Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in E*TRADE Financial Corporation (NASDAQ:ETFC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 187,317 shares of the financial services provider’s stock, valued at approximately $8,117,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH owned approximately 0.07% of E*TRADE Financial Corporation as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ETFC. Quadrant Capital Group LLC grew its stake in E*TRADE Financial Corporation by 21.8% in the second quarter. Quadrant Capital Group LLC now owns 3,436 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 614 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in E*TRADE Financial Corporation by 80.8% during the second quarter. Advisors Asset Management Inc. now owns 3,239 shares of the financial services provider’s stock worth $123,000 after buying an additional 1,448 shares during the period. Exane Derivatives purchased a new stake in E*TRADE Financial Corporation during the second quarter worth $130,000. Krilogy Financial LLC lifted its holdings in E*TRADE Financial Corporation by 7.5% during the second quarter. Krilogy Financial LLC now owns 3,710 shares of the financial services provider’s stock worth $141,000 after buying an additional 260 shares during the period. Finally, Financial Counselors Inc. purchased a new stake in E*TRADE Financial Corporation during the second quarter worth $203,000. 94.94% of the stock is currently owned by institutional investors.

E*TRADE Financial Corporation (NASDAQ:ETFC) traded up $0.12 during midday trading on Monday, hitting $43.04. The company had a trading volume of 384,677 shares, compared to its average volume of 2,739,398. 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 Corporation has a 52-week low of $31.33 and a 52-week high of $45.70. The firm has a market cap of $11,573.80, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 1.52 and a beta of 1.44.

E*TRADE Financial Corporation (NASDAQ:ETFC) last released its 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 Corporation had a return on equity of 9.34% and a net margin of 27.35%. The firm had revenue of $599.00 million for the quarter, compared to the consensus estimate of $598.96 million. During the same period in the prior year, the firm earned $0.51 EPS. The firm’s revenue was up 23.3% on a year-over-year basis. sell-side analysts predict that E*TRADE Financial Corporation will post 2.26 earnings per share for the current year.

E*TRADE Financial Corporation announced that its Board of Directors has authorized a stock repurchase program on Thursday, July 20th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 9.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

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In other E*TRADE Financial Corporation news, CEO Karl A. Roessner sold 8,578 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $40.49, for a total transaction of $347,323.22. Following the sale, the chief executive officer now directly owns 225,731 shares of the company’s stock, valued at approximately $9,139,848.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Karl A. Roessner sold 14,898 shares of the stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $39.41, for a total value of $587,130.18. Following the sale, the chief executive officer now directly owns 232,702 shares in the company, valued at $9,170,785.82. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,927 shares of company stock worth $2,679,327. 0.17% of the stock is owned by insiders.

A number of analysts have weighed in on the company. SunTrust Banks, Inc. restated a “buy” rating and set a $50.00 target price on shares of E*TRADE Financial Corporation in a report on Monday, September 18th. Barclays PLC upped their target price on E*TRADE Financial Corporation from $45.00 to $49.00 and gave the stock an “overweight” rating in a report on Tuesday, October 10th. BidaskClub lowered E*TRADE Financial Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Keefe, Bruyette & Woods restated a “hold” rating and set a $44.00 target price on shares of E*TRADE Financial Corporation in a report on Friday, July 21st. Finally, Jefferies Group LLC restated a “hold” rating and set a $43.00 target price (up previously from $39.00) on shares of E*TRADE Financial Corporation in a report on Saturday, July 22nd. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. E*TRADE Financial Corporation currently has an average rating of “Buy” and an average target price of $46.79.

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

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