OLD National Bancorp IN lowered its position in E*TRADE Financial Corp (NASDAQ:ETFC) by 11.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,793 shares of the financial services provider’s stock after selling 2,929 shares during the period. OLD National Bancorp IN’s holdings in E*TRADE Financial were worth $1,081,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Valeo Financial Advisors LLC bought a new position in shares of E*TRADE Financial in the 3rd quarter worth approximately $136,000. Ballentine Partners LLC bought a new position in E*TRADE Financial during the 4th quarter valued at approximately $206,000. YHB Investment Advisors Inc. bought a new position in E*TRADE Financial during the 4th quarter valued at approximately $220,000. Visionary Asset Management Inc. bought a new position in E*TRADE Financial during the 3rd quarter valued at approximately $209,000. Finally, Flagship Harbor Advisors LLC bought a new position in E*TRADE Financial during the 3rd quarter valued at approximately $234,000. 93.35% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on ETFC shares. Morgan Stanley raised E*TRADE Financial from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $44.00 to $43.00 in a research report on Wednesday, January 3rd. SunTrust Banks raised their price objective on E*TRADE Financial to $65.00 and gave the company a “buy” rating in a research report on Friday, January 26th. BidaskClub lowered E*TRADE Financial from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 30th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $60.00 price objective (up previously from $51.00) on shares of E*TRADE Financial in a research report on Thursday, January 4th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $70.00 price objective on shares of E*TRADE Financial in a research report on Tuesday, January 30th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $54.93.

In other E*TRADE Financial news, CEO Karl A. Roessner sold 115,059 shares of E*TRADE Financial stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $51.79, for a total value of $5,958,905.61. Following the completion of the sale, the chief executive officer now owns 196,828 shares of the company’s stock, valued at approximately $10,193,722.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Rodger A. Lawson sold 3,853 shares of E*TRADE Financial stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $51.95, for a total value of $200,163.35. Following the completion of the sale, the chairman now directly owns 96,966 shares of the company’s stock, valued at approximately $5,037,383.70. The disclosure for this sale can be found here. In the last three months, insiders sold 224,899 shares of company stock valued at $11,633,684. Corporate insiders own 0.17% of the company’s stock.

Shares of E*TRADE Financial Corp (ETFC) opened at $50.05 on Wednesday. The company has a market capitalization of $13,394.76, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. E*TRADE Financial Corp has a fifty-two week low of $32.25 and a fifty-two week high of $56.00. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.30.

E*TRADE Financial (NASDAQ:ETFC) last posted its earnings results on Thursday, January 25th. The financial services provider reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.13). The business had revenue of $637.00 million during the quarter, compared to the consensus estimate of $629.03 million. E*TRADE Financial had a return on equity of 10.07% and a net margin of 25.95%. The firm’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 EPS. sell-side analysts expect that E*TRADE Financial Corp will post 3.24 earnings per share for the current year.

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E*TRADE Financial 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.

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

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