Krilogy Financial LLC Buys 260 Shares of E*TRADE Financial Corporation (ETFC)

Krilogy Financial LLC lifted its stake in shares of E*TRADE Financial Corporation (NASDAQ:ETFC) by 7.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,710 shares of the financial services provider’s stock after purchasing an additional 260 shares during the period. Krilogy Financial LLC’s holdings in E*TRADE Financial Corporation were worth $141,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Aviva PLC boosted its holdings in shares of E*TRADE Financial Corporation by 6.1% during the 2nd quarter. Aviva PLC now owns 179,995 shares of the financial services provider’s stock worth $6,849,000 after purchasing an additional 10,334 shares during the last quarter. Bank of Nova Scotia boosted its holdings in shares of E*TRADE Financial Corporation by 71.8% during the 1st quarter. Bank of Nova Scotia now owns 614,202 shares of the financial services provider’s stock worth $21,430,000 after purchasing an additional 256,788 shares during the last quarter. Artemis Investment Management LLP acquired a new position in shares of E*TRADE Financial Corporation during the 2nd quarter worth approximately $3,424,000. Burney Co. boosted its holdings in shares of E*TRADE Financial Corporation by 3.7% during the 2nd quarter. Burney Co. now owns 71,205 shares of the financial services provider’s stock worth $2,683,000 after purchasing an additional 2,563 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of E*TRADE Financial Corporation by 19.6% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 68,032 shares of the financial services provider’s stock worth $2,587,000 after purchasing an additional 11,170 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

In related news, insider Brent Simonich sold 5,696 shares of E*TRADE Financial Corporation stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $41.50, for a total transaction of $236,384.00. Following the transaction, the insider now owns 31,557 shares in the company, valued at approximately $1,309,615.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James P. Healy bought 5,000 shares of E*TRADE Financial Corporation stock in a transaction that occurred on Tuesday, July 25th. The shares were acquired at an average price of $41.97 per share, for a total transaction of $209,850.00. Following the acquisition, the director now directly owns 40,792 shares in the company, valued at approximately $1,712,040.24. The disclosure for this purchase can be found here. Insiders have sold a total of 72,623 shares of company stock worth $2,915,711 in the last 90 days. Company insiders own 0.17% of the company’s stock.

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E*TRADE Financial Corporation (NASDAQ:ETFC) traded down 0.3695% on Friday, reaching $43.8175. The company’s stock had a trading volume of 506,624 shares. The stock has a market capitalization of $12.07 billion, a P/E ratio of 20.4755 and a beta of 1.47. The firm has a 50 day moving average price of $41.98 and a 200 day moving average price of $38.26. E*TRADE Financial Corporation has a 52 week low of $27.34 and a 52 week high of $45.70.

E*TRADE Financial Corporation (NASDAQ:ETFC) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The business had revenue of $577.00 million for the quarter, compared to analyst estimates of $553.31 million. E*TRADE Financial Corporation had a net margin of 28.42% and a return on equity of 9.06%. The business’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 EPS. On average, equities analysts anticipate that E*TRADE Financial Corporation will post $2.24 EPS for the current year.

E*TRADE Financial Corporation declared that its board has authorized a stock buyback plan on Thursday, July 20th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 9.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

ETFC has been the topic of several recent research reports. Barclays PLC initiated coverage on E*TRADE Financial Corporation in a report on Friday, September 8th. They set an “overweight” rating and a $45.00 target price on the stock. Deutsche Bank AG boosted their target price on E*TRADE Financial Corporation from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Morgan Stanley restated an “equal weight” rating and set a $40.00 target price (up from $38.00) on shares of E*TRADE Financial Corporation in a report on Monday, July 10th. SunTrust Banks, Inc. boosted their target price on E*TRADE Financial Corporation from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, June 16th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $44.00 target price on shares of E*TRADE Financial Corporation in a report on Friday, July 21st. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $44.25.

E*TRADE Financial Corporation Company Profile

E*Trade Financial Corporation is a financial services company. The Company provides online brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial. The Company also provides investor-focused banking products, primarily sweep deposits, to retail investors.

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

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