Nelson Van Denburg & Campbell Wealth Management Group LLC decreased its holdings in E*TRADE Financial Corp (NASDAQ:ETFC) by 52.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,747 shares of the financial services provider’s stock after selling 7,316 shares during the quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in E*TRADE Financial were worth $312,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Liberty Wealth Management LLC purchased a new stake in shares of E*TRADE Financial in the fourth quarter valued at approximately $27,000. Oregon Public Employees Retirement Fund grew its position in shares of E*TRADE Financial by 1,689.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,499,423 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 1,415,639 shares in the last quarter. Arrow Financial Corp purchased a new stake in shares of E*TRADE Financial in the first quarter valued at approximately $39,000. Bronfman E.L. Rothschild L.P. grew its position in shares of E*TRADE Financial by 32.0% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 915 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 222 shares in the last quarter. Finally, IFP Advisors Inc grew its position in shares of E*TRADE Financial by 93.0% in the fourth quarter. IFP Advisors Inc now owns 965 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 465 shares in the last quarter. 89.15% of the stock is owned by institutional investors.

A number of equities research analysts have recently issued reports on the company. BidaskClub upgraded E*TRADE Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Morgan Stanley set a $62.00 price target on E*TRADE Financial and gave the company a “buy” rating in a research report on Tuesday, January 29th. ValuEngine lowered E*TRADE Financial from a “hold” rating to a “sell” rating in a research report on Friday, January 25th. Zacks Investment Research lowered E*TRADE Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, May 15th. Finally, Credit Suisse Group restated a “buy” rating on shares of E*TRADE Financial in a research report on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $59.58.

In related news, Director Rodger A. Lawson sold 41,322 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $48.13, for a total value of $1,988,827.86. Following the completion of the transaction, the director now directly owns 114,753 shares in the company, valued at $5,523,061.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Shares of E*TRADE Financial stock opened at $46.44 on Friday. The company has a market capitalization of $11.66 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 1.02 and a beta of 1.16. E*TRADE Financial Corp has a fifty-two week low of $40.41 and a fifty-two week 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.

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, topping the consensus estimate of $0.93 by $0.16. The company had revenue of $755.00 million during the quarter, compared to analyst estimates of $738.04 million. E*TRADE Financial had a return on equity of 18.06% and a net margin of 37.50%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 earnings per share. Equities research analysts predict that E*TRADE Financial Corp will post 4.35 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 13th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.56 annualized dividend and a yield of 1.21%. E*TRADE Financial’s payout ratio is 14.40%.

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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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