MUFG Securities EMEA plc Has $1.05 Million Holdings in E*TRADE Financial Corp (NASDAQ:ETFC)

MUFG Securities EMEA plc lessened its stake in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 95.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,619 shares of the financial services provider’s stock after selling 457,501 shares during the period. MUFG Securities EMEA plc’s holdings in E*TRADE Financial were worth $1,053,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ETFC. Thompson Siegel & Walmsley LLC raised its holdings in E*TRADE Financial by 95.7% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 1,458,267 shares of the financial services provider’s stock worth $67,708,000 after buying an additional 713,076 shares during the period. Clearbridge Investments LLC raised its holdings in E*TRADE Financial by 221,128.4% during the 1st quarter. Clearbridge Investments LLC now owns 707,931 shares of the financial services provider’s stock worth $32,869,000 after buying an additional 707,611 shares during the period. First Trust Advisors LP raised its holdings in E*TRADE Financial by 10.0% during the 2nd quarter. First Trust Advisors LP now owns 4,276,470 shares of the financial services provider’s stock worth $190,731,000 after buying an additional 389,154 shares during the period. Clark Capital Management Group Inc. raised its holdings in E*TRADE Financial by 2,066.6% during the 2nd quarter. Clark Capital Management Group Inc. now owns 398,910 shares of the financial services provider’s stock worth $17,791,000 after buying an additional 380,498 shares during the period. Finally, State of Wisconsin Investment Board raised its holdings in E*TRADE Financial by 102.7% during the 1st quarter. State of Wisconsin Investment Board now owns 532,348 shares of the financial services provider’s stock worth $24,717,000 after buying an additional 269,737 shares during the period. Hedge funds and other institutional investors own 90.33% of the company’s stock.

Several analysts have issued reports on the company. Credit Suisse Group set a $57.00 price objective on E*TRADE Financial and gave the stock a “buy” rating in a report on Friday, July 19th. Barclays lifted their target price on E*TRADE Financial from $53.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Deutsche Bank lowered their target price on E*TRADE Financial from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. JMP Securities lifted their target price on E*TRADE Financial to $63.00 and gave the company a “market perform” rating in a research note on Friday, July 19th. Finally, Morgan Stanley lifted their target price on E*TRADE Financial from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. E*TRADE Financial presently has a consensus rating of “Hold” and a consensus target price of $55.46.



NASDAQ:ETFC traded up $0.58 on Friday, hitting $45.41. 123,586 shares of the company’s stock traded hands, compared to its average volume of 2,646,109. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.28. E*TRADE Financial Corp has a 1 year low of $39.31 and a 1 year high of $56.44. The firm has a 50-day moving average price of $43.37 and a 200-day moving average price of $46.51. The company has a market cap of $10.79 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 0.94 and a beta of 1.20.

E*TRADE Financial (NASDAQ:ETFC) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.02. The business had revenue of $685.00 million during the quarter, compared to analysts’ expectations of $751.35 million. E*TRADE Financial had a return on equity of 18.44% and a net margin of 36.75%. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.95 EPS. On average, research analysts forecast that E*TRADE Financial Corp will post 4.31 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Monday, August 19th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.56 annualized dividend and a dividend yield of 1.23%. E*TRADE Financial’s payout ratio is 14.40%.

E*TRADE Financial announced that its Board of Directors has approved a stock buyback plan on Thursday, July 18th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the financial services provider to buy up to 12.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.

Featured Article: What is a capital gains distribution?

Want to see what other hedge funds are holding ETFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for E*TRADE Financial Corp (NASDAQ:ETFC).

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.