Twin Capital Management Inc. Has $1.12 Million Holdings in E*TRADE Financial Corp (ETFC)

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Twin Capital Management Inc. boosted its stake in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 16.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,260 shares of the financial services provider’s stock after buying an additional 2,611 shares during the period. Twin Capital Management Inc.’s holdings in E*TRADE Financial were worth $1,117,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ETFC. BlackRock Inc. lifted its holdings in shares of E*TRADE Financial by 16.7% during the 2nd quarter. BlackRock Inc. now owns 25,360,724 shares of the financial services provider’s stock valued at $1,551,060,000 after purchasing an additional 3,638,467 shares during the last quarter. FMR LLC lifted its holdings in shares of E*TRADE Financial by 10.5% during the 2nd quarter. FMR LLC now owns 15,313,266 shares of the financial services provider’s stock valued at $936,560,000 after purchasing an additional 1,452,296 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of E*TRADE Financial by 0.7% during the 2nd quarter. First Trust Advisors LP now owns 3,779,822 shares of the financial services provider’s stock valued at $231,174,000 after purchasing an additional 26,355 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of E*TRADE Financial by 1.0% during the 1st quarter. Thrivent Financial for Lutherans now owns 3,637,490 shares of the financial services provider’s stock valued at $201,554,000 after purchasing an additional 36,034 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of E*TRADE Financial by 18.6% during the 2nd quarter. Janus Henderson Group PLC now owns 2,932,616 shares of the financial services provider’s stock valued at $179,359,000 after purchasing an additional 460,318 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.

Several analysts have recently commented on the company. BidaskClub lowered E*TRADE Financial from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. Zacks Investment Research lowered E*TRADE Financial from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Wells Fargo & Co increased their price objective on E*TRADE Financial from $67.00 to $73.00 and gave the company an “outperform” rating in a report on Monday, May 21st. They noted that the move was a valuation call. ValuEngine lowered E*TRADE Financial from a “buy” rating to a “hold” rating in a report on Saturday, July 14th. Finally, Credit Suisse Group decreased their price objective on E*TRADE Financial from $79.00 to $77.00 and set an “outperform” rating for the company in a report on Friday, July 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $67.25.

Shares of ETFC opened at $54.99 on Friday. The stock has a market cap of $14.63 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 0.96 and a beta of 1.12. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.28 and a current ratio of 0.28. E*TRADE Financial Corp has a fifty-two week low of $39.37 and a fifty-two week high of $66.46.

E*TRADE Financial (NASDAQ:ETFC) last announced its quarterly earnings results on Thursday, July 19th. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.07. The company had revenue of $710.00 million for the quarter, compared to the consensus estimate of $707.78 million. E*TRADE Financial had a return on equity of 13.39% and a net margin of 29.13%. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period last year, the firm earned $0.52 EPS. analysts expect that E*TRADE Financial Corp will post 3.59 EPS for the current year.

E*TRADE Financial Profile

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.

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

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