Crow Point Partners LLC boosted its stake in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 42.2% during the fourth quarter, HoldingsChannel reports. The firm owned 10,864 shares of the financial services provider’s stock after acquiring an additional 3,225 shares during the period. Crow Point Partners LLC’s holdings in E*TRADE Financial were worth $540,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BT Investment Management Ltd bought a new stake in E*TRADE Financial in the second quarter worth approximately $97,155,000. FMR LLC grew its position in E*TRADE Financial by 24.3% in the second quarter. FMR LLC now owns 10,737,023 shares of the financial services provider’s stock worth $408,329,000 after acquiring an additional 2,096,445 shares in the last quarter. Boston Partners grew its position in E*TRADE Financial by 180.2% in the third quarter. Boston Partners now owns 3,031,853 shares of the financial services provider’s stock worth $132,219,000 after acquiring an additional 1,949,872 shares in the last quarter. Janus Henderson Group PLC grew its position in E*TRADE Financial by 3,455.2% in the second quarter. Janus Henderson Group PLC now owns 1,462,286 shares of the financial services provider’s stock worth $55,611,000 after acquiring an additional 1,421,155 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in E*TRADE Financial in the third quarter worth approximately $48,672,000. 94.14% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on ETFC. Morgan Stanley upgraded shares of E*TRADE Financial from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $44.00 to $43.00 in a research note on Wednesday, January 3rd. Zacks Investment Research cut shares of E*TRADE Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Wells Fargo & Co restated an “outperform” rating and issued a $60.00 price objective (up from $51.00) on shares of E*TRADE Financial in a research note on Thursday, January 4th. SunTrust Banks restated a “buy” rating and issued a $53.00 price objective on shares of E*TRADE Financial in a research note on Friday, December 15th. Finally, Bank of America upgraded shares of E*TRADE Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $44.00 to $49.00 in a research note on Monday, October 9th. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $49.47.

Shares of E*TRADE Financial Corp (NASDAQ ETFC) traded up $0.70 on Wednesday, hitting $52.47. 1,786,400 shares of the stock traded hands, compared to its average volume of 2,294,917. The company has a market cap of $14,190.00, a PE ratio of 24.63, a P/E/G ratio of 1.16 and a beta of 1.46. E*TRADE Financial Corp has a one year low of $32.25 and a one year high of $52.79. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.26.

E*TRADE Financial (NASDAQ:ETFC) last issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. The company had revenue of $599.00 million during the quarter, compared to analysts’ expectations of $598.96 million. E*TRADE Financial had a net margin of 27.35% and a return on equity of 9.34%. The business’s quarterly revenue was up 23.3% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. equities research analysts forecast that E*TRADE Financial Corp will post 2.27 EPS for the current year.

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E*TRADE Financial Company Profile

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

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

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