- Amended Statement of Ownership (SC 13G/A)
February 14 2012 - 3:11PM
Edgar (US Regulatory)
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CUSIP No.
269246401
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13G
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Page 2 of 9
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SECURITIES AND EXCHANGE COMMISSION
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Washington, DC 20549
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SCHEDULE 13G
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(Rule 13d-102)
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Information
to be Included in Statements Filed Pursuant to §240.13d-1(b), (c) and (d)
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and Amendments Thereto Filed Pursuant to §240.13d-2
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Under
the Securities Exchange Act of 1934
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(Amendment No. 2)*
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E*Trade Financial Corporation
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(Name of Issuer)
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Common Stock
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(Title of Class of Securities)
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269246401
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(CUSIP Number)
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December 31, 2011
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(Date of Event Which Requires Filing of this Statement)
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Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
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(x) Rule 13d-1(b)
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( ) Rule 13d-1(c)
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( ) Rule 13d-1(d)
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*The remainder
of this cover page shall be filled out for a reporting persons initial filing
on this form with respect to the subject class of securities, and for any
subsequent amendment containing information which would alter the disclosures
provided in a prior cover page.
The
information required in the remainder of this cover page shall not be deemed to
be filed for the purpose of Section 18 of the Securities Exchange Act of 1934
(Act) or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).
(Continued on following page(s))
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CUSIP No.
269246401
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13G
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Page 3 of 9
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1.
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NAME OF REPORTING PERSONS
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TIAA-CREF Investment
Management, LLC
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2.
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CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP
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(a) ( )
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(b) ( )
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3.
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SEC USE ONLY
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4.
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CITIZENSHIP OR PLACE OF
ORGANIZATION
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Delaware
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NUMBER OF SHARES
BENEFICIALLY OWNED
BY EACH REPORTING PERSON WITH:
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5.
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SOLE VOTING POWER
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2,986,029
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6.
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SHARED VOTING POWER
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0
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7.
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SOLE DISPOSITIVE POWER
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2,986,029
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8.
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SHARED DISPOSITIVE POWER
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0
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9.
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AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON
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2,986,029
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10.
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CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES ( )
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11.
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PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW 9
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1.05%
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12.
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TYPE OF REPORTING PERSON
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IA
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CUSIP No.
269246401
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13G
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Page 4 of 9
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1.
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NAME OF REPORTING PERSONS
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Teachers Advisors, Inc.
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2.
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CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP
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(a) ( )
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(b) ( )
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3.
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SEC USE ONLY
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4.
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CITIZENSHIP OR PLACE OF
ORGANIZATION
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Delaware
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NUMBER OF SHARES
BENEFICIALLY OWNED
BY EACH REPORTING PERSON WITH:
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5.
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SOLE VOTING POWER
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962,643
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6.
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SHARED VOTING POWER
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0
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7.
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SOLE DISPOSITIVE POWER
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962,643
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8.
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SHARED DISPOSITIVE POWER
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0
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9.
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AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON
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962,643
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10.
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CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES ( )
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11.
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PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW 9
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.34%
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12.
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TYPE OF REPORTING PERSON
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IA
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CUSIP No. 269246401
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13G
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Page 5 of 9
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Item 1(a).
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NAME OF ISSUER:
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E*Trade Financial Corporation
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Item 1(b).
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ADDRESS OF ISSUERS PRINCIPAL EXECUTIVE
OFFICES:
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1271 Avenue of the Americas, 14
th
Floor
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New York, NY 10020
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Items 2(a)-2(c).
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NAME, ADDRESS OF PRINCIPAL BUSINESS OFFICE,
AND CITIZENSHIP OF PERSONS FILING:
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TIAA-CREF
Investment Management, LLC (Investment Management)
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730 Third Avenue
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New York, NY 10017-3206
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Citizenship:
Delaware
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Teachers
Advisors, Inc. (Advisors)
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730 Third
Avenue
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New York, NY
10017-3206
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Citizenship:
Delaware
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Item 2(d).
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TITLE OF CLASS OF SECURITIES:
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Common Stock
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Item 2(e).
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CUSIP NUMBER:
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269246401
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Item 3.
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IF THIS STATEMENT IS FILED PURSUANT
TO §240.13d-1(b), OR §240.13d-2(b) or (c), CHECK WHETHER THE PERSON FILING IS
A:
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Investment Management
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(a)
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( )
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Broker or
dealer registered under Section 15 of the Exchange Act.
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(b)
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( )
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Bank as
defined in Section 3(a)(6) of the Exchange Act.
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(c)
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( )
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Insurance
Company as defined in Section 3(a)(19) of the Exchange Act.
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(d)
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( )
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Investment
Company registered under Section 8 of the Investment Company Act of 1940.
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(e)
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(x)
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An
investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).
