E*TRADE Financial Corp (ETFC) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC reduced its stake in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 14.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,897 shares of the financial services provider’s stock after selling 2,571 shares during the period. Wedge Capital Management L L P NC’s holdings in E*TRADE Financial were worth $738,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Quadrant Capital Group LLC grew its holdings in shares of E*TRADE Financial by 21.8% during the 2nd quarter. Quadrant Capital Group LLC now owns 3,436 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 614 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of E*TRADE Financial during the 3rd quarter valued at $136,000. Krilogy Financial LLC grew its holdings in shares of E*TRADE Financial by 7.5% during the 2nd quarter. Krilogy Financial LLC now owns 3,710 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 260 shares in the last quarter. Visionary Asset Management Inc. purchased a new position in shares of E*TRADE Financial during the 3rd quarter valued at $209,000. Finally, Suntrust Banks Inc. purchased a new position in shares of E*TRADE Financial during the 2nd quarter valued at $213,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Several equities analysts have recently commented on the stock. SunTrust Banks restated a “buy” rating and set a $50.00 price target on shares of E*TRADE Financial in a report on Friday, October 20th. Morgan Stanley boosted their price target on shares of E*TRADE Financial from $63.00 to $64.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Barclays boosted their price target on shares of E*TRADE Financial from $49.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, October 20th. Zacks Investment Research lowered shares of E*TRADE Financial from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Finally, Wells Fargo & Co lifted their price objective on shares of E*TRADE Financial from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $54.87.

Shares of E*TRADE Financial Corp (NASDAQ ETFC) opened at $51.55 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.30. E*TRADE Financial Corp has a 52 week low of $32.25 and a 52 week high of $56.00. The stock has a market cap of $13,949.76, a price-to-earnings ratio of 23.87, a P/E/G ratio of 0.74 and a beta of 1.34.

E*TRADE Financial (NASDAQ:ETFC) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.13). E*TRADE Financial had a net margin of 25.95% and a return on equity of 10.07%. The business had revenue of $637.00 million during the quarter, compared to analyst estimates of $629.03 million. During the same period in the previous year, the firm posted $0.46 EPS. The firm’s revenue for the quarter was up 25.1% on a year-over-year basis. research analysts forecast that E*TRADE Financial Corp will post 3.23 earnings per share for the current year.

In other E*TRADE Financial news, Director Joseph L. Sclafani sold 2,000 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $52.75, for a total transaction of $105,500.00. Following the completion of 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 can be accessed through this hyperlink. 0.17% of the stock is owned by insiders.

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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.

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

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