Mutual of America Capital Management LLC raised its holdings in E*TRADE Financial Corp (NASDAQ:ETFC) by 10.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,961 shares of the financial services provider’s stock after acquiring an additional 3,326 shares during the period. Mutual of America Capital Management LLC’s holdings in E*TRADE Financial were worth $1,733,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. LMR Partners LLP grew its position in E*TRADE Financial by 62.5% in the fourth quarter. LMR Partners LLP now owns 32,441 shares of the financial services provider’s stock valued at $1,608,000 after acquiring an additional 12,478 shares during the last quarter. Exane Derivatives grew its position in E*TRADE Financial by 115.0% in the fourth quarter. Exane Derivatives now owns 7,272 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 3,889 shares during the last quarter. BB&T Corp grew its holdings in shares of E*TRADE Financial by 20.8% during the fourth quarter. BB&T Corp now owns 11,340 shares of the financial services provider’s stock worth $562,000 after purchasing an additional 1,953 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of E*TRADE Financial by 35.0% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 13,996 shares of the financial services provider’s stock worth $694,000 after purchasing an additional 3,630 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of E*TRADE Financial by 44.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 402,748 shares of the financial services provider’s stock worth $19,966,000 after purchasing an additional 124,656 shares during the last quarter. Hedge funds and other institutional investors own 93.35% of the company’s stock.

In related news, CFO Michael A. Pizzi sold 69,829 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $51.58, for a total value of $3,601,779.82. Following the sale, the chief financial officer now directly owns 104,847 shares in the company, valued at $5,408,008.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph L. Sclafani sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $52.75, for a total value of $105,500.00. Following the completion of the sale, the director now owns 36,304 shares in the company, valued at $1,915,036. The disclosure for this sale can be found here. Insiders sold 224,899 shares of company stock worth $11,633,684 over the last quarter. 0.17% of the stock is currently owned by company insiders.

Several research firms have recently weighed in on ETFC. Zacks Investment Research cut E*TRADE Financial from a “buy” rating to a “hold” rating in a report on Monday, November 13th. SunTrust Banks restated a “buy” rating and set a $66.00 price target on shares of E*TRADE Financial in a report on Tuesday. Jefferies Group restated a “hold” rating and set a $56.00 price target on shares of E*TRADE Financial in a report on Monday, January 8th. UBS Group boosted their price target on E*TRADE Financial from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, BidaskClub cut E*TRADE Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 30th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. E*TRADE Financial currently has an average 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. E*TRADE Financial Corp has a twelve month low of $32.25 and a twelve month high of $56.00. The company has a market capitalization of $13,394.76, a P/E ratio of 22.92, a P/E/G ratio of 0.71 and a beta of 1.34. 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 announced its earnings results on Thursday, January 25th. The financial services provider reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $637.00 million during the quarter, compared to the consensus estimate of $629.03 million. During the same quarter in the previous year, the company earned $0.46 earnings per share. The business’s revenue was up 25.1% on a year-over-year basis. equities analysts predict that E*TRADE Financial Corp will post 3.24 EPS for the current fiscal year.

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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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