Chevy Chase Trust Holdings Inc. lowered its position in E-Trade Financial Corp. (NASDAQ:ETFC) by 4.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 228,959 shares of the company’s stock after selling 9,729 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.08% of E-Trade Financial Corp. worth $6,668,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Sterling Capital Management LLC raised its position in shares of 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 during the period. Royal Bank of Canada raised 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 worth $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 worth about $232,000. Capital Fund Management S.A. purchased a new position in shares of E-Trade Financial Corp. during the second quarter worth about $2,612,000. Finally, Monarch Partners Asset Management LLC purchased a new position in shares of E-Trade Financial Corp. during the second quarter worth about $6,531,000. Institutional investors and hedge funds own 90.55% of the company’s stock.

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

E-Trade Financial Corp. (NASDAQ:ETFC) traded up 1.893% during midday trading on Wednesday, hitting $34.715. 1,801,236 shares of the stock traded hands. The company has a 50-day moving average price of $30.23 and a 200-day moving average price of $27.07. The firm has a market cap of $9.52 billion, a P/E ratio of 19.158 and a beta of 1.69. E-Trade Financial Corp. has a 1-year low of $19.61 and a 1-year high of $34.89.

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

ILLEGAL ACTIVITY WARNING: “E-Trade Financial Corp. (ETFC) Stake Lowered by Chevy Chase Trust Holdings Inc.” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The correct version of this report can be viewed at https://www.thecerbatgem.com/2016/11/30/e-trade-financial-corp-etfc-stake-lowered-by-chevy-chase-trust-holdings-inc.html.

Several research analysts have weighed in on ETFC shares. Bank of America Corp. lowered shares of E-Trade Financial Corp. from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a research report on Thursday, October 13th. Barclays PLC upped their target price on shares of E-Trade Financial Corp. from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, October 13th. upped their target price on shares of E-Trade Financial Corp. from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, September 22nd. Nomura restated a “buy” rating and set a $33.00 target price (up from $32.00) on shares of E-Trade Financial Corp. in a research report on Saturday, October 22nd. Finally, Morgan Stanley started coverage on shares of E-Trade Financial Corp. in a research report on Monday, September 26th. They set an “equal weight” rating and a $29.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company 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

Receive News & Stock Ratings for E-Trade Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for E-Trade Financial Corp. and related stocks with our FREE daily email newsletter.