4,389 Shares in E*TRADE Financial Corp (NASDAQ:ETFC) Acquired by Campbell & CO Investment Adviser LLC

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.

Shares of E*TRADE Financial stock opened at $46.64 on Wednesday. The firm has a market capitalization of $11.27 billion, a PE ratio of 11.99, a P/E/G ratio of 0.97 and a beta of 1.23. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.24 and a current ratio of 0.24. E*TRADE Financial Corp has a 1 year low of $40.41 and a 1 year high of $65.79.

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.

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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.

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

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