Monarch Partners Asset Management LLC lessened its position in E*TRADE Financial Corporation (NASDAQ:ETFC) by 42.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 150,660 shares of the financial services provider’s stock after selling 112,360 shares during the quarter. Monarch Partners Asset Management LLC owned approximately 0.05% of E*TRADE Financial Corporation worth $6,570,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in ETFC. Quadrant Capital Group LLC raised its position in E*TRADE Financial Corporation by 21.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 3,436 shares of the financial services provider’s stock valued at $121,000 after buying an additional 614 shares during the last quarter. Advisors Asset Management Inc. raised its position in E*TRADE Financial Corporation by 80.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 3,239 shares of the financial services provider’s stock valued at $123,000 after buying an additional 1,448 shares during the last quarter. Exane Derivatives acquired a new stake in E*TRADE Financial Corporation in the 2nd quarter valued at approximately $130,000. Krilogy Financial LLC raised its position in E*TRADE Financial Corporation by 7.5% in the 2nd quarter. Krilogy Financial LLC now owns 3,710 shares of the financial services provider’s stock valued at $141,000 after buying an additional 260 shares during the last quarter. Finally, Financial Counselors Inc. acquired a new stake in E*TRADE Financial Corporation in the 2nd quarter valued at approximately $203,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This report was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://www.watchlistnews.com/monarch-partners-asset-management-llc-sells-112360-shares-of-etrade-financial-corporation-etfc/1685158.html.

E*TRADE Financial Corporation (NASDAQ:ETFC) traded up $0.22 during trading hours on Tuesday, hitting $44.32. The stock had a trading volume of 22,126 shares, compared to its average volume of 2,240,000. The company has a market cap of $11,950.00, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 1.56 and a beta of 1.44. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.26. E*TRADE Financial Corporation has a 1 year low of $28.19 and a 1 year high of $45.70.

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 for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The firm had revenue of $599.00 million during the quarter, compared to the consensus estimate of $598.96 million. E*TRADE Financial Corporation had a return on equity of 9.34% and a net margin of 27.35%. The company’s revenue was up 23.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. analysts expect that E*TRADE Financial Corporation will post 2.26 EPS for the current fiscal year.

E*TRADE Financial Corporation declared that its Board of Directors has initiated a share repurchase program on Thursday, July 20th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 9.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

In other E*TRADE Financial Corporation news, CFO Michael A. Pizzi sold 9,977 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $39.41, for a total value of $393,193.57. Following the completion of the transaction, the chief financial officer now owns 110,142 shares of the company’s stock, valued at approximately $4,340,696.22. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Karl A. Roessner sold 8,578 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $40.49, for a total value of $347,323.22. Following the completion of the transaction, the chief executive officer now directly owns 225,731 shares of the company’s stock, valued at approximately $9,139,848.19. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,927 shares of company stock valued at $2,679,327. 0.17% of the stock is owned by corporate insiders.

A number of brokerages recently issued reports on ETFC. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $43.00 target price on shares of E*TRADE Financial Corporation in a research report on Friday, July 14th. Barclays PLC lifted their target price on E*TRADE Financial Corporation from $45.00 to $49.00 and gave the company an “overweight” rating in a research report on Tuesday, October 10th. Rosenblatt Securities began coverage on E*TRADE Financial Corporation in a research report on Thursday, July 13th. They issued a “buy” rating and a $43.00 target price on the stock. Deutsche Bank AG lifted their target price on E*TRADE Financial Corporation from $48.00 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, Jefferies Group LLC reissued a “hold” rating on shares of E*TRADE Financial Corporation in a research report on Monday, July 10th. Five 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 a consensus target price of $46.79.

E*TRADE Financial Corporation 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.

Want to see what other hedge funds are holding ETFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for E*TRADE Financial Corporation (NASDAQ:ETFC).

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

Receive News & Ratings for E*TRADE Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for E*TRADE Financial Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.