Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in E*TRADE Financial Corp (NASDAQ:ETFC) in the second quarter, HoldingsChannel reports. The firm acquired 27,627 shares of the financial services provider’s stock, valued at approximately $1,690,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blackhawk Capital Partners LLC. boosted its position in E*TRADE Financial by 81.4% during the first quarter. Blackhawk Capital Partners LLC. now owns 1,805 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 810 shares during the last quarter. Parallel Advisors LLC boosted its position in E*TRADE Financial by 362.5% during the second quarter. Parallel Advisors LLC now owns 1,679 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,316 shares during the last quarter. Nisa Investment Advisors LLC bought a new stake in E*TRADE Financial during the second quarter valued at $119,000. NewSquare Capital LLC bought a new stake in E*TRADE Financial during the second quarter valued at $163,000. Finally, Alps Advisors Inc. bought a new stake in E*TRADE Financial during the second quarter valued at $212,000. Institutional investors and hedge funds own 91.75% of the company’s stock.

ETFC opened at $61.19 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.43. E*TRADE Financial Corp has a fifty-two week low of $39.12 and a fifty-two week high of $66.46. The stock has a market capitalization of $15.99 billion, a P/E ratio of 27.91, a price-to-earnings-growth ratio of 1.05 and a beta of 1.19.

E*TRADE Financial (NASDAQ:ETFC) last posted its earnings results on Thursday, July 19th. The financial services provider reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.07. E*TRADE Financial had a net margin of 29.13% and a return on equity of 13.39%. The company had revenue of $710.00 million for the quarter, compared to analyst estimates of $707.78 million. During the same quarter in the prior year, the business posted $0.52 EPS. The firm’s revenue was up 23.1% compared to the same quarter last year. equities analysts forecast that E*TRADE Financial Corp will post 3.59 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Co increased their price objective on shares of E*TRADE Financial from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Monday, May 21st. They noted that the move was a valuation call. Compass Point assumed coverage on shares of E*TRADE Financial in a research report on Monday, June 4th. They set a “buy” rating and a $72.00 price objective on the stock. BidaskClub cut shares of E*TRADE Financial from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 26th. UBS Group reissued a “buy” rating and set a $73.00 price objective (up previously from $67.00) on shares of E*TRADE Financial in a research report on Thursday, May 31st. Finally, Zacks Investment Research cut shares of E*TRADE Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $66.81.

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.

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

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