E*TRADE Financial Corp (ETFC) Position Lowered by Northwestern Mutual Investment Management Company LLC

Northwestern Mutual Investment Management Company LLC trimmed its stake in E*TRADE Financial Corp (NASDAQ:ETFC) by 20.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,478 shares of the financial services provider’s stock after selling 12,665 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in E*TRADE Financial were worth $2,686,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ETFC. Gluskin Sheff & Assoc Inc. acquired a new stake in E*TRADE Financial during the 1st quarter worth $1,642,000. Rampart Investment Management Company LLC boosted its stake in E*TRADE Financial by 329.6% during the 1st quarter. Rampart Investment Management Company LLC now owns 15,969 shares of the financial services provider’s stock worth $885,000 after purchasing an additional 12,252 shares during the period. Moneta Group Investment Advisors LLC boosted its stake in E*TRADE Financial by 63.2% during the 1st quarter. Moneta Group Investment Advisors LLC now owns 7,433 shares of the financial services provider’s stock worth $412,000 after purchasing an additional 2,878 shares during the period. FIL Ltd acquired a new stake in E*TRADE Financial during the 1st quarter worth $16,291,000. Finally, Credit Agricole S A boosted its stake in E*TRADE Financial by 75.6% during the 1st quarter. Credit Agricole S A now owns 91,660 shares of the financial services provider’s stock worth $5,079,000 after purchasing an additional 39,460 shares during the period. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

ETFC has been the subject of a number of recent research reports. BidaskClub upgraded shares of E*TRADE Financial from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 17th. Keefe, Bruyette & Woods upgraded shares of E*TRADE Financial from a “market perform” rating to an “outperform” rating and set a $61.00 price target for the company in a research note on Tuesday, March 6th. UBS Group upgraded shares of E*TRADE Financial from an “outperform” rating to a “strong-buy” rating in a research note on Monday, March 12th. Raymond James upgraded shares of E*TRADE Financial from an “outperform” rating to a “strong-buy” rating in a research note on Monday, March 12th. Finally, Sandler O’Neill reiterated a “hold” rating and set a $58.00 price target on shares of E*TRADE Financial in a research note on Thursday, March 15th. Two investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $61.17.

ETFC stock opened at $64.88 on Thursday. E*TRADE Financial Corp has a one year low of $36.09 and a one year high of $66.46. The firm has a market capitalization of $17.02 billion, a PE ratio of 29.63, a PEG ratio of 1.07 and a beta of 1.27. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.31.

E*TRADE Financial (NASDAQ:ETFC) last released its earnings results on Thursday, April 19th. The financial services provider reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.09. E*TRADE Financial had a net margin of 28.40% and a return on equity of 11.64%. The company had revenue of $708.00 million during the quarter, compared to analysts’ expectations of $686.31 million. During the same quarter last year, the business earned $0.48 EPS. The business’s revenue was up 28.0% on a year-over-year basis. research analysts expect that E*TRADE Financial Corp will post 3.64 EPS for the current year.

E*TRADE Financial Profile

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand. It also offers investor-focused banking products, primarily sweep deposits to retail investors; Federal Deposit Insurance Corporation insurance services; clearing and settlement services; investment advisory services; and financial corporate services, such as software and services for managing equity compensation plans to its corporate clients.

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

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