9,141 Shares in E*TRADE Financial Corp (ETFC) Purchased by HRT Financial LLC

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HRT Financial LLC purchased a new position in E*TRADE Financial Corp (NASDAQ:ETFC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,141 shares of the financial services provider’s stock, valued at approximately $478,000.

A number of other large investors have also modified their holdings of the business. BlackRock Inc. boosted its stake in E*TRADE Financial by 16.7% in the 2nd quarter. BlackRock Inc. now owns 25,360,724 shares of the financial services provider’s stock worth $1,551,060,000 after buying an additional 3,638,467 shares during the last quarter. FMR LLC boosted its stake in E*TRADE Financial by 10.5% in the 2nd quarter. FMR LLC now owns 15,313,266 shares of the financial services provider’s stock worth $936,560,000 after buying an additional 1,452,296 shares during the last quarter. Primecap Management Co. CA boosted its stake in E*TRADE Financial by 1.9% in the 3rd quarter. Primecap Management Co. CA now owns 13,115,825 shares of the financial services provider’s stock worth $687,138,000 after buying an additional 238,300 shares during the last quarter. First Trust Advisors LP boosted its stake in E*TRADE Financial by 23.3% in the 3rd quarter. First Trust Advisors LP now owns 4,659,032 shares of the financial services provider’s stock worth $244,087,000 after buying an additional 879,210 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in E*TRADE Financial by 18.6% in the 2nd quarter. Janus Henderson Group PLC now owns 2,932,616 shares of the financial services provider’s stock worth $179,359,000 after buying an additional 460,318 shares during the last quarter. 93.97% of the stock is currently owned by hedge funds and other institutional investors.

ETFC has been the topic of a number of research analyst reports. BidaskClub raised E*TRADE Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 3rd. Raymond James lowered E*TRADE Financial from a “strong-buy” rating to an “outperform” rating and set a $64.00 price target on the stock. in a research note on Tuesday, October 30th. Credit Suisse Group reissued an “outperform” rating on shares of E*TRADE Financial in a research note on Thursday, November 15th. Jefferies Financial Group raised E*TRADE Financial from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Wednesday, September 19th. They noted that the move was a valuation call. Finally, Deutsche Bank decreased their price target on E*TRADE Financial from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, August 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seventeen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $64.12.

NASDAQ ETFC opened at $43.51 on Wednesday. The stock has a market capitalization of $10.99 billion, a PE ratio of 19.87, a PEG ratio of 0.67 and a beta of 1.09. E*TRADE Financial Corp has a 1-year low of $43.08 and a 1-year high of $66.46. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32.

E*TRADE Financial (NASDAQ:ETFC) last released its quarterly earnings data on Thursday, October 18th. The financial services provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.17. The business had revenue of $720.00 million for the quarter, compared to analyst estimates of $710.62 million. E*TRADE Financial had a return on equity of 15.45% and a net margin of 32.83%. The company’s revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS. Sell-side analysts expect that E*TRADE Financial Corp will post 3.85 EPS for the current fiscal year.

E*TRADE Financial declared that its board has approved a stock repurchase program on Thursday, October 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 7.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

In related news, insider Rodger A. Lawson purchased 10,000 shares of E*TRADE Financial stock in a transaction that occurred on Monday, November 5th. The shares were purchased at an average cost of $51.27 per share, with a total value of $512,700.00. Following the transaction, the insider now owns 109,191 shares of the company’s stock, valued at approximately $5,598,222.57. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brent Simonich purchased 1,943 shares of E*TRADE Financial stock in a transaction that occurred on Friday, November 2nd. The shares were bought at an average cost of $51.50 per share, for a total transaction of $100,064.50. Following the completion of the transaction, the insider now directly owns 26,330 shares in the company, valued at approximately $1,355,995. The disclosure for this purchase can be found here. Insiders bought a total of 37,668 shares of company stock worth $1,912,154 over the last ninety days. Corporate insiders own 0.12% of the company’s stock.

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E*TRADE Financial Company Profile

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand. It also offers investor-focused banking products, primarily sweep deposits to retail investors; Federal Deposit Insurance Corporation insurance services; clearing and settlement services; investment advisory services; and financial corporate services, such as software and services for managing equity compensation plans to its corporate clients.

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

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