Today, Bank of Hawaii decides to keep it stake in E-Trade Financial Corp. (ETFC) to the level of $424,000

Today, Bank of Hawaii decides to keep it stake in E-Trade Financial Corp. (ETFC) to the level of $424,000
Bank of Hawaii lowered its stake in E-Trade Financial Corp. (NASDAQ:ETFC) by 0.1% during the third quarter, Holdings Channel reports. The institutional investor owned 14,545 shares of the company’s stock after selling 20 shares during the period. Bank of Hawaii’s holdings in E-Trade Financial Corp. were worth $424,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mizuho Asset Management Co. Ltd. bought a new stake in shares of E-Trade Financial Corp. during the second quarter valued at about $110,000. Acadian Asset Management LLC bought a new stake in shares of E-Trade Financial Corp. during the third quarter valued at about $187,000. FNY Managed Accounts LLC raised its stake in shares of E-Trade Financial Corp. by 128.3% in the second quarter. FNY Managed Accounts LLC now owns 6,850 shares of the company’s stock valued at $161,000 after buying an additional 3,850 shares during the period. I.G. Investment Management LTD. raised its stake in shares of E-Trade Financial Corp. by 11.8% in the second quarter. I.G. Investment Management LTD. now owns 7,758 shares of the company’s stock valued at $182,000 after buying an additional 821 shares during the period. Finally, Seven Eight Capital LLC bought a new stake in shares of E-Trade Financial Corp. during the first quarter valued at about $196,000. Institutional investors and hedge funds own 95.92% of the company’s stock.

Shares of E-Trade Financial Corp. (NASDAQ:ETFC) traded up 0.29% during midday trading on Friday, reaching $34.67. The company’s stock had a trading volume of 766,416 shares. E-Trade Financial Corp. has a 1-year low of $19.61 and a 1-year high of $34.67. The company’s 50-day moving average price is $29.95 and its 200 day moving average price is $26.91. The firm has a market capitalization of $9.51 billion, a PE ratio of 19.13 and a beta of 1.69.

E-Trade Financial Corp. (NASDAQ:ETFC) last posted its earnings results on Thursday, October 20th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.13. E-Trade Financial Corp. had a return on equity of 8.31% and a net margin of 27.25%. The business earned $486 million during the quarter, compared to analyst estimates of $645 million. During the same quarter last year, the firm earned $0.48 earnings per share. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, equities research analysts forecast that E-Trade Financial Corp. will post $1.82 earnings per share for the current year.

ETFC has been the subject of several research reports. Nomura reaffirmed a “buy” rating and issued a $33.00 target price (up from $32.00) on shares of E-Trade Financial Corp. in a research report on Saturday, October 22nd. Jefferies Group lifted their target price on E-Trade Financial Corp. from $28.00 to $31.00 and gave the company a “hold” rating in a research report on Tuesday, October 11th. Buckingham Research reaffirmed a “buy” rating and issued a $33.00 target price on shares of E-Trade Financial Corp. in a research report on Monday, October 24th. Zacks Investment Research raised E-Trade Financial Corp. from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Tuesday, October 25th. Finally, Barclays PLC lifted their target price on E-Trade Financial Corp. from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, October 13th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $31.76.

E-Trade Financial Corp. Company Profile

E*Trade Financial Corporation is a financial services company. The Company provides 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.

Related posts

Leave a Comment