Jefferies Group LLC cut its holdings in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 41.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,733 shares of the financial services provider’s stock after selling 28,383 shares during the period. Jefferies Group LLC’s holdings in E*TRADE Financial were worth $2,019,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Valeo Financial Advisors LLC bought a new stake in E*TRADE Financial during the 3rd quarter worth approximately $136,000. Financial Gravity Companies Inc. bought a new stake in E*TRADE Financial during the 4th quarter worth approximately $202,000. Private Advisor Group LLC bought a new stake in E*TRADE Financial during the 4th quarter worth approximately $204,000. Ballentine Partners LLC bought a new stake in E*TRADE Financial during the 4th quarter worth approximately $206,000. Finally, IBM Retirement Fund bought a new stake in E*TRADE Financial during the 4th quarter worth approximately $207,000. Institutional investors and hedge funds own 93.20% of the company’s stock.

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E*TRADE Financial Corp (NASDAQ:ETFC) opened at $56.99 on Wednesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $15,415.43, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 0.81 and a beta of 1.31. E*TRADE Financial Corp has a 1-year low of $32.25 and a 1-year high of $58.45.

E*TRADE Financial (NASDAQ:ETFC) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.13). The company had revenue of $637.00 million during the quarter, compared to analyst estimates of $629.03 million. E*TRADE Financial had a net margin of 25.95% and a return on equity of 10.07%. The business’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same period last year, the company earned $0.46 EPS. equities analysts expect that E*TRADE Financial Corp will post 3.26 earnings per share for the current year.

A number of equities research analysts recently commented on ETFC shares. Credit Suisse Group started coverage on E*TRADE Financial in a research report on Thursday, November 30th. They set an “outperform” rating and a $56.00 price target on the stock. SunTrust Banks restated a “buy” rating and set a $53.00 price target on shares of E*TRADE Financial in a research report on Friday, December 15th. Zacks Investment Research raised E*TRADE Financial from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Tuesday, December 19th. Morgan Stanley raised E*TRADE Financial from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $44.00 to $43.00 in a report on Wednesday, January 3rd. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $60.00 price objective (up previously from $51.00) on shares of E*TRADE Financial in a report on Thursday, January 4th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $55.13.

In other news, CEO Karl A. Roessner sold 115,059 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $51.79, for a total value of $5,958,905.61. Following the transaction, the chief executive officer now owns 196,828 shares of the company’s stock, valued at approximately $10,193,722.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brent Simonich sold 7,680 shares of the stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $53.00, for a total value of $407,040.00. Following the completion of the transaction, the insider now directly owns 26,240 shares in the company, valued at approximately $1,390,720. The disclosure for this sale can be found here. In the last three months, insiders sold 232,579 shares of company stock worth $12,040,724. 0.17% of the stock is currently owned by company insiders.

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About E*TRADE Financial

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

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