Atlas Capital Advisors LLC raised its stake in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 512.8% in the third quarter, Holdings Channel reports. The institutional investor owned 9,406 shares of the financial services provider’s stock after buying an additional 7,871 shares during the quarter. Atlas Capital Advisors LLC’s holdings in E*TRADE Financial were worth $493,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of E*TRADE Financial by 16.7% in the second quarter. BlackRock Inc. now owns 25,360,724 shares of the financial services provider’s stock worth $1,551,060,000 after purchasing an additional 3,638,467 shares during the last quarter. FMR LLC raised its stake in shares of E*TRADE Financial by 10.5% in the second quarter. FMR LLC now owns 15,313,266 shares of the financial services provider’s stock worth $936,560,000 after purchasing an additional 1,452,296 shares during the last quarter. First Trust Advisors LP raised its stake in shares of E*TRADE Financial by 23.3% in the third quarter. First Trust Advisors LP now owns 4,659,032 shares of the financial services provider’s stock worth $244,087,000 after purchasing an additional 879,210 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of E*TRADE Financial by 18.6% in the second quarter. Janus Henderson Group PLC now owns 2,932,616 shares of the financial services provider’s stock worth $179,359,000 after purchasing an additional 460,318 shares during the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of E*TRADE Financial by 2,043.1% in the second quarter. Voya Investment Management LLC now owns 2,921,063 shares of the financial services provider’s stock worth $178,653,000 after purchasing an additional 2,784,761 shares during the last quarter. Institutional investors and hedge funds own 94.66% of the company’s stock.

In related news, insider Rodger A. Lawson purchased 10,000 shares of the business’s stock in a transaction on Monday, November 5th. The stock was acquired at an average price of $51.27 per share, with a total value of $512,700.00. Following the completion of the acquisition, the insider now owns 109,191 shares of the company’s stock, valued at approximately $5,598,222.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brent Simonich purchased 1,943 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were bought at an average cost of $51.50 per share, with a total value of $100,064.50. Following the acquisition, the insider now directly owns 26,330 shares of the company’s stock, valued at approximately $1,355,995. The disclosure for this purchase can be found here. Insiders purchased 32,668 shares of company stock valued at $1,685,354 in the last ninety days. 0.12% of the stock is currently owned by corporate insiders.

Shares of ETFC opened at $50.77 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28. E*TRADE Financial Corp has a one year low of $44.63 and a one year high of $66.46. The firm has a market capitalization of $13.05 billion, a P/E ratio of 23.18, a PEG ratio of 0.79 and a beta of 1.09.

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

E*TRADE Financial announced that its board has initiated a stock buyback plan on Thursday, October 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to buy up to 7.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Tuesday, October 30th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Monday, October 29th. E*TRADE Financial’s payout ratio is currently 25.57%.

Several research analysts have recently weighed in on ETFC shares. Jefferies Financial Group upgraded E*TRADE Financial from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Wednesday, September 19th. They noted that the move was a valuation call. Zacks Investment Research upgraded E*TRADE Financial from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research note on Tuesday, September 25th. Wolfe Research started coverage on E*TRADE Financial in a research note on Tuesday, September 25th. They issued a “market perform” rating for the company. Raymond James cut E*TRADE Financial from a “strong-buy” rating to an “outperform” rating and set a $64.00 price target for the company. in a research note on Tuesday, October 30th. Finally, BidaskClub cut E*TRADE Financial from a “sell” rating to a “strong sell” rating in a research note on Friday, September 14th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $64.13.

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About E*TRADE Financial

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.

Read More: Fundamental Analysis – How It Helps Investors

Want to see what other hedge funds are holding ETFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for E*TRADE Financial Corp (NASDAQ:ETFC).

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

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