Raymond James Financial Services Advisors Inc. Purchases Shares of 19,520 E*TRADE Financial Corp (NASDAQ:ETFC)

Share on StockTwits

Raymond James Financial Services Advisors Inc. purchased a new stake in E*TRADE Financial Corp (NASDAQ:ETFC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,520 shares of the financial services provider’s stock, valued at approximately $971,000.

A number of other institutional investors also recently made changes to their positions in the business. KCS Wealth Advisory increased its stake in E*TRADE Financial by 4.2% in the second quarter. KCS Wealth Advisory now owns 7,084 shares of the financial services provider’s stock valued at $352,000 after purchasing an additional 283 shares during the last quarter. Iowa State Bank increased its stake in E*TRADE Financial by 1.5% in the second quarter. Iowa State Bank now owns 13,030 shares of the financial services provider’s stock valued at $648,000 after purchasing an additional 192 shares during the last quarter. IBM Retirement Fund purchased a new position in E*TRADE Financial in the second quarter valued at approximately $257,000. DNB Asset Management AS boosted its holdings in shares of E*TRADE Financial by 21.1% in the second quarter. DNB Asset Management AS now owns 23,262 shares of the financial services provider’s stock valued at $1,157,000 after acquiring an additional 4,048 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in shares of E*TRADE Financial by 91.1% in the second quarter. State of Alaska Department of Revenue now owns 74,286 shares of the financial services provider’s stock valued at $3,694,000 after acquiring an additional 35,403 shares during the period. Institutional investors own 89.90% of the company’s stock.

Several equities research analysts have recently weighed in on ETFC shares. UBS Group increased their price objective on E*TRADE Financial from $41.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, April 24th. BidaskClub downgraded E*TRADE Financial from a “hold” rating to a “sell” rating in a report on Saturday. Credit Suisse Group decreased their price target on E*TRADE Financial from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, April 16th. Deutsche Bank decreased their price target on E*TRADE Financial from $53.00 to $50.00 and set a “hold” rating for the company in a report on Thursday, July 9th. Finally, Piper Sandler increased their price target on E*TRADE Financial from $49.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $47.61.

Shares of ETFC stock opened at $50.77 on Friday. E*TRADE Financial Corp has a fifty-two week low of $25.76 and a fifty-two week high of $57.30. The stock has a market cap of $11.22 billion, a P/E ratio of 14.76 and a beta of 1.27. The business has a fifty day simple moving average of $50.39 and a 200-day simple moving average of $43.93. The company has a quick ratio of 0.29, a current ratio of 0.30 and a debt-to-equity ratio of 0.23.

E*TRADE Financial (NASDAQ:ETFC) last announced its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. E*TRADE Financial had a return on equity of 19.67% and a net margin of 28.69%. The business had revenue of $716.00 million during the quarter, compared to analysts’ expectations of $678.03 million. On average, sell-side analysts anticipate that E*TRADE Financial Corp will post 3.05 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Wednesday, August 19th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Tuesday, August 18th. E*TRADE Financial’s dividend payout ratio is currently 13.90%.

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.

Featured Story: Gap Up Stocks

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.



Latest News

SG Americas Securities LLC Has $911,000 Holdings in United Bankshares, Inc.
SG Americas Securities LLC Has $911,000 Holdings in United Bankshares, Inc.
SG Americas Securities LLC Trims Stake in Alliant Energy Co.
SG Americas Securities LLC Trims Stake in Alliant Energy Co.
Raymond James Financial Services Advisors Inc. Takes $927,000 Position in Goldman Sachs ActiveBeta International Equity ETF
Raymond James Financial Services Advisors Inc. Takes $927,000 Position in Goldman Sachs ActiveBeta International Equity ETF
Raymond James Financial Services Advisors Inc. Has $929,000 Stock Position in Mylan NV
Raymond James Financial Services Advisors Inc. Has $929,000 Stock Position in Mylan NV
Raymond James Financial Services Advisors Inc. Sells 9,490 Shares of iShares Dow Jones U.S. ETF
Raymond James Financial Services Advisors Inc. Sells 9,490 Shares of iShares Dow Jones U.S. ETF
Crispr Therapeutics AG  Holdings Raised by Raymond James Financial Services Advisors Inc.
Crispr Therapeutics AG Holdings Raised by Raymond James Financial Services Advisors Inc.


© 2006-2020 Ticker Report