Norinchukin Bank The Cuts Stock Holdings in E*TRADE Financial Corp (NASDAQ:ETFC)

Norinchukin Bank The trimmed its holdings in E*TRADE Financial Corp (NASDAQ:ETFC) by 2.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,447 shares of the financial services provider’s stock after selling 446 shares during the period. Norinchukin Bank The’s holdings in E*TRADE Financial were worth $903,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of ETFC. IFP Advisors Inc raised its stake in E*TRADE Financial by 93.0% in the fourth quarter. IFP Advisors Inc now owns 965 shares of the financial services provider’s stock valued at $42,000 after buying an additional 465 shares during the period. CWM LLC increased its stake in shares of E*TRADE Financial by 41.0% during the fourth quarter. CWM LLC now owns 1,500 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 436 shares during the period. Oppenheimer & Co. Inc. bought a new position in shares of E*TRADE Financial during the fourth quarter worth approximately $307,000. Xact Kapitalforvaltning AB increased its stake in shares of E*TRADE Financial by 43.8% during the fourth quarter. Xact Kapitalforvaltning AB now owns 42,032 shares of the financial services provider’s stock worth $1,844,000 after purchasing an additional 12,800 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of E*TRADE Financial by 47.0% during the fourth quarter. Advisors Asset Management Inc. now owns 73,687 shares of the financial services provider’s stock worth $3,233,000 after purchasing an additional 23,548 shares during the period. 91.43% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:ETFC traded down $0.39 during trading hours on Friday, hitting $44.60. 3,345,609 shares of the company were exchanged, compared to its average volume of 2,515,373. The company has a market cap of $10.91 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 0.93 and a beta of 1.24. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.28. E*TRADE Financial Corp has a one year low of $40.41 and a one year high of $63.39. The business’s fifty day moving average is $46.53.

E*TRADE Financial (NASDAQ:ETFC) last announced its earnings results on Wednesday, April 17th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.16. E*TRADE Financial had a return on equity of 18.06% and a net margin of 37.50%. The business had revenue of $755.00 million during the quarter, compared to analyst estimates of $738.04 million. During the same period last year, the company earned $0.88 EPS. E*TRADE Financial’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, research analysts anticipate that E*TRADE Financial Corp will post 4.35 EPS for the current year.

A number of brokerages recently issued reports on ETFC. BidaskClub downgraded E*TRADE Financial from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Zacks Investment Research downgraded E*TRADE Financial from a “buy” rating to a “hold” rating in a research 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 stock an “overweight” rating in a research report on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $58.45.

In other news, Director Rodger A. Lawson sold 41,322 shares of E*TRADE Financial stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $48.13, for a total value of $1,988,827.86. Following the completion of the transaction, the director now directly owns 114,753 shares of the company’s stock, valued at approximately $5,523,061.89. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

E*TRADE Financial Company 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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