New England Research & Management Inc. lifted its holdings in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 113.3% in the fourth quarter, HoldingsChannel reports. The firm owned 18,545 shares of the financial services provider’s stock after acquiring an additional 9,850 shares during the period. New England Research & Management Inc.’s holdings in E*TRADE Financial were worth $919,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. BT Investment Management Ltd purchased a new stake in E*TRADE Financial in the 2nd quarter worth approximately $97,155,000. FMR LLC boosted its holdings in shares of E*TRADE Financial by 24.3% in the 2nd 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 last quarter. Boston Partners boosted its holdings in shares of E*TRADE Financial by 180.2% in the 3rd 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 last quarter. Janus Henderson Group PLC boosted its holdings in shares of E*TRADE Financial by 3,455.2% in the 2nd quarter. Janus Henderson Group PLC now owns 1,462,286 shares of the financial services provider’s stock valued at $55,611,000 after purchasing an additional 1,421,155 shares during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in shares of E*TRADE Financial in the 3rd quarter valued at $48,672,000. 94.14% of the stock is owned by institutional investors and hedge funds.

E*TRADE Financial Corp (NASDAQ ETFC) traded up $0.82 on Tuesday, hitting $52.59. 636,740 shares of the stock traded hands, compared to its average volume of 2,396,620. The company has a market cap of $14,070.00, a P/E ratio of 24.69, a P/E/G ratio of 1.16 and a beta of 1.46. E*TRADE Financial Corp has a one year low of $32.25 and a one year high of $52.19. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.27 and a quick ratio of 0.27.

E*TRADE Financial (NASDAQ:ETFC) last released its earnings results on Thursday, October 19th. The financial services provider reported $0.55 earnings per share for the quarter, topping 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 net margin of 27.35% and a return on equity of 9.34%. The company’s revenue was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. sell-side analysts expect that E*TRADE Financial Corp will post 2.27 earnings per share for the current year.

A number of equities analysts have weighed in on the stock. SunTrust Banks reiterated a “buy” rating and issued a $50.00 price target on shares of E*TRADE Financial in a report on Friday, October 20th. Barclays lifted their target price on shares of E*TRADE Financial from $49.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, October 20th. Zacks Investment Research lowered shares of E*TRADE Financial from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Wells Fargo & Co lifted their target price on shares of E*TRADE Financial from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Finally, Jefferies Group restated a “hold” rating and set a $56.00 target price on shares of E*TRADE Financial in a report on Monday. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $49.47.

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E*TRADE Financial 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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