Teacher Retirement System of Texas Decreases Holdings in E*TRADE Financial Corp (ETFC)

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Teacher Retirement System of Texas trimmed its position in E*TRADE Financial Corp (NASDAQ:ETFC) by 13.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,824 shares of the financial services provider’s stock after selling 51,049 shares during the quarter. Teacher Retirement System of Texas’ holdings in E*TRADE Financial were worth $15,453,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ETFC. Two Sigma Advisers LP acquired a new stake in shares of E*TRADE Financial during the 4th quarter worth $15,197,000. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of E*TRADE Financial during the 4th quarter worth $506,000. FTB Advisors Inc. bought a new stake in shares of E*TRADE Financial during the 4th quarter worth $113,000. Calamos Advisors LLC lifted its position in shares of E*TRADE Financial by 1.8% during the 4th quarter. Calamos Advisors LLC now owns 1,677,061 shares of the financial services provider’s stock worth $73,589,000 after buying an additional 30,080 shares during the last quarter. Finally, AGF Investments Inc. lifted its position in shares of E*TRADE Financial by 31.5% during the 4th quarter. AGF Investments Inc. now owns 1,780,778 shares of the financial services provider’s stock worth $78,141,000 after buying an additional 426,628 shares during the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

E*TRADE Financial stock traded down $0.01 during trading hours on Friday, hitting $48.39. The stock had a trading volume of 27,230 shares, compared to its average volume of 2,289,554. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $11.67 billion, a PE ratio of 12.44, a P/E/G ratio of 1.01 and a beta of 1.16. E*TRADE Financial Corp has a one year low of $40.41 and a one year high of $66.46.

E*TRADE Financial (NASDAQ:ETFC) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $0.93 by $0.16. The firm had revenue of $755.00 million during the quarter, compared to the consensus estimate of $738.04 million. E*TRADE Financial had a return on equity of 18.06% and a net margin of 37.50%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the company earned $0.88 earnings per share. As a group, analysts predict that E*TRADE Financial Corp will post 4.34 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.56 annualized dividend and a yield of 1.16%. E*TRADE Financial’s dividend payout ratio is presently 14.40%.

Several analysts recently weighed in on the company. Zacks Investment Research downgraded E*TRADE Financial from a “buy” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley upped their price objective 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. BidaskClub downgraded E*TRADE Financial from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. UBS Group downgraded E*TRADE Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $58.00 to $51.00 in a research report on Wednesday, February 20th. Finally, Credit Suisse Group restated a “buy” rating on shares of E*TRADE Financial in a research report on Friday, January 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $59.83.

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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.

See Also: P/E Growth (PEG)

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)

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