Magnetar Financial LLC decreased its position in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 70.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,639 shares of the financial services provider’s stock after selling 10,898 shares during the quarter. Magnetar Financial LLC’s holdings in E*TRADE Financial were worth $202,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ETFC. New England Research & Management Inc. acquired a new position in shares of E*TRADE Financial during the 3rd quarter worth approximately $379,000. Aviva PLC raised its position in shares of E*TRADE Financial by 6.1% during the 2nd quarter. Aviva PLC now owns 179,995 shares of the financial services provider’s stock worth $6,849,000 after purchasing an additional 10,334 shares during the last quarter. Artemis Investment Management LLP acquired a new position in shares of E*TRADE Financial during the 2nd quarter worth approximately $3,424,000. Burney Co. raised its position in shares of E*TRADE Financial by 3.7% during the 2nd quarter. Burney Co. now owns 71,205 shares of the financial services provider’s stock worth $2,683,000 after purchasing an additional 2,563 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in shares of E*TRADE Financial by 25.6% during the 2nd quarter. Toronto Dominion Bank now owns 93,052 shares of the financial services provider’s stock worth $3,538,000 after purchasing an additional 18,938 shares during the last quarter. 94.32% of the stock is currently owned by institutional investors and hedge funds.

E*TRADE Financial Corp (NASDAQ ETFC) opened at $49.88 on Monday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $13,367.54, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 1.76 and a beta of 1.45. E*TRADE Financial Corp has a twelve month low of $32.25 and a twelve month high of $50.90.

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, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.04. The company had revenue of $599.00 million during the quarter, compared to the consensus estimate of $598.96 million. E*TRADE Financial had a return on equity of 9.34% and a net margin of 27.35%. E*TRADE Financial’s revenue was up 23.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 EPS. equities research analysts anticipate that E*TRADE Financial Corp will post 2.26 earnings per share for the current fiscal year.

Several research analysts recently issued reports on ETFC shares. Barclays started coverage on E*TRADE Financial in a research report on Friday, September 8th. They set an “overweight” rating and a $45.00 price objective for the company. SunTrust Banks restated a “buy” rating and set a $50.00 price objective on shares of E*TRADE Financial in a research report on Monday, September 18th. Zacks Investment Research downgraded E*TRADE Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Bank of America upgraded E*TRADE Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $44.00 to $49.00 in a research report on Monday, October 9th. Finally, Wells Fargo & Company lifted their price objective on E*TRADE Financial from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, October 20th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $47.60.

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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.

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

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