E*TRADE Financial Corp (NASDAQ:ETFC) Shares Purchased by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. increased its position in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 10.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,257 shares of the financial services provider’s stock after purchasing an additional 10,698 shares during the period. Candriam Luxembourg S.C.A.’s holdings in E*TRADE Financial were worth $5,002,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its position in shares of E*TRADE Financial by 3.2% during the fourth quarter. Rhumbline Advisers now owns 370,486 shares of the financial services provider’s stock valued at $16,809,000 after acquiring an additional 11,368 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of E*TRADE Financial by 11.3% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 41,480 shares of the financial services provider’s stock valued at $1,883,000 after acquiring an additional 4,215 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of E*TRADE Financial by 2.3% during the fourth quarter. Victory Capital Management Inc. now owns 7,120,591 shares of the financial services provider’s stock valued at $303,480,000 after acquiring an additional 160,372 shares during the last quarter. Cambridge Trust Co. acquired a new stake in shares of E*TRADE Financial during the fourth quarter valued at about $202,000. Finally, Bessemer Group Inc. increased its position in shares of E*TRADE Financial by 0.8% during the fourth quarter. Bessemer Group Inc. now owns 64,041 shares of the financial services provider’s stock valued at $2,906,000 after acquiring an additional 495 shares during the last quarter. Hedge funds and other institutional investors own 84.01% of the company’s stock.

In related news, Director Rodger A. Lawson sold 32,634 shares of E*TRADE Financial stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $44.53, for a total value of $1,453,192.02. Following the completion of the transaction, the director now owns 84,915 shares in the company, valued at $3,781,264.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

Shares of ETFC stock opened at $44.19 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.28 and a current ratio of 0.29. The stock has a market capitalization of $10.91 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 2.60 and a beta of 1.22. The company has a 50 day moving average price of $45.15 and a 200 day moving average price of $43.47. E*TRADE Financial Corp has a fifty-two week low of $34.68 and a fifty-two week high of $52.35.

E*TRADE Financial (NASDAQ:ETFC) last announced its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.01. The firm had revenue of $679.00 million during the quarter, compared to analysts’ expectations of $672.06 million. E*TRADE Financial had a net margin of 33.09% and a return on equity of 17.09%. The business’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.06 earnings per share. On average, research analysts forecast that E*TRADE Financial Corp will post 3.68 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 25th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Monday, February 24th. E*TRADE Financial’s dividend payout ratio (DPR) is currently 13.90%.

A number of equities research analysts have weighed in on the stock. UBS Group lifted their price target on shares of E*TRADE Financial from $41.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, October 18th. ValuEngine upgraded shares of E*TRADE Financial from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. BidaskClub cut shares of E*TRADE Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, February 5th. Credit Suisse Group lifted their price objective on shares of E*TRADE Financial from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, Morgan Stanley lifted their price objective on shares of E*TRADE Financial from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $49.21.

E*TRADE Financial Profile

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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