Bank of Montreal Can reduced its position in E*TRADE Financial Corp (NASDAQ:ETFC) by 9.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 719,793 shares of the financial services provider’s stock after selling 76,057 shares during the period. Bank of Montreal Can owned approximately 0.22% of E*TRADE Financial worth $14,616,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETFC. Virginia Retirement Systems ET AL grew its stake in E*TRADE Financial by 24.5% during the 4th quarter. Virginia Retirement Systems ET AL now owns 58,500 shares of the financial services provider’s stock valued at $1,665,000 after purchasing an additional 11,000 shares during the period. Trexquant Investment LP bought a new position in E*TRADE Financial during the 3rd quarter valued at $6,540,000. Stanford Strategic Asset Management LLC bought a new position in E*TRADE Financial during the 3rd quarter valued at $238,000. Swiss National Bank grew its stake in E*TRADE Financial by 3.3% during the 3rd quarter. Swiss National Bank now owns 2,367,132 shares of the financial services provider’s stock valued at $55,071,000 after purchasing an additional 79,400 shares during the period. Finally, Bank of Montreal Can grew its stake in E*TRADE Financial by 112.4% during the 4th quarter. Bank of Montreal Can now owns 3,589,031 shares of the financial services provider’s stock valued at $61,090,000 after purchasing an additional 1,705,441 shares during the period. Institutional investors own 97.63% of the company’s stock.
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ETFC has been the subject of several research analyst reports. BidaskClub lowered E*TRADE Financial from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $36.00 price objective on shares of E*TRADE Financial in a research note on Friday, December 21st.
Shares of NASDAQ ETFC opened at $32.05 on Friday. E*TRADE Financial Corp has a 12 month low of $27.25 and a 12 month high of $40.40. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $10.45 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.16 and a beta of 1.27.
E*TRADE Financial (NASDAQ:ETFC) last issued its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.04). E*TRADE Financial had a return on equity of 14.15% and a net margin of 25.60%. The firm had revenue of $734.77 million during the quarter, compared to analysts’ expectations of $771.47 million. During the same period in the prior year, the firm earned $0.60 earnings per share. On average, sell-side analysts anticipate that E*TRADE Financial Corp will post 2.23 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 27th. Shareholders of record on Friday, February 15th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.51%. The ex-dividend date is Thursday, February 14th. E*TRADE Financial’s dividend payout ratio (DPR) is currently 34.56%.
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