National Pension Service Raises Stock Position in E*TRADE Financial Corp (NASDAQ:ETFC)

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National Pension Service boosted its holdings in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 5.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 365,105 shares of the financial services provider’s stock after purchasing an additional 18,874 shares during the period. National Pension Service’s holdings in E*TRADE Financial were worth $15,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of ETFC. Nuveen Asset Management LLC grew its stake in shares of E*TRADE Financial by 393.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 4,260,920 shares of the financial services provider’s stock worth $190,037,000 after purchasing an additional 3,397,462 shares during the period. Victory Capital Management Inc. boosted its holdings in E*TRADE Financial by 20.0% during the second quarter. Victory Capital Management Inc. now owns 5,752,931 shares of the financial services provider’s stock worth $256,581,000 after buying an additional 957,204 shares in the last quarter. Boston Partners boosted its holdings in E*TRADE Financial by 14.1% during the third quarter. Boston Partners now owns 5,615,439 shares of the financial services provider’s stock worth $245,319,000 after buying an additional 693,350 shares in the last quarter. Poplar Forest Capital LLC grew its position in E*TRADE Financial by 185.7% during the third quarter. Poplar Forest Capital LLC now owns 856,665 shares of the financial services provider’s stock valued at $37,428,000 after buying an additional 556,837 shares during the period. Finally, BlackRock Inc. grew its position in E*TRADE Financial by 2.4% during the second quarter. BlackRock Inc. now owns 19,972,522 shares of the financial services provider’s stock valued at $890,775,000 after buying an additional 469,538 shares during the period. 84.60% of the stock is currently owned by institutional investors.

In other E*TRADE Financial news, Director Rodger A. Lawson sold 5,109 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $45.18, for a total value of $230,824.62. Following the transaction, the director now owns 113,739 shares in the company, valued at approximately $5,138,728.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael John Curcio sold 53,584 shares of E*TRADE Financial stock in a transaction on Friday, September 13th. The stock was sold at an average price of $45.18, for a total transaction of $2,420,925.12. Following the sale, 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 research analysts have weighed in on ETFC shares. BidaskClub upgraded shares of E*TRADE Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Raymond James increased their target price on shares of E*TRADE Financial from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Jefferies Financial Group set a $44.00 target price on E*TRADE Financial and gave the company a “buy” rating in a research report on Thursday, October 10th. ValuEngine lowered E*TRADE Financial from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods cut E*TRADE Financial from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $55.00 to $45.50 in a report on Monday, September 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $46.88.

ETFC opened at $44.56 on Tuesday. The firm’s fifty day simple moving average is $42.56 and its two-hundred day simple moving average is $43.86. E*TRADE Financial Corp has a 52-week low of $34.68 and a 52-week high of $54.08. The company has a market cap of $10.84 billion, a price-to-earnings ratio of 11.46, a PEG 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 released its 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 business had revenue of $767.00 million during the quarter, compared to analysts’ expectations of $742.83 million. During the same quarter in the previous year, the company earned $1.00 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts forecast that E*TRADE Financial Corp will post 4.1 EPS for the current year.

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

About E*TRADE Financial

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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