Crossmark Global Holdings Inc. reduced its stake in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 10.0% during the fourth quarter, HoldingsChannel reports. The firm owned 34,741 shares of the financial services provider’s stock after selling 3,841 shares during the period. Crossmark Global Holdings Inc.’s holdings in E*TRADE Financial were worth $1,722,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Suntrust Banks Inc. acquired a new position in E*TRADE Financial during the second quarter worth about $213,000. Macquarie Group Ltd. grew its holdings in E*TRADE Financial by 2,184.6% during the second quarter. Macquarie Group Ltd. now owns 121,083 shares of the financial services provider’s stock worth $4,605,000 after acquiring an additional 115,783 shares during the period. WINTON GROUP Ltd acquired a new position in E*TRADE Financial during the second quarter worth about $245,000. Toronto Dominion Bank grew its holdings in E*TRADE Financial by 25.6% during the second quarter. Toronto Dominion Bank now owns 93,052 shares of the financial services provider’s stock worth $3,538,000 after acquiring an additional 18,938 shares during the period. Finally, Sentry Investment Management LLC grew its holdings in E*TRADE Financial by 0.6% during the second quarter. Sentry Investment Management LLC now owns 17,179 shares of the financial services provider’s stock worth $653,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds own 93.35% of the company’s stock.

E*TRADE Financial Corp (ETFC) opened at $50.05 on Wednesday. The firm has a market capitalization of $13,394.76, a PE ratio of 22.92, a P/E/G ratio of 0.71 and a beta of 1.34. E*TRADE Financial Corp has a 12 month low of $32.25 and a 12 month high of $56.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.27 and a quick ratio of 0.27.

E*TRADE Financial (NASDAQ:ETFC) last issued 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 analysts’ expectations of $629.03 million. E*TRADE Financial had a return on equity of 10.07% and a net margin of 25.95%. The company’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 EPS. analysts expect that E*TRADE Financial Corp will post 3.24 earnings per share for the current fiscal year.

In other E*TRADE Financial news, Director Joseph L. Sclafani sold 2,000 shares of E*TRADE Financial stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $52.75, for a total transaction of $105,500.00. Following the transaction, the director now owns 36,304 shares of the company’s stock, valued at approximately $1,915,036. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael John Curcio sold 34,158 shares of E*TRADE Financial stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $51.74, for a total value of $1,767,334.92. Following the transaction, the insider now directly owns 207,235 shares in the company, valued at approximately $10,722,338.90. The disclosure for this sale can be found here. Insiders sold a total of 224,899 shares of company stock worth $11,633,684 in the last three months. 0.17% of the stock is currently owned by company insiders.

A number of research firms recently issued reports on ETFC. SunTrust Banks reaffirmed a “buy” rating and set a $50.00 target price on shares of E*TRADE Financial in a report on Friday, October 20th. Morgan Stanley lifted their target price on E*TRADE Financial from $63.00 to $64.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Barclays lifted their target price on E*TRADE Financial from $49.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, October 20th. Zacks Investment Research lowered E*TRADE Financial from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Finally, Wells Fargo & Co lifted their target price on E*TRADE Financial from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, October 20th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $54.93.

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E*TRADE Financial Company Profile

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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