California State Teachers Retirement System cut its holdings in E*TRADE Financial Corp (NASDAQ:ETFC) by 3.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 409,353 shares of the financial services provider’s stock after selling 16,418 shares during the period. California State Teachers Retirement System owned approximately 0.16% of E*TRADE Financial worth $17,962,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in ETFC. IFP Advisors Inc grew its stake in E*TRADE Financial by 93.0% during the fourth quarter. IFP Advisors Inc now owns 965 shares of the financial services provider’s stock worth $42,000 after buying an additional 465 shares in the last quarter. FNY Investment Advisers LLC grew its stake in E*TRADE Financial by 100.0% during the fourth quarter. FNY Investment Advisers LLC now owns 1,000 shares of the financial services provider’s stock worth $43,000 after buying an additional 500 shares in the last quarter. Legacy Financial Advisors Inc. grew its stake in E*TRADE Financial by 751.2% during the fourth quarter. Legacy Financial Advisors Inc. now owns 1,047 shares of the financial services provider’s stock worth $46,000 after buying an additional 924 shares in the last quarter. Csenge Advisory Group acquired a new stake in E*TRADE Financial during the third quarter worth about $58,000. Finally, CWM LLC grew its stake in E*TRADE Financial by 41.0% during the fourth quarter. CWM LLC now owns 1,500 shares of the financial services provider’s stock worth $66,000 after buying an additional 436 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

A number of brokerages have issued reports on ETFC. Zacks Investment Research downgraded shares of E*TRADE Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 14th. ValuEngine upgraded shares of E*TRADE Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. UBS Group cut shares of E*TRADE Financial from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $58.00 to $51.00 in a report on Wednesday, February 20th. BidaskClub cut shares of E*TRADE Financial from a “hold” rating to a “sell” rating in a report on Tuesday, December 11th. Finally, Wells Fargo & Co dropped their target price on shares of E*TRADE Financial from $62.00 to $55.00 and set an “outperform” rating for the company in a report on Friday, January 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $61.33.

Shares of NASDAQ ETFC opened at $49.02 on Friday. The company has a market capitalization of $11.84 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 1.08 and a beta of 1.15. E*TRADE Financial Corp has a 1 year low of $40.41 and a 1 year high of $66.46. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.28 and a quick ratio of 0.28.

E*TRADE Financial (NASDAQ:ETFC) last issued its quarterly earnings data on Thursday, January 24th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01. The business had revenue of $735.00 million during the quarter, compared to analyst estimates of $745.69 million. E*TRADE Financial had a net margin of 36.62% and a return on equity of 17.27%. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the business earned $0.64 EPS. Analysts forecast that E*TRADE Financial Corp will post 4.17 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Friday, February 1st were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, January 31st. This represents a $0.56 dividend on an annualized basis and a yield of 1.14%. E*TRADE Financial’s dividend payout ratio (DPR) is presently 14.40%.

In related news, CEO Karl A. Roessner sold 45,724 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $47.35, for a total value of $2,165,031.40. Following the completion of the transaction, the chief executive officer now owns 175,092 shares in the company, valued at approximately $8,290,606.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Michael John Curcio sold 21,928 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $47.36, for a total transaction of $1,038,510.08. Following the completion of the transaction, the executive vice president now owns 213,896 shares of the company’s stock, valued at approximately $10,130,114.56. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.

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

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