Profund Advisors LLC Has $2.90 Million Stake in E*TRADE Financial Corp (NASDAQ:ETFC)

Profund Advisors LLC trimmed its holdings in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 15.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 63,969 shares of the financial services provider’s stock after selling 11,620 shares during the period. Profund Advisors LLC’s holdings in E*TRADE Financial were worth $2,902,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Victory Capital Management Inc. increased its position in E*TRADE Financial by 3.1% during the fourth quarter. Victory Capital Management Inc. now owns 7,176,471 shares of the financial services provider’s stock worth $325,597,000 after buying an additional 216,252 shares during the last quarter. Boston Partners increased its position in E*TRADE Financial by 14.1% during the third quarter. Boston Partners now owns 5,615,439 shares of the financial services provider’s stock worth $245,319,000 after buying an additional 693,350 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in E*TRADE Financial by 117.0% during the fourth quarter. Bank of New York Mellon Corp now owns 5,168,546 shares of the financial services provider’s stock valued at $234,498,000 after acquiring an additional 2,786,696 shares during the period. Artisan Partners Limited Partnership boosted its holdings in E*TRADE Financial by 6.0% during the fourth quarter. Artisan Partners Limited Partnership now owns 3,381,216 shares of the financial services provider’s stock valued at $153,406,000 after acquiring an additional 190,023 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in E*TRADE Financial by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 2,803,438 shares of the financial services provider’s stock valued at $127,192,000 after acquiring an additional 59,668 shares during the period. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

ETFC has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on shares of E*TRADE Financial from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. UBS Group cut shares of E*TRADE Financial from a “buy” rating to a “hold” rating and set a $51.00 price target for the company. in a report on Thursday, February 27th. JMP Securities cut shares of E*TRADE Financial from an “outperform” rating to a “market perform” rating and set a $13.00 price target for the company. in a report on Friday, February 21st. Raymond James cut shares of E*TRADE Financial from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 26th. Finally, ValuEngine upgraded shares of E*TRADE Financial from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $47.27.

Shares of NASDAQ ETFC traded up $1.91 during mid-day trading on Thursday, hitting $35.79. The company had a trading volume of 5,814,652 shares, compared to its average volume of 5,829,670. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.29 and a quick ratio of 0.29. The business’s 50-day simple moving average is $41.57 and its 200-day simple moving average is $43.11. E*TRADE Financial Corp has a 12 month low of $25.76 and a 12 month high of $57.30. The firm has a market cap of $8.04 billion, a P/E ratio of 9.34 and a beta of 0.97.

E*TRADE Financial (NASDAQ:ETFC) last released its earnings results on Thursday, January 23rd. The financial services provider reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.01. E*TRADE Financial had a net margin of 33.09% and a return on equity of 17.09%. The business had revenue of $679.00 million during the quarter, compared to analysts’ expectations of $672.06 million. During the same quarter last year, the company earned $1.06 earnings per share. The firm’s revenue was down 7.6% on a year-over-year basis. As a group, sell-side analysts predict that E*TRADE Financial Corp will post 3.01 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 25th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Monday, February 24th. E*TRADE Financial’s payout ratio is presently 13.90%.

In related news, Director Rodger A. Lawson sold 32,634 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $44.53, for a total value of $1,453,192.02. Following the completion of the sale, the director now owns 84,915 shares in the company, valued at $3,781,264.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael John Curcio sold 2,030 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $46.30, for a total transaction of $93,989.00. Following the completion of the sale, the executive vice president now owns 116,791 shares of the company’s stock, valued at approximately $5,407,423.30. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

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.

See Also: Do equity income investments outperform growth and income investments?

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.