E*TRADE Financial Corp (ETFC) Position Cut by GSA Capital Partners LLP

GSA Capital Partners LLP cut its position in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 62.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,262 shares of the financial services provider’s stock after selling 18,521 shares during the period. GSA Capital Partners LLP’s holdings in E*TRADE Financial were worth $491,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sentry Investment Management LLC raised its position in E*TRADE Financial by 0.6% during the second quarter. Sentry Investment Management LLC now owns 17,179 shares of the financial services provider’s stock worth $653,000 after acquiring an additional 95 shares during the period. BlueMountain Capital Management LLC raised its position in E*TRADE Financial by 0.6% during the second quarter. BlueMountain Capital Management LLC now owns 30,621 shares of the financial services provider’s stock worth $1,165,000 after acquiring an additional 182 shares during the period. Krilogy Financial LLC raised its position in E*TRADE Financial by 7.5% during the second quarter. Krilogy Financial LLC now owns 3,710 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 260 shares during the period. Advisor Group Inc. raised its position in E*TRADE Financial by 2.6% during the second quarter. Advisor Group Inc. now owns 14,833 shares of the financial services provider’s stock worth $563,000 after acquiring an additional 382 shares during the period. Finally, Symphony Asset Management LLC raised its position in E*TRADE Financial by 3.3% during the second quarter. Symphony Asset Management LLC now owns 12,317 shares of the financial services provider’s stock worth $468,000 after acquiring an additional 395 shares during the period. 94.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of E*TRADE Financial Corp (NASDAQ:ETFC) opened at $50.62 on Thursday. The company has a market cap of $13,660.00, a PE ratio of 23.77, a PEG ratio of 1.20 and a beta of 1.46. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.27 and a quick ratio of 0.27. E*TRADE Financial Corp has a 12-month low of $32.25 and a 12-month high of $51.21.

E*TRADE Financial (NASDAQ:ETFC) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.04. E*TRADE Financial had a net margin of 27.35% and a return on equity of 9.34%. The firm had revenue of $599.00 million during the quarter, compared to analyst estimates of $598.96 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share. E*TRADE Financial’s quarterly revenue was up 23.3% on a year-over-year basis. sell-side analysts anticipate that E*TRADE Financial Corp will post 2.27 EPS for the current fiscal year.

A number of equities analysts have weighed in on the stock. Morgan Stanley upgraded shares of E*TRADE Financial from an “equal weight” rating to an “overweight” rating and set a $43.00 price objective for the company in a research report on Wednesday. Barclays increased their target price on shares of E*TRADE Financial from $45.00 to $49.00 and gave the company an “overweight” rating in a research report on Tuesday, October 10th. Zacks Investment Research upgraded shares of E*TRADE Financial from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Tuesday, December 19th. SunTrust Banks reiterated a “buy” rating and issued a $53.00 target price on shares of E*TRADE Financial in a research report on Friday, December 15th. Finally, Wells Fargo & Co increased their target price on shares of E*TRADE Financial from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $48.00.

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About E*TRADE Financial

E*Trade Financial Corporation is a financial services company. The Company provides online brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial. The Company also provides investor-focused banking products, primarily sweep deposits, to retail investors.

Institutional Ownership by Quarter for E*TRADE Financial (NASDAQ:ETFC)

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