E*TRADE Financial Corp (ETFC) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 17.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 665,738 shares of the financial services provider’s stock after selling 141,108 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.25% of E*TRADE Financial worth $29,033,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its holdings in E*TRADE Financial by 80.8% in the second quarter. Advisors Asset Management Inc. now owns 3,239 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 1,448 shares during the period. Quadrant Capital Group LLC boosted its holdings in E*TRADE Financial by 21.8% in the second quarter. Quadrant Capital Group LLC now owns 3,436 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 614 shares during the period. Krilogy Financial LLC boosted its holdings in E*TRADE Financial by 7.5% in the second quarter. Krilogy Financial LLC now owns 3,710 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 260 shares during the period. Flagship Harbor Advisors LLC purchased a new position in E*TRADE Financial in the third quarter valued at $234,000. Finally, Greenwood Capital Associates LLC purchased a new position in E*TRADE Financial in the third quarter valued at $229,000. Institutional investors and hedge funds own 94.32% of the company’s stock.

Shares of E*TRADE Financial Corp (NASDAQ ETFC) opened at $49.92 on Wednesday. The stock has a market capitalization of $13,540.00, a PE ratio of 24.69, a price-to-earnings-growth ratio of 1.73 and a beta of 1.45. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.26. E*TRADE Financial Corp has a fifty-two week low of $32.25 and a fifty-two week high of $50.90.

E*TRADE Financial (NASDAQ:ETFC) last announced its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.04. The company had revenue of $599.00 million during the quarter, compared to the consensus estimate of $598.96 million. E*TRADE Financial had a return on equity of 9.34% and a net margin of 27.35%. E*TRADE Financial’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. sell-side analysts predict that E*TRADE Financial Corp will post 2.26 earnings per share for the current fiscal year.

In other E*TRADE Financial news, insider Michael John Curcio sold 33,474 shares of E*TRADE Financial stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $40.38, for a total transaction of $1,351,680.12. Following the completion of the sale, the insider now directly owns 267,151 shares of the company’s stock, valued at approximately $10,787,557.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Karl A. Roessner sold 8,578 shares of E*TRADE Financial stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $40.49, for a total value of $347,323.22. Following the sale, the chief executive officer now directly owns 225,731 shares of the company’s stock, valued at $9,139,848.19. The disclosure for this sale can be found here. 0.17% of the stock is owned by insiders.

A number of research analysts recently issued reports on the company. Credit Suisse Group assumed coverage on E*TRADE Financial in a report on Thursday, November 30th. They issued an “outperform” rating and a $56.00 target price for the company. Barclays lifted their target price on E*TRADE Financial from $45.00 to $49.00 and gave the company an “overweight” rating in a report on Tuesday, October 10th. SunTrust Banks reiterated a “buy” rating and issued a $50.00 target price on shares of E*TRADE Financial in a report on Monday, September 18th. Zacks Investment Research lowered E*TRADE Financial from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Finally, Wells Fargo & Company lifted their target price on E*TRADE Financial from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $47.40.

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E*TRADE Financial 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.

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

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