E*TRADE Financial Corp (NASDAQ:ETFC) Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB increased its holdings in E*TRADE Financial Corp (NASDAQ:ETFC) by 1.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 191,055 shares of the financial services provider’s stock after acquiring an additional 3,022 shares during the quarter. Nordea Investment Management AB owned approximately 0.08% of E*TRADE Financial worth $8,872,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of E*TRADE Financial during the fourth quarter valued at about $103,578,000. Oregon Public Employees Retirement Fund increased its holdings in shares of E*TRADE Financial by 1,689.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,499,423 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 1,415,639 shares in the last quarter. Brandywine Global Investment Management LLC increased its holdings in shares of E*TRADE Financial by 344.8% during the fourth quarter. Brandywine Global Investment Management LLC now owns 1,048,004 shares of the financial services provider’s stock valued at $45,987,000 after acquiring an additional 812,405 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of E*TRADE Financial by 95.7% during the first quarter. Thompson Siegel & Walmsley LLC now owns 1,458,267 shares of the financial services provider’s stock valued at $67,708,000 after acquiring an additional 713,076 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in shares of E*TRADE Financial by 221,128.4% during the first quarter. Clearbridge Investments LLC now owns 707,931 shares of the financial services provider’s stock valued at $32,869,000 after acquiring an additional 707,611 shares in the last quarter. 91.43% of the stock is owned by institutional investors.

ETFC stock traded up $0.49 during midday trading on Friday, reaching $45.75. The stock had a trading volume of 2,402,631 shares, compared to its average volume of 2,298,241. The firm has a fifty day moving average price of $45.68. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.28. The stock has a market cap of $11.19 billion, a P/E ratio of 11.76, a price-to-earnings-growth ratio of 0.97 and a beta of 1.15. E*TRADE Financial Corp has a 52-week low of $40.41 and a 52-week high of $63.39.

E*TRADE Financial (NASDAQ:ETFC) last posted its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.93 by $0.16. E*TRADE Financial had a return on equity of 18.06% and a net margin of 37.50%. The business had revenue of $755.00 million for the quarter, compared to analyst estimates of $738.04 million. During the same quarter in the previous year, the firm earned $0.88 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts predict that E*TRADE Financial Corp will post 4.3 EPS for the current fiscal year.

In other news, Director Rodger A. Lawson sold 41,322 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $48.13, for a total transaction of $1,988,827.86. Following the completion of the transaction, the director now directly owns 114,753 shares of the company’s stock, valued at $5,523,061.89. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.

ETFC has been the topic of several research reports. Compass Point set a $52.00 price target on shares of E*TRADE Financial and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Morgan Stanley increased their price target on shares of Visa from $175.00 to $191.00 and gave the stock an “overweight” rating in a report on Thursday. Zacks Investment Research downgraded shares of Hammerson from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Finally, BidaskClub cut shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company’s stock. E*TRADE Financial currently has an average rating of “Buy” and an average target price of $57.42.

E*TRADE Financial Company Profile

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services for traders, investors, stock plan administrators and participants, and registered investment advisors (RIAs). It also offers investor-focused banking products, primarily sweep deposits to customers; clearing and settlement services; Federal Deposit Insurance Corporation insurance services; custody solutions to RIAs; other banking and cash management services; software and services for managing equity compensation plans to its corporate clients; retail futures transaction services; and investment advisory services.

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

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