E*TRADE Financial Corp (ETFC) : C M Bidwell Associates Ltd added new position in E*TRADE Financial Corp during the most recent quarter end. The investment management firm now holds 307,335 shares of E*TRADE Financial Corp which is valued at $7,750,989 , the company said in a statement filed on Aug 12, 2016 with the SEC.E*TRADE Financial Corp makes up approximately 1.84% of C M Bidwell Associates Ltd’s portfolio.
Other Hedge Funds, Including , Winton Capital Group Ltd sold out all of its stake in ETFC during the most recent quarter. The investment firm sold 131,735 shares of ETFC which is valued $3,322,357.Barrow Hanley Mewhinney Strauss boosted its stake in ETFC in the latest quarter, The investment management firm added 11,600 additional shares and now holds a total of 1,688,813 shares of E*TRADE Financial Corp which is valued at $43,115,396. E*TRADE Financial Corp makes up approx 0.06% of Barrow Hanley Mewhinney Strauss’s portfolio. Diversified Trust Co sold out all of its stake in ETFC during the most recent quarter. The investment firm sold 21,437 shares of ETFC which is valued $541,070.
E*TRADE Financial Corp opened for trading at $26.04 and hit $26.505 on the upside on Monday, eventually ending the session at $26.14, with a gain of 0.35% or 0.09 points. The heightened volatility saw the trading volume jump to 32,09,402 shares. Company has a market cap of $7,154 M.
On the company’s financial health, E*TRADE Financial Corp reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.33. The company had revenue of $472.00 million for the quarter, compared to analysts expectations of $475.14 million. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.
Many Wall Street Analysts have commented on E*TRADE Financial Corp. Shares were Reiterated by Compass Point on Jul 22, 2016 to “Buy” and Lowered the Price Target to $ 30 from a previous price target of $31 .E*TRADE Financial Corp was Downgraded by Goldman to ” Neutral” on Jul 22, 2016. Buckingham Research Initiated E*TRADE Financial Corp on Jul 13, 2016 to “Buy”, Price Target of the shares are set at $29.
E*Trade Financial Corporation is a financial services company and an online brokerage industry. The Company offers solutions for individual investors and stock plan participants. The Company offers its customers to take control of its financial futures by providing the products tools services and advice they need to meet their near and long term investing goals. The Company provides these services to customers both online and through their network of customer service representatives and Financial Consultants – over the phone and in person at 30 Company branches across the United States. The Company operates a bank with the primary purpose of maximizing the value of deposits generated though its brokerage business.