Gateway Investment Advisers LLC trimmed its holdings in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 14.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). Quadrant Capital Group LLC now owns 3,436 shares of the financial services provider's stock valued at $121,000 after buying an additional 614 shares during the last quarter. Krilogy Financial LLC boosted its stake in shares of E*TRADE Financial by 7.5% during the 2nd quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Boston Partners boosted its position in E*TRADE Financial by 180.2% in the 3rd quarter. The brokerage now has $43.00 price target on the financial services provider's stock, down from their previous price target of $44.00. Krilogy Financial LLC now owns 3,710 shares of the financial services provider's stock valued at $141,000 after purchasing an additional 260 shares in the last quarter. Wells Fargo & Company MN boosted its position in E*TRADE Financial by 8.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,239 shares of the financial services provider's stock valued at $123,000 after buying an additional 1,448 shares during the last quarter.
Victory Capital Management Inc decreased its stake in E Trade Financial Corp (ETFC) by 6.42% based on its latest 2017Q3 regulatory filing with the SEC. Finally, Suntrust Banks Inc. purchased a new position in E*TRADE Financial in the 2nd quarter worth approximately $213,000. The Hugh Johnson Advisors Llc holds 12,288 shares with $726,000 value, up from 5,562 last quarter.
A number of brokerages have commented on ETFC. Deutsche Bank maintained E*TRADE Financial Corporation (NASDAQ:ETFC) on Friday, July 21 with "Buy" rating. SunTrust Banks boosted their price objective on shares of E*TRADE Financial to $65.00 and gave the stock a buy rating in a report on Friday. Credit Suisse Group restated an "outperform" rating and set a $67.00 target price (up previously from $56.00) on shares of E*TRADE Financial in a research report on Tuesday, January 16th.
Morgan Stanley upgraded shares of E*TRADE Financial (NASDAQ:ETFC) from an equal weight rating to an overweight rating in a report released on Wednesday, January 3rd, MarketBeat Ratings reports. Zacks Investment Research cut E*TRADE Financial from a "buy" rating to a "hold" rating in a report on Monday, November 13th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of "Buy" and a consensus price target of $53.27.
E*TRADE Financial (ETFC) opened at $53.49 on Friday. E*TRADE Financial has a 1-year low of $32.25 and a 1-year high of $56.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market capitalization of $14,527.98, a P/E ratio of 24.88, a price-to-earnings-growth ratio of 0.87 and a beta of 1.46. Argent Mgmt Limited Liability Com has invested 1.69% in E*TRADE Financial Corporation (NASDAQ:ETFC). The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.61 by ($0.13). E*TRADE Financial had a return on equity of 10.09% and a net margin of 25.95%. Revenue grew 25.1% year over year to $637 million, topping the $629 million analyst consensus. During the same period in the previous year, the company earned $0.46 EPS. During the same period in the prior year, the business posted $0.46 earnings per share. research analysts anticipate that E*TRADE Financial will post 3.11 earnings per share for the current year.
TRADEMARK VIOLATION WARNING: "E*TRADE Financial Corp (ETFC) Stake Decreased by KAMES CAPITAL plc" was originally posted by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this piece on another website, it was stolen and reposted in violation of United States & worldwide trademark and copyright law. Highbridge Cap Management Limited Liability Corp stated it has 0.02% of its portfolio in E*TRADE Financial Corporation (NASDAQ:ETFC). The institutional investor held 81,672 shares of the plastic products company at the end of 2017Q3, valued at $4.63M, up from 75,741 at the end of the previous reported quarter. The Company provides online brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial.