Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of E*TRADE Financial Corporation (NASDAQ:ETFC) by 88.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 233,037 shares of the financial services provider’s stock after buying an additional 109,081 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.09% of E*TRADE Financial Corporation worth $10,163,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. ING Groep NV grew its stake in E*TRADE Financial Corporation by 0.4% in the second quarter. ING Groep NV now owns 14,056 shares of the financial services provider’s stock valued at $535,000 after purchasing an additional 51 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in E*TRADE Financial Corporation by 0.3% in the second quarter. Wedge Capital Management L L P NC now owns 23,923 shares of the financial services provider’s stock valued at $910,000 after purchasing an additional 62 shares in the last quarter. Sentry Investment Management LLC grew its stake in E*TRADE Financial Corporation by 0.6% in the second quarter. Sentry Investment Management LLC now owns 17,179 shares of the financial services provider’s stock valued at $653,000 after purchasing an additional 95 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in E*TRADE Financial Corporation by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 17,000 shares of the financial services provider’s stock valued at $647,000 after purchasing an additional 100 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of E*TRADE Financial Corporation by 0.4% in the second quarter. CIBC Asset Management Inc now owns 26,191 shares of the financial services provider’s stock valued at $996,000 after buying an additional 106 shares during the last quarter. Institutional investors and hedge funds own 92.96% of the company’s stock.

In other news, insider Michael John Curcio sold 33,474 shares of E*TRADE Financial Corporation stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $40.38, for a total value of $1,351,680.12. Following the transaction, the insider now owns 267,151 shares in the company, valued at approximately $10,787,557.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Karl A. Roessner sold 8,578 shares of E*TRADE Financial Corporation stock in a transaction on Wednesday, September 13th. The shares were 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 owns 225,731 shares in the company, valued at approximately $9,139,848.19. The disclosure for this sale can be found here. 0.17% of the stock is owned by insiders.

E*TRADE Financial Corporation (ETFC) opened at $44.87 on Friday. The firm has a market capitalization of $12,064.58, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 1.58 and a beta of 1.44. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.26. E*TRADE Financial Corporation has a fifty-two week low of $32.25 and a fifty-two week high of $45.70.

E*TRADE Financial Corporation (NASDAQ:ETFC) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.04. The firm had revenue of $599.00 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 23.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS. equities research analysts anticipate that E*TRADE Financial Corporation will post 2.26 earnings per share for the current fiscal year.

A number of research firms have recently issued reports on ETFC. Barclays PLC raised their price objective 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. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $50.00 price objective on shares of E*TRADE Financial Corporation in a research report on Monday, September 18th. BidaskClub cut E*TRADE Financial Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research cut E*TRADE Financial Corporation from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Finally, Wells Fargo & Company raised their price objective on E*TRADE Financial Corporation from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $46.79.

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About E*TRADE Financial Corporation

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.

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

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