Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Buys 259 Shares of E*TRADE Financial Corp (ETFC)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in E*TRADE Financial Corp (NASDAQ:ETFC) by 0.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,283 shares of the financial services provider’s stock after acquiring an additional 259 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in E*TRADE Financial were worth $1,545,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ETFC. Bronfman E.L. Rothschild L.P. boosted its holdings in E*TRADE Financial by 32.0% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 915 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 222 shares during the period. Cozad Asset Management Inc. boosted its holdings in E*TRADE Financial by 4.3% during the 1st quarter. Cozad Asset Management Inc. now owns 7,200 shares of the financial services provider’s stock valued at $334,000 after acquiring an additional 300 shares during the period. ETF Managers Group LLC boosted its holdings in E*TRADE Financial by 15.7% during the 4th quarter. ETF Managers Group LLC now owns 2,325 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 315 shares during the period. CWM LLC boosted its holdings in E*TRADE Financial by 41.0% during the 4th quarter. CWM LLC now owns 1,500 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 436 shares during the period. Finally, IFP Advisors Inc boosted its holdings in E*TRADE Financial by 93.0% during the 4th quarter. IFP Advisors Inc now owns 965 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 465 shares during the period. 91.48% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently commented on ETFC shares. BidaskClub cut E*TRADE Financial from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Zacks Investment Research upgraded E*TRADE Financial from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Thursday, May 23rd. UBS Group cut E*TRADE Financial from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $58.00 to $51.00 in a research note on Wednesday, February 20th. Finally, Morgan Stanley lifted their price objective on E*TRADE Financial from $59.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. E*TRADE Financial currently has an average rating of “Buy” and an average price target of $59.58.

In other E*TRADE Financial news, Director Rodger A. Lawson sold 41,322 shares of E*TRADE Financial stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $48.13, for a total transaction of $1,988,827.86. Following the transaction, the director now owns 114,753 shares of the company’s stock, valued at $5,523,061.89. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.20% of the company’s stock.

Shares of NASDAQ ETFC traded up $0.36 during midday trading on Wednesday, hitting $46.04. 3,217,954 shares of the company’s stock were exchanged, compared to its average volume of 2,557,517. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.24 and a current ratio of 0.24. E*TRADE Financial Corp has a twelve month low of $40.41 and a twelve month high of $66.46. The firm has a market capitalization of $11.07 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 0.99 and a beta of 1.16.

E*TRADE Financial (NASDAQ:ETFC) last issued its earnings results on Wednesday, April 17th. The financial services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.16. The business had revenue of $755.00 million for the quarter, compared to analyst estimates of $738.04 million. E*TRADE Financial had a return on equity of 18.06% and a net margin of 37.50%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company earned $0.88 EPS. On average, sell-side analysts forecast that E*TRADE Financial Corp will post 4.35 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 13th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.22%. The ex-dividend date was Friday, May 10th. E*TRADE Financial’s dividend payout ratio (DPR) is 14.40%.

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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.

See Also: Average Daily Trade Volume – ADTV

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

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