Credit Suisse Group reaffirmed their outperform rating on shares of E*TRADE Financial (NASDAQ:ETFC) in a research report report published on Tuesday, January 16th, The Fly reports. They currently have a $67.00 target price on the financial services provider’s stock, up from their previous target price of $56.00.
A number of other equities analysts have also weighed in on ETFC. SunTrust Banks reaffirmed a buy rating and issued a $50.00 target price on shares of E*TRADE Financial in a research note on Monday, September 18th. Zacks Investment Research cut shares of E*TRADE Financial from a buy rating to a hold rating in a research report on Wednesday, September 20th. Bank of America raised shares of E*TRADE Financial from a neutral rating to a buy rating and upped their target price for the company from $44.00 to $49.00 in a report on Monday, October 9th. Barclays upped their target price on shares of E*TRADE Financial from $45.00 to $49.00 and gave the company an overweight rating in a report on Tuesday, October 10th. Finally, Wells Fargo & Co upped their target price on shares of E*TRADE Financial from $49.00 to $51.00 and gave the company an outperform rating in a report on Friday, October 20th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $54.87.
E*TRADE Financial (NASDAQ:ETFC) traded up $0.99 on Tuesday, reaching $49.47. 4,514,051 shares of the company’s stock were exchanged, compared to its average volume of 2,670,000. E*TRADE Financial has a 12-month low of $32.25 and a 12-month high of $56.00. The firm has a market cap of $13,260.00, a price-to-earnings ratio of 23.01, a PEG ratio of 0.70 and a beta of 1.34. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.30.
E*TRADE Financial (NASDAQ:ETFC) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.13). The firm had revenue of $637.00 million during the quarter, compared to analyst estimates of $629.03 million. E*TRADE Financial had a net margin of 25.95% and a return on equity of 10.07%. E*TRADE Financial’s quarterly revenue was up 25.1% on a year-over-year basis. During the same period last year, the firm earned $0.46 EPS. equities analysts forecast that E*TRADE Financial will post 3.23 earnings per share for the current fiscal year.
In other news, CEO Karl A. Roessner sold 115,059 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $51.79, for a total transaction of $5,958,905.61. Following the completion of the transaction, the chief executive officer now owns 196,828 shares of the company’s stock, valued at $10,193,722.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael A. Pizzi sold 69,829 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $51.58, for a total transaction of $3,601,779.82. Following the transaction, the chief financial officer now directly owns 104,847 shares of the company’s stock, valued at approximately $5,408,008.26. The disclosure for this sale can be found here. In the last three months, insiders sold 224,899 shares of company stock valued at $11,633,684. 0.17% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in ETFC. Quadrant Capital Group LLC raised its stake in E*TRADE Financial by 21.8% during the second quarter. Quadrant Capital Group LLC now owns 3,436 shares of the financial services provider’s stock worth $121,000 after buying an additional 614 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in E*TRADE Financial during the third quarter worth $136,000. Krilogy Financial LLC raised its stake in E*TRADE Financial by 7.5% during the second quarter. Krilogy Financial LLC now owns 3,710 shares of the financial services provider’s stock worth $141,000 after buying an additional 260 shares during the last quarter. Private Advisor Group LLC bought a new position in E*TRADE Financial during the fourth quarter worth $204,000. Finally, Ballentine Partners LLC bought a new position in E*TRADE Financial during the fourth quarter worth $206,000. 93.48% of the stock is owned by hedge funds and other institutional investors.
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About E*TRADE Financial
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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