Will E*TRADE Financial’s Top Institutional Shareholders Be Worried About The Revenue Miss?

E*TRADE (NASDAQ:ETFC): Though earnings fell in-line with projections, E*TRADE’s revenue fell significantly flat at $420 million, $18.38 million below estimates. Earnings of $0.12 were consistant with projections. The results were enough to spur ISI Group to upgrade the company, from Neutral to Cautious, remarking that “overall, the results were encouraging and indicate good fundamental progress, though some headwinds remain that should make 2013 & 2014 Consensus still difficult to achieve.”

These institutional firms indicated owning shares of E*TRADE Financial Corporation in Q1 2013. They reported owning a total of 55.712 million shares on 03/31/2013. The shares closed at $10.71 on 03/31/2013.

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Here are the eight largest positions in E*TRADE Financial Corporation at the end of March 31st, 2013.

Vanguard Group Inc. held 18,610,364 shares on 03/31/2013 worth $199,316,999. This brought the portfolio total to 0.02%.

Bank of New York Mellon Corp. held 16,779,712 shares on 03/31/2013 worth $179,710,716. This brought the portfolio total to 0.06%.

Blackrock Institutional Trust Company N.A. held 7,669,372 shares on 03/31/2013 worth $82,138,974. This brought the portfolio total to 0.02%.

Blackrock Fund Advisors held 3,543,727 shares on 03/31/2013 worth $37,953,316. This brought the portfolio total to 0.01%.

Blackrock Inc. held 2,160,000 shares on 03/31/2013 worth $2,237,000. This brought the portfolio total to 0.0%.

Blackrock Group Ltd held 1,909,000 shares on 03/31/2013 worth $1,977,000. This brought the portfolio total to 0.0%.

Blackrock Advisors LLC held 1,054,400 shares on 03/31/2013 worth $11,292,624. This brought the portfolio total to 0.01%.

Parametric Portfolio Associates LLC held 567,780 shares on 03/31/2013 worth $6,080,924. This brought the portfolio total to 0.02%.

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