Voya Financial Advisors Inc. Acquires 355 Shares of E*TRADE Financial Corp (NASDAQ:ETFC)

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Voya Financial Advisors Inc. lifted its holdings in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,752 shares of the financial services provider’s stock after purchasing an additional 355 shares during the period. Voya Financial Advisors Inc.’s holdings in E*TRADE Financial were worth $292,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in ETFC. Bessemer Group Inc. boosted its position in E*TRADE Financial by 5,600.1% during the 2nd quarter. Bessemer Group Inc. now owns 65,266 shares of the financial services provider’s stock valued at $2,911,000 after buying an additional 64,121 shares during the period. FDx Advisors Inc. lifted its position in E*TRADE Financial by 3.9% during the 2nd quarter. FDx Advisors Inc. now owns 7,032 shares of the financial services provider’s stock valued at $314,000 after acquiring an additional 267 shares during the period. State of Alaska Department of Revenue lifted its position in E*TRADE Financial by 3.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 44,316 shares of the financial services provider’s stock valued at $1,975,000 after acquiring an additional 1,395 shares during the period. FNY Investment Advisers LLC lifted its position in E*TRADE Financial by 100.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 1,000 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 500 shares during the period. Finally, Chemical Bank purchased a new position in E*TRADE Financial during the 2nd quarter valued at about $332,000. 84.60% of the stock is currently owned by institutional investors.

Shares of ETFC stock opened at $44.30 on Monday. The company has a 50 day moving average price of $42.26 and a 200-day moving average price of $43.93. E*TRADE Financial Corp has a 52 week low of $34.68 and a 52 week high of $54.08. The firm has a market capitalization of $10.84 billion, a PE ratio of 11.39, a P/E/G ratio of 1.45 and a beta of 1.22. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.24.

E*TRADE Financial (NASDAQ:ETFC) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. E*TRADE Financial had a net margin of 35.79% and a return on equity of 18.41%. The firm had revenue of $767.00 million during the quarter, compared to analyst estimates of $742.83 million. During the same period in the previous year, the business posted $1.00 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts anticipate that E*TRADE Financial Corp will post 4.1 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.26%. E*TRADE Financial’s dividend payout ratio is presently 14.40%.

In other E*TRADE Financial news, Director Rodger A. Lawson sold 5,109 shares of E*TRADE Financial stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $45.18, for a total transaction of $230,824.62. Following the transaction, the director now owns 113,739 shares of the company’s stock, valued at $5,138,728.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael John Curcio sold 53,584 shares of E*TRADE Financial stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $45.18, for a total transaction of $2,420,925.12. Following the transaction, the executive vice president now directly owns 149,159 shares in the company, valued at approximately $6,739,003.62. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

A number of brokerages recently issued reports on ETFC. Morgan Stanley lifted their price target on shares of E*TRADE Financial from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Credit Suisse Group reduced their price objective on shares of E*TRADE Financial from $57.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, October 1st. Deutsche Bank raised their price objective on shares of E*TRADE Financial from $35.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. BidaskClub upgraded shares of E*TRADE Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, ValuEngine upgraded shares of E*TRADE Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. E*TRADE Financial presently has a consensus rating of “Buy” and an average price target of $46.88.

E*TRADE Financial Company Profile

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services for traders, investors, stock plan administrators and participants, and registered investment advisors (RIAs). It also offers investor-focused banking products, primarily sweep deposits to customers; clearing and settlement services; Federal Deposit Insurance Corporation insurance services; custody solutions to RIAs; other banking and cash management services; software and services for managing equity compensation plans to its corporate clients; retail futures transaction services; and investment advisory services.

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

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