Stifel Financial Corp Decreases Stake in E*TRADE Financial Corp (NASDAQ:ETFC)

Stifel Financial Corp cut its holdings in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 13.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,110 shares of the financial services provider’s stock after selling 28,442 shares during the quarter. Stifel Financial Corp owned approximately 0.08% of E*TRADE Financial worth $8,197,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Kavar Capital Partners LLC bought a new stake in shares of E*TRADE Financial during the 2nd quarter valued at $31,000. FNY Investment Advisers LLC lifted its position in E*TRADE Financial by 100.0% during the second quarter. FNY Investment Advisers LLC now owns 1,000 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 500 shares during the last quarter. Ossiam bought a new stake in E*TRADE Financial during the second quarter valued at approximately $44,000. Signaturefd LLC grew its stake in E*TRADE Financial by 58.1% in the 3rd quarter. Signaturefd LLC now owns 1,029 shares of the financial services provider’s stock worth $45,000 after buying an additional 378 shares in the last quarter. Finally, Amica Retiree Medical Trust purchased a new position in E*TRADE Financial in the 2nd quarter worth approximately $46,000. Hedge funds and other institutional investors own 84.60% of the company’s stock.

In other news, Director Rodger A. Lawson sold 5,109 shares of E*TRADE Financial stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $45.18, for a total value of $230,824.62. Following the completion of the transaction, the director now owns 113,739 shares of the company’s stock, valued at approximately $5,138,728.02. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michael John Curcio sold 53,584 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $45.18, for a total transaction of $2,420,925.12. Following the completion of the transaction, the executive vice president now owns 149,159 shares in the company, valued at approximately $6,739,003.62. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

A number of analysts have recently issued reports on ETFC shares. Barclays lifted their price objective on shares of E*TRADE Financial from $32.00 to $39.00 and gave the stock an “underweight” rating in a report on Wednesday, November 27th. Jefferies Financial Group set a $44.00 price objective on shares of E*TRADE Financial and gave the stock a “buy” rating in a report on Thursday, October 10th. UBS Group upped their price objective on shares of E*TRADE Financial from $41.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, October 18th. BidaskClub raised E*TRADE Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, ValuEngine lowered E*TRADE Financial from a “buy” rating to a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $47.13.

ETFC stock opened at $44.37 on Wednesday. E*TRADE Financial Corp has a fifty-two week low of $34.68 and a fifty-two week high of $52.84. The company has a market capitalization of $10.84 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 1.45 and a beta of 1.22. The business’s 50 day moving average price is $42.66 and its two-hundred day moving average price is $43.84. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.28 and a current ratio of 0.28.

E*TRADE Financial (NASDAQ:ETFC) last released its earnings results on Thursday, October 17th. The financial services provider reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.07. The company had revenue of $767.00 million during the quarter, compared to analysts’ expectations of $742.83 million. E*TRADE Financial had a return on equity of 18.41% and a net margin of 35.79%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 EPS. Sell-side analysts forecast that E*TRADE Financial Corp will post 4.1 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Thursday, November 7th. E*TRADE Financial’s dividend payout ratio is presently 14.40%.

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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