E*TRADE Financial Corp (NASDAQ:ETFC) Stock Holdings Lessened by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. trimmed its stake in E*TRADE Financial Corp (NASDAQ:ETFC) by 22.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 979,223 shares of the financial services provider’s stock after selling 278,494 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.44% of E*TRADE Financial worth $48,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ellevest Inc. lifted its position in shares of E*TRADE Financial by 48.4% in the second quarter. Ellevest Inc. now owns 607 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 198 shares in the last quarter. Private Capital Group LLC lifted its position in shares of E*TRADE Financial by 34.1% in the first quarter. Private Capital Group LLC now owns 1,259 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 320 shares in the last quarter. Signaturefd LLC lifted its position in shares of E*TRADE Financial by 130.3% in the first quarter. Signaturefd LLC now owns 1,573 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 890 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of E*TRADE Financial by 754.9% in the second quarter. Valeo Financial Advisors LLC now owns 1,308 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 1,155 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of E*TRADE Financial by 45.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,469 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 772 shares in the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on ETFC shares. Credit Suisse Group reduced their price target on shares of E*TRADE Financial from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, April 16th. UBS Group raised their price objective on shares of E*TRADE Financial from $41.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Zacks Investment Research lowered shares of E*TRADE Financial from a “buy” rating to a “hold” rating and set a $55.00 price objective on the stock. in a research report on Wednesday, July 15th. BidaskClub lowered shares of E*TRADE Financial from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Piper Sandler raised their price objective on shares of E*TRADE Financial from $49.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $47.61.

NASDAQ:ETFC opened at $50.77 on Friday. E*TRADE Financial Corp has a 12 month low of $25.76 and a 12 month high of $57.30. The firm has a market cap of $11.22 billion, a price-to-earnings ratio of 14.02 and a beta of 1.27. The company has a quick ratio of 0.29, a current ratio of 0.30 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $50.39 and its 200-day moving average is $43.93.

E*TRADE Financial (NASDAQ:ETFC) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.12. E*TRADE Financial had a net margin of 28.69% and a return on equity of 19.67%. The company had revenue of $716.00 million for the quarter, compared to analyst estimates of $678.03 million. Research analysts predict that E*TRADE Financial Corp will post 3.05 EPS for the current fiscal 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 13.90%.

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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