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(f)
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( )
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An employee
benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).
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(g)
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( )
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A parent
holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G).
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(h)
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( )
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A savings
association as defined in Section 3(b) of the Federal Deposit Insurance Act.
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(i)
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( )
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A church
plan that is excluded from the definition of an investment company under
Section 3(c)(14) of the Investment Company Act of 1940.
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CUSIP No. 269246401
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13G
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Page 6 of 9
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(j)
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( )
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Group, in
accordance with Rule 13d-1(b)(1)(ii)(J).
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Advisors
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(a)
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( )
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Broker or
dealer registered under Section 15 of the Exchange Act.
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(b)
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( )
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Bank as
defined in Section 3(a)(6) of the Exchange Act.
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(c)
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( )
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Insurance
Company as defined in Section 3(a)(19) of the Exchange Act.
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(d)
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( )
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Investment
Company registered under Section 8 of the Investment Company Act of 1940.
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(e)
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(x)
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An
investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).
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(f)
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( )
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An employee
benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).
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(g)
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( )
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A parent
holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G).
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(h)
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( )
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A savings
association as defined in Section 3(b) of the Federal Deposit Insurance Act.
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(i)
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( )
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A church
plan that is excluded from the definition of an investment company under
Section 3(c)(14) of the Investment Company Act of 1940.
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(j)
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( )
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Group, in
accordance with Rule 13d-1(b)(1)(ii)(J).
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If this
statement is filed pursuant to Rule 13d-1(c), check this box. ( )
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Item 4.
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OWNERSHIP
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Provide the following information regarding the aggregate number
and percentage of the class of securities of the issuer identified in Item
1:
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(a)
Aggregate amount beneficially owned:
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3,948,672
(See Exhibit A attached)
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(b) Percent
of class:
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1.38%
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(c) Number of shares as to which the person has:
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Investment Management
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Advisors
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Sole Voting
Power:
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2,986,029
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962,643
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Shared
Voting Power:
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0
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0
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Sole
Dispositive Power:
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2,986,029
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962,643
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Shared
Dispositive Power:
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0
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0
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CUSIP No. 269246401
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13G
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Page 7 of 9
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Item 5.
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OWNERSHIP OF FIVE PERCENT
OR LESS OF A CLASS.
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If this statement is being
filed to report the fact that as of the date hereof the reporting person has
ceased to be the beneficial owner of more than 5 percent of the class of
securities, check the following (X ).
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Item 6.
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OWNERSHIP OF MORE
THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
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See Exhibit A attached
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Item 7.
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IDENTIFICATION AND
CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED
ON BY THE PARENT HOLDING COMPANY.
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Not Applicable
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Item 8.
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IDENTIFICATION AND
CLASSIFICATION OF MEMBERS OF THE GROUP.
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Not Applicable
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Item 9.
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NOTICE OF
DISSOLUTION OF GROUP.
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Not Applicable
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CUSIP No. 269246401
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13G
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Page 8 of 9
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Item 10.
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CERTIFICATIONS.
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By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect,
other than activities solely in connection with nomination under §240.14a-11.
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SIGNATURE.
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After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete
and correct.
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Date: February 14, 2012
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TIAA-CREF
INVESTMENT
MANAGEMENT, LLC
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By:
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/s/ Richard
S. Biegen
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Richard
Biegen, Chief Compliance Officer
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TEACHERS
ADVISORS, INC.
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By:
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/s/ Richard S.
Biegen
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Richard
Biegen, Managing Director,
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Senior
Compliance Officer
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CUSIP No. 269246401
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13G
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Page 9 of 9
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EXHIBIT
A
TIAA-CREF
Investment Management, LLC (Investment Management) is the investment
adviser to the College Retirement Equities Fund (CREF), a registered
investment company, and may be deemed to be a beneficial owner of 2,986,029
shares of Issuers common stock owned by CREF. Teachers Advisors, Inc.
(Advisors) is the investment adviser to three registered investment
companies, TIAA-CREF Funds (Funds), TIAA-CREF Life Funds (Life
Funds), and TIAA Separate Account VA-1 (VA-1). Advisors is
also the investment adviser to the TIAA-CREF Asset Management Commingled Funds
Trust I (TCAM Funds) and four Active Extension Funds (collectively,
the Unregistered Funds). Consequently, Advisors may be deemed to be
a beneficial owner of 962,643 shares of Issuers common stock owned by the
Funds, Life Funds, VA-1, TCAM Funds and Unregistered Funds. Investment
Management and Advisors are reporting their combined holdings for the purpose of
administrative convenience. These shares were acquired in the ordinary course of
business, and not with the purpose or effect of changing or influencing control
of the Issuer. Each of Investment Management and Advisors expressly disclaims
beneficial ownership of the others securities holdings and each disclaims
that it is a member of a group with the other.
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