Commerce Bank acquired a new stake in E*TRADE Financial Corporation (NASDAQ:ETFC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,286 shares of the financial services provider’s stock, valued at approximately $710,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in E*TRADE Financial Corporation by 0.5% in the second quarter. Vanguard Group Inc. now owns 29,167,934 shares of the financial services provider’s stock worth $1,109,256,000 after acquiring an additional 157,269 shares during the last quarter. FMR LLC lifted its stake in E*TRADE Financial Corporation by 24.3% in the second quarter. FMR LLC now owns 10,737,023 shares of the financial services provider’s stock worth $408,329,000 after acquiring an additional 2,096,445 shares during the last quarter. Victory Capital Management Inc. lifted its stake in E*TRADE Financial Corporation by 25.3% in the second quarter. Victory Capital Management Inc. now owns 7,845,331 shares of the financial services provider’s stock worth $298,357,000 after acquiring an additional 1,586,062 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in E*TRADE Financial Corporation by 3.4% in the second quarter. TIAA CREF Investment Management LLC now owns 5,053,621 shares of the financial services provider’s stock worth $192,189,000 after acquiring an additional 166,595 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in E*TRADE Financial Corporation by 29.1% in the second quarter. Northern Trust Corp now owns 4,599,263 shares of the financial services provider’s stock worth $174,911,000 after acquiring an additional 1,035,976 shares during the last quarter. 92.96% of the stock is owned by institutional investors and hedge funds.

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A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of E*TRADE Financial Corporation from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Barclays PLC raised their price objective on shares of E*TRADE Financial Corporation from $45.00 to $49.00 and gave the stock an “overweight” rating in a report on Tuesday, October 10th. BidaskClub cut shares of E*TRADE Financial Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Morgan Stanley reissued an “equal weight” rating and set a $43.00 price objective (up previously from $40.00) on shares of E*TRADE Financial Corporation in a report on Tuesday, July 25th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $50.00 price objective on shares of E*TRADE Financial Corporation in a report on Monday, September 18th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $46.79.

Shares of E*TRADE Financial Corporation (ETFC) traded up $0.27 on Tuesday, reaching $44.45. 1,292,800 shares of the company’s stock traded hands, compared to its average volume of 2,705,564. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.26. The firm has a market cap of $12,020.00, a PE ratio of 22.31, a P/E/G ratio of 1.56 and a beta of 1.44. E*TRADE Financial Corporation has a 12 month low of $32.25 and a 12 month high of $45.70.

E*TRADE Financial Corporation (NASDAQ:ETFC) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. The company had revenue of $599.00 million for the quarter, compared to analysts’ expectations of $598.96 million. E*TRADE Financial Corporation had a net margin of 27.35% and a return on equity of 9.34%. E*TRADE Financial Corporation’s revenue was up 23.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. sell-side analysts anticipate that E*TRADE Financial Corporation will post 2.26 EPS for the current fiscal year.

In other E*TRADE Financial Corporation news, CEO Karl A. Roessner sold 8,578 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $40.49, for a total transaction of $347,323.22. Following the sale, the chief executive officer now directly owns 225,731 shares in the company, valued at approximately $9,139,848.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael John Curcio sold 33,474 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $40.38, for a total transaction of $1,351,680.12. Following the sale, the insider now owns 267,151 shares in the company, valued at $10,787,557.38. The disclosure for this sale can be found here. 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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