E*TRADE Financial Corp. CFO Sells $26,320 in Stock (ETFC)
E*TRADE Financial Corp. (NASDAQ:ETFC) CFO Matthew Audette sold 1,294 shares of E*TRADE Financial Corp. stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $20.34, for a total transaction of $26,319.96. Following the completion of the sale, the chief financial officer now directly owns 192,826 shares in the company, valued at approximately $3,922,081. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
E*TRADE Financial Corp. (NASDAQ:ETFC) traded up 2.05% on Tuesday, hitting $20.685. The stock had a trading volume of 3,985,845 shares. E*TRADE Financial Corp. has a one year low of $9.09 and a one year high of $20.57. The stock has a 50-day moving average of $18.61 and a 200-day moving average of $16.24. The company’s market cap is $5.939 billion.
E*TRADE Financial Corp. (NASDAQ:ETFC) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.17 by $0.01. The company had revenue of $417.00 million for the quarter, compared to the consensus estimate of $419.41 million. During the same quarter in the prior year, the company posted ($0.10) earnings per share. The company’s quarterly revenue was down 14.9% on a year-over-year basis. Analysts expect that E*TRADE Financial Corp. will post $0.68 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of E*TRADE Financial Corp. in a research note to investors on Tuesday, December 10th. They set a “neutral” rating on the stock. Separately, analysts at Zacks upgraded shares of E*TRADE Financial Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, November 13th. They now have a $21.00 price target on the stock. Finally, analysts at Compass Point raised their price target on shares of E*TRADE Financial Corp. from $13.00 to $16.00 in a research note to investors on Friday, October 25th. They now have a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $15.00.
E*TRADE Financial Corporation (NASDAQ:ETFC) is a financial services company, which provides online brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial.
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