Will E*TRADE’s Top Institutional Shareholders Buy More After Research Reports?

For the year-to-date, E*TRADE Financial Corporation (NASDAQ:ETFC)’s shares are up 19.6 percent. Recently, the company’s  stock had its rating of “market perform” reiterated by JMP Securities analysts in an investor research note.

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This came after August research reports with Nomura analysts reiterating a “buy” rating while BGB Securities analysts repeated a “hold” rating on August 9 with a $7.00 price target on the stock.

The stock is currently trading at $9.52.

With the status quo stock ratings, will E*TRADE Financial’s largest shareholders increase their holdings? 337 institutional firms indicated owning shares of E*TRADE Financial Corporation (NASDAQ:ETFC) in Q2 2012. These firms reported owning a total of 308.111 million shares on 06/30/2012. The shares closed at $8.04 on 06/30/2012.

Here are the ten largest positions in E*TRADE Financial Corporation at the end of June 30th, 2012.

Citadel Advisors LLC held 27,425,961 shares on 06/30/2012 worth $220,504,725. This brought the portfolio total to 0.81%.

Luxor Capital Group LP held 26,854,000 shares on 06/30/2012 worth $21,248,000. This brought the portfolio total to 1.0%.

Price T Rowe Associates Inc /MD/ held 21,836,165 shares on 06/30/2012 worth $175,562,766. This brought the portfolio total to 0.05%.

Vanguard Group Inc held 16,618,529 shares on 06/30/2012 worth $133,612,973. This brought the portfolio total to 0.02%.

FMR LLC held 14,216,160 shares on 06/30/2012 worth $114,297,926. This brought the portfolio total to 0.02%.

State Street Corp held 12,005,580 shares on 06/30/2012 worth $96,524,863. This brought the portfolio total to 0.02%.

Senator Investment Group LP held 8,277,973 shares on 06/30/2012 worth $66,554,903. This brought the portfolio total to 3.2%.

Cooperman Leon G held 7,298,079 shares on 06/30/2012 worth $58,676,555. This brought the portfolio total to 1.32%.

Blackrock Institutional Trust Company N.A. held 7,140,871 shares on 06/30/2012 worth $57,412,603. This brought the portfolio total to 0.02%.

Glenview Capital Management LLC held 6,919,065 shares on 06/30/2012 worth $55,629,282. This brought the portfolio total to 1.07%.

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