DnB Asset Management AS Has $3.37 Million Position in E*TRADE Financial Corp (ETFC)

DnB Asset Management AS lifted its position in E*TRADE Financial Corp (NASDAQ:ETFC) by 246.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,000 shares of the financial services provider’s stock after purchasing an additional 48,400 shares during the quarter. DnB Asset Management AS’s holdings in E*TRADE Financial were worth $3,371,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of E*TRADE Financial by 0.5% in the second quarter. Vanguard Group Inc. now owns 29,167,934 shares of the financial services provider’s stock valued at $1,109,256,000 after purchasing an additional 157,269 shares during the period. FMR LLC grew its holdings in shares of E*TRADE Financial by 24.3% in the second quarter. FMR LLC now owns 10,737,023 shares of the financial services provider’s stock valued at $408,329,000 after purchasing an additional 2,096,445 shares during the period. Northern Trust Corp grew its holdings in shares of E*TRADE Financial by 29.1% in the second quarter. Northern Trust Corp now owns 4,599,263 shares of the financial services provider’s stock valued at $174,911,000 after purchasing an additional 1,035,976 shares during the period. Boston Partners grew its holdings in shares of E*TRADE Financial by 180.2% in the third quarter. Boston Partners now owns 3,031,853 shares of the financial services provider’s stock valued at $132,219,000 after purchasing an additional 1,949,872 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in shares of E*TRADE Financial by 70.6% in the third quarter. Janus Henderson Group PLC now owns 2,494,035 shares of the financial services provider’s stock valued at $108,765,000 after purchasing an additional 1,031,749 shares during the period. 94.14% of the stock is owned by hedge funds and other institutional investors.

E*TRADE Financial Corp (ETFC) opened at $53.94 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. E*TRADE Financial Corp has a 12 month low of $32.25 and a 12 month high of $54.00. The company has a market cap of $14,460.00, a P/E ratio of 25.32, a PEG ratio of 0.87 and a beta of 1.46.

E*TRADE Financial (NASDAQ:ETFC) last posted its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.04. E*TRADE Financial had a net margin of 27.35% and a return on equity of 9.34%. The business had revenue of $599.00 million during the quarter, compared to analyst estimates of $598.96 million. During the same quarter last year, the firm posted $0.51 earnings per share. The business’s revenue for the quarter was up 23.3% compared to the same quarter last year. sell-side analysts expect that E*TRADE Financial Corp will post 2.28 EPS for the current year.

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $58.00 target price on shares of E*TRADE Financial in a research note on Thursday. Jefferies Group reaffirmed a “hold” rating and set a $56.00 target price on shares of E*TRADE Financial in a research note on Monday, January 8th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $60.00 target price (up previously from $51.00) on shares of E*TRADE Financial in a research note on Thursday, January 4th. Morgan Stanley raised shares of E*TRADE Financial from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $44.00 to $43.00 in a research note on Wednesday, January 3rd. Finally, Zacks Investment Research raised shares of E*TRADE Financial from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Tuesday, December 19th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $50.40.

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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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