Dimensional Fund Advisors LP trimmed its position in shares of E*TRADE Financial Corp (NASDAQ:ETFC) by 6.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,760,943 shares of the financial services provider’s stock after selling 124,035 shares during the period. Dimensional Fund Advisors LP owned approximately 0.67% of E*TRADE Financial worth $107,705,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. lifted its position in shares of E*TRADE Financial by 2.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,546,675 shares of the financial services provider’s stock valued at $94,595,000 after acquiring an additional 35,983 shares during the period. Piedmont Investment Advisors LLC lifted its position in shares of E*TRADE Financial by 25.6% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 161,495 shares of the financial services provider’s stock valued at $9,877,000 after acquiring an additional 32,900 shares during the period. CIBC World Markets Inc. lifted its position in shares of E*TRADE Financial by 277.8% during the 2nd quarter. CIBC World Markets Inc. now owns 44,465 shares of the financial services provider’s stock valued at $2,719,000 after acquiring an additional 32,694 shares during the period. Parallel Advisors LLC lifted its position in shares of E*TRADE Financial by 362.5% during the 2nd quarter. Parallel Advisors LLC now owns 1,679 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,316 shares during the period. Finally, Chase Investment Counsel Corp lifted its position in shares of E*TRADE Financial by 6.2% during the 2nd quarter. Chase Investment Counsel Corp now owns 74,499 shares of the financial services provider’s stock valued at $4,556,000 after acquiring an additional 4,374 shares during the period. Institutional investors own 90.95% of the company’s stock.

Several research analysts recently issued reports on the company. Morgan Stanley cut their price objective on E*TRADE Financial from $78.00 to $74.00 and set an “overweight” rating for the company in a research report on Wednesday, July 25th. Zacks Investment Research raised shares of E*TRADE Financial from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Monday, July 16th. BidaskClub cut shares of E*TRADE Financial from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 26th. Wells Fargo & Co lifted their target price on shares of 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. Finally, UBS Group restated a “buy” rating and set a $73.00 target price (up previously from $67.00) on shares of E*TRADE Financial in a report on Thursday, May 31st. One equities 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 given a strong buy rating to the company’s stock. E*TRADE Financial currently has an average rating of “Buy” and an average price target of $67.25.

Shares of NASDAQ:ETFC traded up $0.20 during mid-day trading on Friday, hitting $53.71. The stock had a trading volume of 2,198,874 shares, compared to its average volume of 2,525,717. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market cap of $14.12 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 0.92 and a beta of 1.12. E*TRADE Financial Corp has a 12-month low of $40.55 and a 12-month high of $66.46.

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

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.

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

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