Campbell & CO Investment Adviser LLC bought a new position in E*TRADE Financial Corp (NASDAQ:ETFC) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 4,389 shares of the financial services provider’s stock, valued at approximately $204,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rockefeller Capital Management L.P. raised its position in E*TRADE Financial by 41.9% during the first quarter. Rockefeller Capital Management L.P. now owns 1,002 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 296 shares in the last quarter. Federated Investors Inc. PA grew its holdings in E*TRADE Financial by 172.1% during the first quarter. Federated Investors Inc. PA now owns 51,266 shares of the financial services provider’s stock valued at $2,380,000 after purchasing an additional 32,427 shares during the last quarter. AJO LP acquired a new position in E*TRADE Financial during the first quarter valued at approximately $3,820,000. Highstreet Asset Management Inc. acquired a new position in E*TRADE Financial during the first quarter valued at approximately $499,000. Finally, Lockheed Martin Investment Management Co. acquired a new position in E*TRADE Financial during the first quarter valued at approximately $3,166,000. Institutional investors own 91.48% of the company’s stock.
In other news, Director Rodger A. Lawson sold 41,322 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $48.13, for a total value of $1,988,827.86. Following the sale, the director now owns 114,753 shares in the company, valued at $5,523,061.89. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.
E*TRADE Financial (NASDAQ:ETFC) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.16. The business had revenue of $755.00 million for the quarter, compared to the consensus estimate of $738.04 million. E*TRADE Financial had a net margin of 37.50% and a return on equity of 18.06%. E*TRADE Financial’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company posted $0.88 earnings per share. On average, sell-side analysts anticipate that E*TRADE Financial Corp will post 4.36 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 13th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.56 annualized dividend and a dividend yield of 1.20%. E*TRADE Financial’s payout ratio is 14.40%.
Several equities analysts have commented on the company. Zacks Investment Research upgraded E*TRADE Financial from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Thursday, May 23rd. BidaskClub downgraded E*TRADE Financial from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Finally, Morgan Stanley increased their price target on E*TRADE Financial from $59.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $58.45.
WARNING: “4,389 Shares in E*TRADE Financial Corp (NASDAQ:ETFC) Acquired by Campbell & CO Investment Adviser LLC” was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece on another website, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be read at https://sportsperspectives.com/2019/06/12/4389-shares-in-etrade-financial-corp-nasdaqetfc-acquired-by-campbell-co-investment-adviser-llc.html.
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.
Recommended Story: Certificate of Deposit (CD)
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).
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.