a “buy” rating to a “hold” rating in a report on Thursday, March 2nd. JMP Securities reduced their target price on shares of E*TRADE Financial Corporation from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Monday, March 20th. Finally, Deutsche Bank AG reduced their target price on shares of E*TRADE Financial Corporation from $40.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, April 6th. Six research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $36.12.

In other E*TRADE Financial Corporation news, insider Rodger A. Lawson sold 7,947 shares of the firm’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 sale, the insider now directly owns 94,910 shares of the company’s stock, valued at approximately $3,134,877.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.17% of the company’s stock.

About E*TRADE Financial Corporation

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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