Stanley Capital Management LLC Maintains Stake in E*TRADE Financial Corporation (ETFC)

Stanley Capital Management LLC held its stake in shares of E*TRADE Financial Corporation (NASDAQ:ETFC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,761 shares of the company’s stock at the end of the fourth quarter. E*TRADE Financial Corporation accounts for about 3.2% of Stanley Capital Management LLC’s investment portfolio, making the stock its 11th largest position. Stanley Capital Management LLC’s holdings in E*TRADE Financial Corporation were worth $4,635,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of E*TRADE Financial Corporation by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,693 shares of the company’s stock worth $544,000 after buying an additional 62 shares in the last quarter. Independent Portfolio Consultants Inc. raised its stake in shares of E*TRADE Financial Corporation by 0.8% in the third quarter. Independent Portfolio Consultants Inc. now owns 17,405 shares of the company’s stock worth $507,000 after buying an additional 145 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of E*TRADE Financial Corporation by 0.8% in the third quarter. Capstone Asset Management Co. now owns 34,321 shares of the company’s stock worth $999,000 after buying an additional 259 shares in the last quarter. BB&T Securities LLC raised its stake in shares of E*TRADE Financial Corporation by 1.1% in the third quarter. BB&T Securities LLC now owns 50,340 shares of the company’s stock worth $1,465,000 after buying an additional 563 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its stake in shares of E*TRADE Financial Corporation by 0.5% in the third quarter. Eagle Asset Management Inc. now owns 127,789 shares of the company’s stock worth $3,721,000 after buying an additional 590 shares in the last quarter. Hedge funds and other institutional investors own 92.78% of the company’s stock.

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

E*TRADE Financial Corporation (NASDAQ:ETFC) traded up 1.69% during midday trading on Monday, hitting $36.16. 3,407,087 shares of the stock traded hands. The stock’s 50-day moving average price is $36.13 and its 200-day moving average price is $30.89. E*TRADE Financial Corporation has a 52 week low of $20.31 and a 52 week high of $38.61. The stock has a market capitalization of $9.93 billion, a P/E ratio of 18.26 and a beta of 1.76.

E*TRADE Financial Corporation (NASDAQ:ETFC) last released its quarterly earnings data on Thursday, January 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.04. The firm had revenue of $509 million for the quarter, compared to analysts’ expectations 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 quarter last year, the business posted $0.30 earnings per share. Equities research analysts expect that E*TRADE Financial Corporation will post $1.94 EPS for the current fiscal year.

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A number of brokerages have weighed in on ETFC. SunTrust Banks, Inc. raised their target price on shares of E*TRADE Financial Corporation from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, January 27th. Goldman Sachs Group, Inc. (The) upgraded shares of E*TRADE Financial Corporation from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 10th. Zacks Investment Research upgraded shares of E*TRADE Financial Corporation from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Friday, December 16th. Jefferies Group LLC reiterated a “hold” rating and set a $35.00 price target (up previously from $31.00) on shares of E*TRADE Financial Corporation in a report on Thursday, December 1st. Finally, Buckingham Research reiterated a “buy” rating and set a $33.00 price target on shares of E*TRADE Financial Corporation in a report on Monday, October 24th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. E*TRADE Financial Corporation presently has an average rating of “Buy” and a consensus price target of $34.85.

In other news, CEO Karl A. Roessner sold 16,476 shares of E*TRADE Financial Corporation stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $34.72, for a total transaction of $572,046.72. Following the sale, the chief executive officer now owns 260,364 shares in the company, valued at $9,039,838.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company 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.

5 Day Chart for NASDAQ:ETFC

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 Corporation (NASDAQ:ETFC).

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