Oregon Public Employees Retirement Fund held its position in E*TRADE Financial Corporation (NASDAQ:ETFC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,560 shares of the financial services provider’s stock at the end of the second quarter. Oregon Public Employees Retirement Fund’s holdings in E*TRADE Financial Corporation were worth $1,086,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETFC. ProShare Advisors LLC raised its position in E*TRADE Financial Corporation by 58.6% in the first quarter. ProShare Advisors LLC now owns 110,326 shares of the financial services provider’s stock worth $3,849,000 after buying an additional 40,774 shares during the last quarter. Profund Advisors LLC raised its position in E*TRADE Financial Corporation by 13.7% in the first quarter. Profund Advisors LLC now owns 64,125 shares of the financial services provider’s stock worth $2,237,000 after buying an additional 7,717 shares during the last quarter. Korea Investment CORP raised its position in E*TRADE Financial Corporation by 9,636.8% in the first quarter. Korea Investment CORP now owns 31,450 shares of the financial services provider’s stock worth $1,097,000 after buying an additional 31,127 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in E*TRADE Financial Corporation during the first quarter worth $357,000. Finally, Bank of The West purchased a new position in E*TRADE Financial Corporation during the first quarter worth $603,000. 92.62% of the stock is currently owned by institutional investors.

E*TRADE Financial Corporation (ETFC) traded up 1.304% during trading on Friday, hitting $41.575. 441,585 shares of the stock traded hands. E*TRADE Financial Corporation has a 52-week low of $24.49 and a 52-week high of $42.19. The company has a market cap of $11.45 billion, a P/E ratio of 19.428 and a beta of 1.48. The firm has a 50-day moving average price of $38.82 and a 200 day moving average price of $36.21.

E*TRADE Financial Corporation (NASDAQ:ETFC) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The business had revenue of $577 million for the quarter, compared to analysts’ expectations of $553.31 million. E*TRADE Financial Corporation had a net margin of 28.42% and a return on equity of 9.06%. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS. On average, equities analysts expect that E*TRADE Financial Corporation will post $2.26 EPS for the current year.

E*TRADE Financial Corporation declared that its Board of Directors has authorized a stock buyback program on Thursday, July 20th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 9.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

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A number of research firms recently weighed in on ETFC. Morgan Stanley reissued an “equal weight” rating and set a $43.00 price target (up from $40.00) on shares of E*TRADE Financial Corporation in a research report on Tuesday, July 25th. Deutsche Bank AG raised their price target on shares of E*TRADE Financial Corporation from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Bank of America Corporation raised their price target on shares of E*TRADE Financial Corporation from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, July 21st. Robert W. Baird reissued an “outperform” rating and set a $49.00 price target (up from $43.00) on shares of E*TRADE Financial Corporation in a research report on Saturday, July 22nd. Finally, Jefferies Group LLC reissued a “hold” rating and set a $43.00 price target (up from $39.00) on shares of E*TRADE Financial Corporation in a research report on Saturday, July 22nd. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $40.94.

In other news, insider Brent Simonich sold 5,696 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $41.50, for a total value of $236,384.00. Following the transaction, the insider now owns 31,557 shares in the company, valued at approximately $1,309,615.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James P. Healy acquired 5,000 shares of the stock in a transaction dated Tuesday, July 25th. The stock was acquired at an average price of $41.97 per share, for a total transaction of $209,850.00. Following the purchase, the director now directly owns 40,792 shares in the company, valued at $1,712,040.24. The disclosure for this purchase can be found here. 0.17% of the stock is owned by corporate insiders.

E*TRADE Financial Corporation Company 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.

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

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