KAMES CAPITAL plc reduced its holdings in E*TRADE Financial Corp (NASDAQ:ETFC) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,503 shares of the financial services provider’s stock after selling 3,664 shares during the period. KAMES CAPITAL plc’s holdings in E*TRADE Financial were worth $2,156,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of E*TRADE Financial by 0.5% during the second quarter. Vanguard Group Inc. now owns 29,167,934 shares of the financial services provider’s stock valued at $1,109,256,000 after purchasing an additional 157,269 shares during the period. FMR LLC increased its position in shares of E*TRADE Financial by 24.3% during the second quarter. FMR LLC now owns 10,737,023 shares of the financial services provider’s stock valued at $408,329,000 after purchasing an additional 2,096,445 shares during the period. Northern Trust Corp increased its position in shares of E*TRADE Financial by 29.1% during the second quarter. Northern Trust Corp now owns 4,599,263 shares of the financial services provider’s stock valued at $174,911,000 after purchasing an additional 1,035,976 shares during the period. Boston Partners increased its position in shares of E*TRADE Financial by 180.2% during the third quarter. Boston Partners now owns 3,031,853 shares of the financial services provider’s stock valued at $132,219,000 after purchasing an additional 1,949,872 shares during the period. Finally, BT Investment Management Ltd bought a new stake in shares of E*TRADE Financial during the second quarter valued at approximately $97,155,000. 94.14% of the stock is currently owned by institutional investors.

A number of research firms have recently issued reports on ETFC. SunTrust Banks restated a “buy” rating and set a $50.00 price objective on shares of E*TRADE Financial in a research report on Friday, October 20th. Barclays boosted their price objective on E*TRADE Financial from $49.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, October 20th. Zacks Investment Research lowered E*TRADE Financial from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Wells Fargo & Co boosted their price target on E*TRADE Financial from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $56.00 price target on shares of E*TRADE Financial in a research note on Monday, January 8th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $50.40.

E*TRADE Financial Corp (NASDAQ:ETFC) opened at $53.94 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.27 and a current ratio of 0.27. E*TRADE Financial Corp has a one year low of $32.25 and a one year high of $54.00. The stock has a market capitalization of $14,192.98, a price-to-earnings ratio of 26.75, a PEG ratio of 0.87 and a beta of 1.46.

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 (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. E*TRADE Financial had a return on equity of 9.34% and a net margin of 27.35%. The business had revenue of $599.00 million for the quarter, compared to analyst estimates of $598.96 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The firm’s revenue for the quarter was up 23.3% compared to the same quarter last year. analysts forecast that E*TRADE Financial Corp will post 2.28 EPS for the current fiscal 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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