Alps Advisors Inc. lowered its holdings in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 67.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 6,028 shares of the financial services provider’s stock after selling 12,329 shares during the period. Alps Advisors Inc.’s holdings in E*TRADE Financial were worth $299,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. Public Employees Retirement Association of Colorado grew its holdings in E*TRADE Financial by 2.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 56,521 shares of the financial services provider’s stock worth $2,802,000 after purchasing an additional 1,552 shares during the period. Ballentine Partners LLC acquired a new stake in E*TRADE Financial during the fourth quarter worth approximately $206,000. Moody Lynn & Lieberson LLC lifted its position in E*TRADE Financial by 15.0% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 11,685 shares of the financial services provider’s stock worth $612,000 after acquiring an additional 1,525 shares during the last quarter. US Bancorp DE lifted its position in E*TRADE Financial by 3.1% during the fourth quarter. US Bancorp DE now owns 187,966 shares of the financial services provider’s stock worth $9,317,000 after acquiring an additional 5,661 shares during the last quarter. Finally, Picton Mahoney Asset Management lifted its position in E*TRADE Financial by 26.6% during the fourth quarter. Picton Mahoney Asset Management now owns 319,800 shares of the financial services provider’s stock worth $15,850,000 after acquiring an additional 67,200 shares during the last quarter. Institutional investors and hedge funds own 93.35% of the company’s stock.

Several equities research analysts have issued reports on the stock. SunTrust Banks restated a “buy” rating and set a $66.00 price objective on shares of E*TRADE Financial in a research report on Tuesday. Zacks Investment Research downgraded shares of E*TRADE Financial from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Jefferies Group restated a “hold” rating and set a $56.00 price objective on shares of E*TRADE Financial in a research report on Monday, January 8th. UBS Group raised their price objective on shares of E*TRADE Financial from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Finally, BidaskClub downgraded shares of E*TRADE Financial from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 30th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $54.93.

Shares of E*TRADE Financial Corp (NASDAQ:ETFC) opened at $50.05 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.27 and a quick ratio of 0.27. E*TRADE Financial Corp has a 1 year low of $32.25 and a 1 year high of $56.00. The firm has a market cap of $13,410.00, a P/E ratio of 23.28, a PEG ratio of 0.70 and a beta of 1.34.

E*TRADE Financial (NASDAQ:ETFC) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.13). E*TRADE Financial had a net margin of 25.95% and a return on equity of 10.07%. The business had revenue of $637.00 million during the quarter, compared to analyst estimates of $629.03 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The firm’s quarterly revenue was up 25.1% on a year-over-year basis. analysts predict that E*TRADE Financial Corp will post 3.23 EPS for the current year.

In related news, Chairman Rodger A. Lawson sold 3,853 shares of E*TRADE Financial stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $51.95, for a total value of $200,163.35. Following the transaction, the chairman now directly owns 96,966 shares of the company’s stock, valued at $5,037,383.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Karl A. Roessner sold 115,059 shares of E*TRADE Financial stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $51.79, for a total transaction of $5,958,905.61. Following the completion of the transaction, the chief executive officer now directly owns 196,828 shares in the company, valued at $10,193,722.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 224,899 shares of company stock valued at $11,633,684. 0.17% of the stock is owned by company insiders.

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About E*TRADE Financial

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.

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

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