Skandinaviska Enskilda Banken AB publ increased its position in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 14.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,906 shares of the financial services provider’s stock after purchasing an additional 5,000 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in E*TRADE Financial were worth $1,697,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in ETFC. Quadrant Capital Group LLC boosted its stake in E*TRADE Financial by 21.8% during the 2nd quarter. Quadrant Capital Group LLC now owns 3,436 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 614 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in E*TRADE Financial by 80.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 3,239 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 1,448 shares during the last quarter. Krilogy Financial LLC lifted its stake in E*TRADE Financial by 7.5% in the second quarter. Krilogy Financial LLC now owns 3,710 shares of the financial services provider’s stock valued at $141,000 after buying an additional 260 shares in the last quarter. Financial Counselors Inc. bought a new position in E*TRADE Financial in the second quarter valued at approximately $203,000. Finally, Suntrust Banks Inc. bought a new position in E*TRADE Financial in the second quarter valued at approximately $213,000. Institutional investors and hedge funds own 94.14% of the company’s stock.
E*TRADE Financial Corp (NASDAQ ETFC) traded down $0.11 on Friday, reaching $49.57. 1,590,023 shares of the company traded hands, compared to its average volume of 2,371,671. E*TRADE Financial Corp has a 1-year low of $32.25 and a 1-year high of $51.04. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $13,313.96, a PE ratio of 23.27, a price-to-earnings-growth ratio of 1.39 and a beta of 1.45.
A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of E*TRADE Financial from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Tuesday, December 19th. SunTrust Banks reiterated a “buy” rating and issued a $53.00 price objective on shares of E*TRADE Financial in a report on Friday, December 15th. Credit Suisse Group began coverage on shares of E*TRADE Financial in a report on Thursday, November 30th. They issued an “outperform” rating and a $56.00 price objective on the stock. Barclays boosted their target price on shares of E*TRADE Financial from $45.00 to $49.00 and gave the stock an “overweight” rating in a report on Tuesday, October 10th. Finally, Bank of America upgraded shares of E*TRADE Financial from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $44.00 to $49.00 in a report on Monday, October 9th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $48.00.
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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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