Alpha Cubed Investments LLC grew its holdings in E*TRADE Financial Corp (NASDAQ:ETFC) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 239,889 shares of the financial services provider’s stock after purchasing an additional 19,392 shares during the period. E*TRADE Financial comprises approximately 1.6% of Alpha Cubed Investments LLC’s holdings, making the stock its 25th largest holding. Alpha Cubed Investments LLC’s holdings in E*TRADE Financial were worth $11,891,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. Valeo Financial Advisors LLC purchased a new position in shares of E*TRADE Financial during the third quarter valued at $136,000. Private Advisor Group LLC bought a new stake in E*TRADE Financial during the fourth quarter valued at about $204,000. Ballentine Partners LLC bought a new stake in E*TRADE Financial during the fourth quarter valued at about $206,000. IBM Retirement Fund bought a new stake in E*TRADE Financial during the fourth quarter valued at about $207,000. Finally, YHB Investment Advisors Inc. bought a new stake in E*TRADE Financial during the fourth quarter valued at about $220,000. Institutional investors and hedge funds own 93.99% of the company’s stock.
In other news, Director Joseph L. Sclafani sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $52.75, for a total value of $105,500.00. Following the completion of the transaction, the director now directly owns 36,304 shares in the company, valued at $1,915,036. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Karl A. Roessner sold 115,059 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $51.79, for a total value of $5,958,905.61. Following the completion of the transaction, the chief executive officer now owns 196,828 shares of the company’s stock, valued at $10,193,722.12. The disclosure for this sale can be found here. In the last three months, insiders sold 224,899 shares of company stock valued at $11,633,684. Corporate insiders own 0.17% of the company’s stock.
Shares of E*TRADE Financial Corp (NASDAQ:ETFC) opened at $51.81 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $13,820.00, a PE ratio of 21.95, a price-to-earnings-growth ratio of 0.73 and a beta of 1.34. E*TRADE Financial Corp has a twelve month low of $32.25 and a twelve month high of $56.00.
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 consensus estimate of $0.61 by ($0.13). The business had revenue of $637.00 million during the quarter, compared to analyst estimates of $629.03 million. E*TRADE Financial had a return on equity of 10.07% and a net margin of 25.95%. E*TRADE Financial’s revenue 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. sell-side analysts forecast that E*TRADE Financial Corp will post 3.25 EPS for the current year.
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About E*TRADE Financial
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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