E*TRADE Financial Corp (ETFC) Shares Bought by Point72 Asia Hong Kong Ltd

Point72 Asia Hong Kong Ltd raised its holdings in E*TRADE Financial Corp (NASDAQ:ETFC) by 24,784.0% during the first quarter, HoldingsChannel reports. The firm owned 6,221 shares of the financial services provider’s stock after acquiring an additional 6,196 shares during the quarter. Point72 Asia Hong Kong Ltd’s holdings in E*TRADE Financial were worth $345,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Blackhawk Capital Partners LLC. boosted its holdings in shares of E*TRADE Financial by 81.4% in the 1st quarter. Blackhawk Capital Partners LLC. now owns 1,805 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 810 shares in the last quarter. United Capital Financial Advisers LLC boosted its holdings in shares of E*TRADE Financial by 15.1% in the 1st quarter. United Capital Financial Advisers LLC now owns 6,926 shares of the financial services provider’s stock valued at $384,000 after purchasing an additional 911 shares in the last quarter. Terra Nova Asset Management LLC boosted its holdings in shares of E*TRADE Financial by 6.3% in the 4th quarter. Terra Nova Asset Management LLC now owns 20,886 shares of the financial services provider’s stock valued at $1,035,000 after purchasing an additional 1,235 shares in the last quarter. Vident Investment Advisory LLC boosted its holdings in shares of E*TRADE Financial by 2.0% in the 4th quarter. Vident Investment Advisory LLC now owns 64,560 shares of the financial services provider’s stock valued at $3,489,000 after purchasing an additional 1,257 shares in the last quarter. Finally, Norinchukin Bank The boosted its holdings in shares of E*TRADE Financial by 10.9% in the 4th quarter. Norinchukin Bank The now owns 13,570 shares of the financial services provider’s stock valued at $673,000 after purchasing an additional 1,329 shares in the last quarter. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have weighed in on ETFC shares. BidaskClub raised E*TRADE Financial from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 17th. Keefe, Bruyette & Woods raised E*TRADE Financial from a “market perform” rating to an “outperform” rating and set a $61.00 price objective on the stock in a report on Tuesday, March 6th. UBS Group raised E*TRADE Financial from an “outperform” rating to a “strong-buy” rating in a report on Monday, March 12th. Raymond James raised E*TRADE Financial from an “outperform” rating to a “strong-buy” rating in a report on Monday, March 12th. Finally, Sandler O’Neill reissued a “hold” rating and set a $58.00 price objective on shares of E*TRADE Financial in a report on Thursday, March 15th. Two equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $61.17.

Shares of E*TRADE Financial opened at $64.88 on Thursday, MarketBeat.com reports. The firm has a market cap of $17.02 billion, a P/E ratio of 29.63, a P/E/G ratio of 1.07 and a beta of 1.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.27 and a quick ratio of 0.27. E*TRADE Financial Corp has a 12-month low of $36.09 and a 12-month high of $66.46.

E*TRADE Financial (NASDAQ:ETFC) last announced its earnings results on Thursday, April 19th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.09. The business had revenue of $708.00 million during the quarter, compared to analyst estimates of $686.31 million. E*TRADE Financial had a return on equity of 11.64% and a net margin of 28.40%. E*TRADE Financial’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period last year, the company earned $0.48 EPS. analysts expect that E*TRADE Financial Corp will post 3.64 earnings per share for the current fiscal year.

About E*TRADE Financial

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand. It also offers investor-focused banking products, primarily sweep deposits to retail investors; Federal Deposit Insurance Corporation insurance services; clearing and settlement services; investment advisory services; and financial corporate services, such as software and services for managing equity compensation plans to its corporate clients.

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

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