Norinchukin Bank The lifted its position in E*TRADE Financial Corporation (NASDAQ:ETFC) by 11.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,733 shares of the financial services provider’s stock after acquiring an additional 6,101 shares during the quarter. Norinchukin Bank The’s holdings in E*TRADE Financial Corporation were worth $2,310,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Independent Portfolio Consultants Inc. lifted its holdings in E*TRADE Financial Corporation by 0.4% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 6,021 shares of the financial services provider’s stock valued at $229,000 after buying an additional 26 shares in the last quarter. Cleararc Capital Inc. lifted its holdings in E*TRADE Financial Corporation by 0.4% during the 1st quarter. Cleararc Capital Inc. now owns 6,698 shares of the financial services provider’s stock valued at $234,000 after buying an additional 29 shares in the last quarter. ING Groep NV lifted its holdings in E*TRADE Financial Corporation by 0.4% during the 2nd quarter. ING Groep NV now owns 14,056 shares of the financial services provider’s stock valued at $535,000 after buying an additional 51 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in E*TRADE Financial Corporation by 0.3% during the 2nd quarter. Wedge Capital Management L L P NC now owns 23,923 shares of the financial services provider’s stock valued at $910,000 after buying an additional 62 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in E*TRADE Financial Corporation by 0.3% during the 1st quarter. Mackenzie Financial Corp now owns 33,335 shares of the financial services provider’s stock valued at $1,163,000 after buying an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

E*TRADE Financial Corporation (NASDAQ:ETFC) traded up 1.08% during midday trading on Friday, hitting $41.16. 635,128 shares of the stock were exchanged. The firm has a 50-day moving average price of $40.60 and a 200-day moving average price of $37.11. The stock has a market cap of $11.34 billion, a P/E ratio of 19.23 and a beta of 1.46. E*TRADE Financial Corporation has a one year low of $27.34 and a one year high of $42.19.

E*TRADE Financial Corporation (NASDAQ:ETFC) last released its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The business had revenue of $577.00 million during the quarter, compared to the consensus estimate of $553.31 million. E*TRADE Financial Corporation had a return on equity of 9.06% and a net margin of 28.42%. The business’s revenue was up 21.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 EPS. On average, equities research analysts anticipate that E*TRADE Financial Corporation will post $2.26 EPS for the current fiscal year.

E*TRADE Financial Corporation declared that its Board of Directors has authorized a stock repurchase plan on Thursday, July 20th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to buy up to 9.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

A number of equities research analysts recently weighed in on the stock. Jefferies Group LLC reiterated a “hold” rating on shares of E*TRADE Financial Corporation in a report on Monday, July 10th. UBS AG reiterated a “buy” rating and set a $43.00 price objective on shares of E*TRADE Financial Corporation in a report on Thursday, May 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $43.00 price objective on shares of E*TRADE Financial Corporation in a report on Friday, July 14th. Rosenblatt Securities assumed coverage on shares of E*TRADE Financial Corporation in a report on Thursday, July 13th. They set a “buy” rating and a $43.00 price objective for the company. Finally, BidaskClub lowered shares of E*TRADE Financial Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $41.61.

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In related news, insider Brent Simonich sold 5,696 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $41.50, for a total value of $236,384.00. Following the completion of the transaction, the insider now owns 31,557 shares of the company’s stock, valued at approximately $1,309,615.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael John Curcio sold 33,474 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $40.38, for a total transaction of $1,351,680.12. Following the completion of the transaction, the insider now directly owns 267,151 shares of the company’s stock, valued at approximately $10,787,557.38. The disclosure for this sale can be found here. Insiders have sold a total of 72,623 shares of company stock valued at $2,915,711 in the last ninety days. Corporate insiders own 0.17% of the company’s stock.

About E*TRADE Financial Corporation

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.

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

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