Ajo LP Takes Position in E*TRADE Financial Corp (NASDAQ:ETFC)

AJO LP purchased a new stake in shares of E*TRADE Financial Corp (NASDAQ:ETFC) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 82,268 shares of the financial services provider’s stock, valued at approximately $3,820,000.

Several other large investors have also added to or reduced their stakes in ETFC. Liberty Wealth Management LLC purchased a new position in E*TRADE Financial during the fourth quarter valued at $27,000. Oregon Public Employees Retirement Fund lifted its stake in shares of E*TRADE Financial by 1,689.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,499,423 shares of the financial services provider’s stock worth $34,000 after buying an additional 1,415,639 shares in the last quarter. Arrow Financial Corp purchased a new position in shares of E*TRADE Financial in the first quarter worth about $39,000. Bronfman E.L. Rothschild L.P. lifted its stake in shares of E*TRADE Financial by 32.0% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 915 shares of the financial services provider’s stock worth $40,000 after buying an additional 222 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of E*TRADE Financial by 93.0% in the fourth quarter. IFP Advisors Inc now owns 965 shares of the financial services provider’s stock worth $42,000 after buying an additional 465 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

In related news, Director Rodger A. Lawson sold 41,322 shares of the business’s stock in a transaction dated 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 directly owns 114,753 shares in the company, valued at approximately $5,523,061.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by insiders.

Shares of NASDAQ:ETFC traded up $1.05 on Monday, reaching $45.65. 2,744,700 shares of the company were exchanged, compared to its average volume of 2,518,590. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.28. E*TRADE Financial Corp has a 1-year low of $40.41 and a 1-year high of $63.39. The company has a market capitalization of $11.17 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 0.94 and a beta of 1.15. The stock’s 50-day simple moving average is $46.53.

E*TRADE Financial (NASDAQ:ETFC) last posted its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.16. E*TRADE Financial had a net margin of 37.50% and a return on equity of 18.06%. The business had revenue of $755.00 million for the quarter, compared to analysts’ expectations of $738.04 million. During the same period in the prior year, the company posted $0.88 EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, analysts expect that E*TRADE Financial Corp will post 4.35 earnings per share for the current year.

ETFC has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of E*TRADE Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Zacks Investment Research cut shares of E*TRADE Financial from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Finally, Morgan Stanley lifted their price objective on shares of 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 given a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $58.45.

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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