KBC Group NV boosted its position in E-Trade Financial Corp. (NASDAQ:ETFC) by 118.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 281,323 shares of the company’s stock after buying an additional 152,539 shares during the period. KBC Group NV owned 0.10% of E-Trade Financial Corp. worth $8,192,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Sterling Capital Management LLC increased its position in E-Trade Financial Corp. by 5.9% in the second quarter. Sterling Capital Management LLC now owns 4,392,306 shares of the company’s stock worth $103,175,000 after buying an additional 245,367 shares in the last quarter. Royal Bank of Canada increased its position in shares of E-Trade Financial Corp. by 17.8% in the first quarter. Royal Bank of Canada now owns 859,249 shares of the company’s stock valued at $21,044,000 after buying an additional 129,580 shares during the period. ING Groep NV purchased a new position in shares of E-Trade Financial Corp. during the second quarter valued at approximately $232,000. Capital Fund Management S.A. purchased a new position in shares of E-Trade Financial Corp. during the second quarter valued at approximately $2,612,000. Finally, Monarch Partners Asset Management LLC purchased a new position in shares of E-Trade Financial Corp. during the second quarter valued at approximately $6,531,000. 90.55% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for E-Trade Financial Corp. (NASDAQ:ETFC)

Shares of E-Trade Financial Corp. (NASDAQ:ETFC) traded up 0.97% during midday trading on Tuesday, reaching $34.22. 989,390 shares of the company’s stock traded hands. The stock has a market cap of $9.39 billion, a P/E ratio of 18.89 and a beta of 1.69. E-Trade Financial Corp. has a 52-week low of $19.61 and a 52-week high of $34.67. The stock has a 50-day moving average price of $30.23 and a 200-day moving average price of $27.06.

E-Trade Financial Corp. (NASDAQ:ETFC) last posted its quarterly earnings results on Thursday, October 20th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.13. E-Trade Financial Corp. had a net margin of 27.25% and a return on equity of 8.31%. The company had revenue of $486 million for the quarter, compared to the consensus estimate of $645 million. During the same period last year, the company posted $0.48 EPS. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. Analysts forecast that E-Trade Financial Corp. will post $1.82 earnings per share for the current year.

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Several research analysts recently commented on the stock. SunTrust Banks Inc. lifted their target price on shares of E-Trade Financial Corp. from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday. Nomura restated a “buy” rating and issued a $32.00 price target on shares of E-Trade Financial Corp. in a research report on Wednesday, August 3rd. Barclays PLC set a $30.00 price target on shares of E-Trade Financial Corp. and gave the company a “buy” rating in a research report on Tuesday, August 9th. restated an “outperform” rating and issued a $29.00 price target on shares of E-Trade Financial Corp. in a research report on Friday, September 16th. Finally, Buckingham Research restated a “buy” rating and issued a $33.00 price target on shares of E-Trade Financial Corp. in a research report on Monday, October 24th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $31.94.

E-Trade Financial Corp. Company Profile

E*Trade Financial Corporation is a financial services company. The Company provides 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.

5 Day Chart for NASDAQ:ETFC

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