Green Square Capital LLC Has $483,000 Holdings in E*TRADE Financial Corp (ETFC)

Green Square Capital LLC lessened its holdings in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 12.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 8,708 shares of the financial services provider’s stock after selling 1,261 shares during the quarter. Green Square Capital LLC’s holdings in E*TRADE Financial were worth $483,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. BlackRock Inc. boosted its position in E*TRADE Financial by 5.4% during the 1st quarter. BlackRock Inc. now owns 21,722,257 shares of the financial services provider’s stock worth $1,203,632,000 after acquiring an additional 1,122,577 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of E*TRADE Financial by 1.0% in the 1st quarter. Thrivent Financial for Lutherans now owns 3,637,490 shares of the financial services provider’s stock worth $201,554,000 after buying an additional 36,034 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of E*TRADE Financial by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 3,259,098 shares of the financial services provider’s stock worth $161,249,000 after buying an additional 87,705 shares in the last quarter. Discovery Capital Management LLC CT bought a new stake in shares of E*TRADE Financial in the 4th quarter worth $96,919,000. Finally, Manning & Napier Group LLC raised its stake in shares of E*TRADE Financial by 75.2% in the 1st quarter. Manning & Napier Group LLC now owns 1,948,425 shares of the financial services provider’s stock worth $107,960,000 after buying an additional 836,090 shares in the last quarter. Institutional investors own 93.29% of the company’s stock.

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

Shares of E*TRADE Financial opened at $64.88 on Thursday, MarketBeat reports. The firm has a market cap of $17.02 billion, a PE ratio of 29.63, a P/E/G ratio of 1.07 and a beta of 1.27. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.31. E*TRADE Financial Corp has a 12-month low of $36.09 and a 12-month high of $66.46.

E*TRADE Financial (NASDAQ:ETFC) last announced its earnings results on Thursday, April 19th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. The company had revenue of $708.00 million for the quarter, compared to analyst estimates of $686.31 million. E*TRADE Financial had a return on equity of 11.64% and a net margin of 28.40%. E*TRADE Financial’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 earnings per share. equities research analysts predict that E*TRADE Financial Corp will post 3.64 EPS for the current fiscal year.

E*TRADE Financial Company 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.

Want to see what other hedge funds are holding ETFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for E*TRADE Financial Corp (NASDAQ:ETFC).

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

Receive News & Ratings for E*TRADE Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for E*TRADE Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit