Oxford Asset Management bought a new position in E*TRADE Financial Corporation (NASDAQ:ETFC) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm bought 254,927 shares of the company’s stock, valued at approximately $8,833,000. Oxford Asset Management owned approximately 0.09% of E*TRADE Financial Corporation as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of E*TRADE Financial Corporation during the fourth quarter worth about $206,000. Acadian Asset Management LLC purchased a new stake in shares of E*TRADE Financial Corporation during the third quarter worth about $187,000. Cleararc Capital Inc. purchased a new stake in shares of E*TRADE Financial Corporation during the fourth quarter worth about $231,000. Toronto Dominion Bank raised its stake in shares of E*TRADE Financial Corporation by 417.2% in the third quarter. Toronto Dominion Bank now owns 8,038 shares of the company’s stock worth $234,000 after buying an additional 6,484 shares during the period. Finally, MAI Capital Management purchased a new stake in shares of E*TRADE Financial Corporation during the third quarter worth about $265,000. Hedge funds and other institutional investors own 91.91% of the company’s stock.
E*TRADE Financial Corporation (NASDAQ:ETFC) traded down 0.67% on Friday, hitting $35.56. 3,706,159 shares of the stock traded hands. E*TRADE Financial Corporation has a 12-month low of $21.48 and a 12-month high of $38.61. The stock has a 50-day moving average of $36.13 and a 200-day moving average of $30.89. The firm has a market cap of $9.76 billion, a price-to-earnings ratio of 17.96 and a beta of 1.76.
E*TRADE Financial Corporation (NASDAQ:ETFC) last posted its earnings results on Thursday, January 26th. The company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.04. The company earned $509 million during the quarter, compared to the consensus estimate of $501.95 million. E*TRADE Financial Corporation had a net margin of 28.44% and a return on equity of 8.82%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 earnings per share. Analysts forecast that E*TRADE Financial Corporation will post $1.94 earnings per share for the current year.
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A number of brokerages recently issued reports on ETFC. Jefferies Group LLC restated a “hold” rating and set a $35.00 target price (up previously from $31.00) on shares of E*TRADE Financial Corporation in a research report on Thursday, December 1st. SunTrust Banks, Inc. lifted their price target on shares of E*TRADE Financial Corporation from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, January 27th. Keefe, Bruyette & Woods initiated coverage on shares of E*TRADE Financial Corporation in a research note on Thursday, December 8th. They set a “market perform” rating and a $38.50 price target on the stock. Instinet lifted their price target on shares of E*TRADE Financial Corporation from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, January 27th. Finally, Goldman Sachs Group, Inc. (The) raised shares of E*TRADE Financial Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 10th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $34.85.
In other news, CEO Karl A. Roessner sold 16,476 shares of the business’s stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $34.72, for a total value of $572,046.72. Following the completion of the sale, the chief executive officer now directly owns 260,364 shares in the company, valued at $9,039,838.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.25% of the company’s stock.
About E*TRADE Financial Corporation
E*Trade Financial Corporation is a financial services company. The Company provides brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial. The Company also provides investor-focused banking products, primarily sweep deposits, to retail investors.
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