Rothschild & Co. Asset Management US Inc. lifted its holdings in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 15.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,046,902 shares of the financial services provider’s stock after purchasing an additional 140,995 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in E*TRADE Financial were worth $48,608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in ETFC. Neuberger Berman Group LLC increased its stake in E*TRADE Financial by 45.5% in the third quarter. Neuberger Berman Group LLC now owns 6,107 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 1,909 shares in the last quarter. DNB Asset Management AS grew its holdings in shares of E*TRADE Financial by 2.9% in the fourth quarter. DNB Asset Management AS now owns 35,300 shares of the financial services provider’s stock worth $1,549,000 after purchasing an additional 1,000 shares during the last quarter. Virtu Financial LLC grew its holdings in shares of E*TRADE Financial by 23.3% in the fourth quarter. Virtu Financial LLC now owns 7,691 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 1,451 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of E*TRADE Financial by 46.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,845 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 900 shares during the last quarter. Finally, FNY Investment Advisers LLC grew its holdings in shares of E*TRADE Financial by 100.0% in the fourth quarter. FNY Investment Advisers LLC now owns 1,000 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

In other E*TRADE Financial news, Director Rodger A. Lawson sold 41,322 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $48.13, for a total transaction of $1,988,827.86. Following the completion of the sale, the director now owns 114,753 shares in the company, valued at approximately $5,523,061.89. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

NASDAQ ETFC traded down $0.71 during mid-day trading on Wednesday, reaching $47.80. 266,932 shares of the company’s stock traded hands, compared to its average volume of 2,550,042. E*TRADE Financial Corp has a 1-year low of $40.41 and a 1-year high of $66.46. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.28. The firm has a market cap of $11.73 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 1.01 and a beta of 1.16.

E*TRADE Financial (NASDAQ:ETFC) last issued its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.16. E*TRADE Financial had a return on equity of 18.06% and a net margin of 37.50%. The firm had revenue of $755.00 million during the quarter, compared to analyst estimates of $738.04 million. During the same quarter last year, the firm earned $0.88 EPS. E*TRADE Financial’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts anticipate that E*TRADE Financial Corp will post 4.35 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 13th were paid a dividend of $0.14 per share. The ex-dividend date was Friday, May 10th. This represents a $0.56 dividend on an annualized basis and a yield of 1.17%. E*TRADE Financial’s dividend payout ratio (DPR) is presently 14.40%.

A number of research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of E*TRADE Financial from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Friday, May 17th. BidaskClub downgraded E*TRADE Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th. Morgan Stanley raised their price objective on E*TRADE Financial from $59.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. Finally, Barclays raised their price objective on E*TRADE Financial to $55.00 and gave the stock an “overweight” rating in a report on Friday, January 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. E*TRADE Financial presently has a consensus rating of “Buy” and a consensus price target of $59.67.

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E*TRADE Financial 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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