C M Bidwell & Associates Ltd. decreased its position in E*TRADE Financial Corp (NASDAQ:ETFC) by 17.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,295 shares of the financial services provider’s stock after selling 3,305 shares during the period. C M Bidwell & Associates Ltd.’s holdings in E*TRADE Financial were worth $847,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CNB Bank bought a new position in E*TRADE Financial in the 4th quarter worth about $114,000. Financial Gravity Companies Inc. bought a new position in E*TRADE Financial in the 4th quarter worth about $202,000. Private Advisor Group LLC bought a new position in E*TRADE Financial in the 4th quarter worth about $204,000. Ballentine Partners LLC bought a new position in E*TRADE Financial in the 4th quarter worth about $206,000. Finally, IBM Retirement Fund bought a new position in E*TRADE Financial in the 4th quarter worth about $207,000. Institutional investors own 92.74% of the company’s stock.

In other E*TRADE Financial news, insider Brent Simonich sold 7,680 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $53.00, for a total transaction of $407,040.00. Following the transaction, the insider now owns 26,240 shares in the company, valued at approximately $1,390,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

A number of brokerages recently issued reports on ETFC. Zacks Investment Research upgraded shares of E*TRADE Financial from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Tuesday, April 3rd. Wells Fargo & Co upped their price target on shares of E*TRADE Financial from $67.00 to $73.00 and gave the stock an “outperform” rating in a research note on Monday, May 21st. They noted that the move was a valuation call. JMP Securities reiterated a “positive” rating and issued a $64.00 price target (up previously from $60.00) on shares of E*TRADE Financial in a research note on Friday, April 20th. ValuEngine upgraded shares of E*TRADE Financial from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Credit Suisse Group upped their price target on shares of E*TRADE Financial from $70.00 to $71.00 and gave the stock an “outperform” rating in a research note on Friday, April 20th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $60.53.

E*TRADE Financial opened at $63.35 on Friday, according to MarketBeat. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.31. The stock has a market cap of $16.43 billion, a price-to-earnings ratio of 28.93, a P/E/G ratio of 1.03 and a beta of 1.29. E*TRADE Financial Corp has a 52-week low of $34.00 and a 52-week high of $66.07.

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

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.