Twin Capital Management Inc. reduced its holdings in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 29.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,017 shares of the financial services provider’s stock after selling 6,793 shares during the quarter. Twin Capital Management Inc.’s holdings in E*TRADE Financial were worth $699,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ETFC. Quadrant Capital Group LLC lifted its stake in E*TRADE Financial by 21.8% during the second quarter. Quadrant Capital Group LLC now owns 3,436 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 614 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in E*TRADE Financial by 80.8% during the second quarter. Advisors Asset Management Inc. now owns 3,239 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 1,448 shares during the last quarter. Krilogy Financial LLC lifted its stake in E*TRADE Financial by 7.5% during the second quarter. Krilogy Financial LLC now owns 3,710 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 260 shares during the last quarter. Financial Counselors Inc. bought a new position in E*TRADE Financial during the second quarter worth $203,000. Finally, Suntrust Banks Inc. bought a new position in E*TRADE Financial during the second quarter worth $213,000. Institutional investors own 93.40% of the company’s stock.

Shares of E*TRADE Financial Corp (NASDAQ ETFC) opened at $48.89 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $13,100.00, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. E*TRADE Financial Corp has a one year low of $32.25 and a one year high of $48.94.

E*TRADE Financial (NASDAQ:ETFC) last posted its earnings results on Thursday, October 19th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The company had revenue of $599.00 million for the quarter, compared to analysts’ expectations of $598.96 million. E*TRADE Financial had a return on equity of 9.34% and a net margin of 27.35%. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. equities research analysts anticipate that E*TRADE Financial Corp will post 2.26 EPS for the current fiscal year.

ETFC has been the topic of several research analyst reports. Zacks Investment Research cut E*TRADE Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Bank of America upgraded E*TRADE Financial from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $44.00 to $49.00 in a research note on Monday, October 9th. Deutsche Bank raised their price objective on E*TRADE Financial from $48.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Barclays initiated coverage on E*TRADE Financial in a research note on Friday, September 8th. They set an “overweight” rating and a $45.00 price objective on the stock. Finally, Credit Suisse Group initiated coverage on E*TRADE Financial in a research note on Thursday. They set an “outperform” rating and a $56.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $47.40.

In other E*TRADE Financial news, CEO Karl A. Roessner sold 8,578 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $40.49, for a total value of $347,323.22. Following the sale, the chief executive officer now directly owns 225,731 shares in the company, valued at $9,139,848.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael John Curcio sold 33,474 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $40.38, for a total value of $1,351,680.12. Following the completion of the sale, the insider now owns 267,151 shares in the company, valued at $10,787,557.38. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.

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E*TRADE Financial 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 (NASDAQ:ETFC)

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