UBS Asset Management Americas Inc. boosted its position in shares of E*TRADE Financial Corporation (NASDAQ:ETFC) by 8.1% during the first quarter, Holdings Channel reports. The firm owned 684,806 shares of the financial services provider’s stock after buying an additional 51,389 shares during the period. UBS Asset Management Americas Inc.’s holdings in E*TRADE Financial Corporation were worth $23,893,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in ETFC. Russell Investments Group Ltd. purchased a new position in E*TRADE Financial Corporation during the fourth quarter worth approximately $10,170,000. Commerzbank Aktiengesellschaft FI purchased a new position in E*TRADE Financial Corporation during the fourth quarter worth approximately $206,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in E*TRADE Financial Corporation by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,693 shares of the financial services provider’s stock worth $544,000 after buying an additional 62 shares during the period. Trexquant Investment LP purchased a new position in E*TRADE Financial Corporation during the fourth quarter worth approximately $690,000. Finally, Marshall Wace LLP raised its position in E*TRADE Financial Corporation by 52.7% in the fourth quarter. Marshall Wace LLP now owns 107,449 shares of the financial services provider’s stock worth $3,723,000 after buying an additional 37,077 shares during the period. Hedge funds and other institutional investors own 92.00% of the company’s stock.

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

Shares of E*TRADE Financial Corporation (NASDAQ ETFC) opened at 37.05 on Friday. The company’s 50 day moving average is $35.32 and its 200-day moving average is $35.40. The company has a market capitalization of $10.18 billion, a P/E ratio of 19.21 and a beta of 1.40. E*TRADE Financial Corporation has a 1-year low of $21.52 and a 1-year high of $38.61.

E*TRADE Financial Corporation (NASDAQ:ETFC) last posted its earnings results on Thursday, April 20th. The financial services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.39 by $0.09. E*TRADE Financial Corporation had a net margin of 26.90% and a return on equity of 9.09%. The business had revenue of $553 million for the quarter, compared to the consensus estimate of $532.43 million. During the same period last year, the company earned $0.43 EPS. The firm’s revenue was up 17.2% compared to the same quarter last year. On average, equities research analysts forecast that E*TRADE Financial Corporation will post $1.96 EPS for the current year.

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A number of equities analysts have commented on ETFC shares. Zacks Investment Research lowered shares of E*TRADE Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. SunTrust Banks, Inc. restated a “buy” rating and issued a $42.00 price target on shares of E*TRADE Financial Corporation in a research report on Tuesday, February 28th. Sandler O’Neill lowered shares of E*TRADE Financial Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, March 2nd. JMP Securities reduced their price target on shares of E*TRADE Financial Corporation from $42.00 to $41.00 and set an “outperform” rating on the stock in a research report on Monday, March 20th. Finally, Deutsche Bank AG reduced their price target on shares of E*TRADE Financial Corporation from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, April 6th. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $36.12.

In related news, insider Rodger A. Lawson sold 7,947 shares of E*TRADE Financial Corporation stock in a transaction that occurred on Monday, March 27th. The shares were sold at an average price of $33.03, for a total transaction of $262,489.41. Following the sale, the insider now directly owns 94,910 shares in the company, valued at approximately $3,134,877.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.17% of the stock is owned by company insiders.

E*TRADE Financial Corporation 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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