Maven Securities LTD acquired a new stake in shares of E*TRADE Financial Corp (NASDAQ:ETFC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,960 shares of the financial services provider’s stock, valued at approximately $624,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC boosted its stake in E*TRADE Financial by 95.7% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 1,458,267 shares of the financial services provider’s stock valued at $67,708,000 after buying an additional 713,076 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of E*TRADE Financial by 221,128.4% in the first quarter. Clearbridge Investments LLC now owns 707,931 shares of the financial services provider’s stock worth $32,869,000 after acquiring an additional 707,611 shares during the last quarter. First Trust Advisors LP raised its stake in shares of E*TRADE Financial by 10.0% in the second quarter. First Trust Advisors LP now owns 4,276,470 shares of the financial services provider’s stock worth $190,731,000 after acquiring an additional 389,154 shares during the last quarter. Clark Capital Management Group Inc. lifted its position in shares of E*TRADE Financial by 2,066.6% during the second quarter. Clark Capital Management Group Inc. now owns 398,910 shares of the financial services provider’s stock worth $17,791,000 after purchasing an additional 380,498 shares in the last quarter. Finally, State of Wisconsin Investment Board lifted its position in shares of E*TRADE Financial by 102.7% during the first quarter. State of Wisconsin Investment Board now owns 532,348 shares of the financial services provider’s stock worth $24,717,000 after purchasing an additional 269,737 shares in the last quarter. 90.33% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on ETFC shares. Credit Suisse Group set a $57.00 price target on shares of E*TRADE Financial and gave the company a “buy” rating in a report on Friday, July 19th. JMP Securities increased their price objective on shares of E*TRADE Financial to $63.00 and gave the company a “market perform” rating in a report on Friday, July 19th. Raymond James set a $57.00 price objective on shares of E*TRADE Financial and gave the company a “buy” rating in a research note on Friday, July 19th. BidaskClub lowered shares of E*TRADE Financial from a “hold” rating to a “sell” rating in a report on Tuesday, August 13th. Finally, Deutsche Bank dropped their target price on shares of E*TRADE Financial from $45.00 to $43.00 and set a “hold” rating for the company in a research report on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $55.46.

ETFC traded up $0.49 during mid-day trading on Wednesday, hitting $44.59. The stock had a trading volume of 396,140 shares, compared to its average volume of 2,608,804. The stock’s fifty day simple moving average is $43.45 and its 200-day simple moving average is $46.54. The firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 0.93 and a beta of 1.20. E*TRADE Financial Corp has a 1-year low of $39.31 and a 1-year high of $56.44. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.27 and a quick ratio of 0.27.

E*TRADE Financial (NASDAQ:ETFC) last released its quarterly earnings data on Thursday, July 18th. The financial services provider reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.02. The business had revenue of $685.00 million during the quarter, compared to analysts’ expectations of $751.35 million. E*TRADE Financial had a net margin of 36.75% and a return on equity of 18.44%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 EPS. As a group, research analysts expect that E*TRADE Financial Corp will post 4.31 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 19th were paid a $0.14 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.56 dividend on an annualized basis and a yield of 1.26%. E*TRADE Financial’s payout ratio is 14.40%.

E*TRADE Financial announced that its board has approved a share buyback program on Thursday, July 18th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 12.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

E*TRADE Financial Company 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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