E*TRADE Financial Corporation (NASDAQ:ETFC)‘s stock had its “hold” rating restated by stock analysts at Jefferies Group LLC in a research note issued to investors on Monday.

Other equities analysts have also issued reports about the company. BidaskClub raised E*TRADE Financial Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $41.00 target price (up from $40.00) on shares of E*TRADE Financial Corporation in a research report on Monday, May 15th. Instinet reaffirmed a “buy” rating and issued a $44.00 target price (up from $42.00) on shares of E*TRADE Financial Corporation in a research report on Sunday, April 23rd. Zacks Investment Research lowered E*TRADE Financial Corporation from a “hold” rating to a “sell” rating in a research report on Monday, April 10th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $40.00 target price on shares of E*TRADE Financial Corporation in a research report on Tuesday, March 14th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. E*TRADE Financial Corporation currently has a consensus rating of “Buy” and an average target price of $36.76.

Shares of E*TRADE Financial Corporation (NASDAQ ETFC) opened at 38.50 on Monday. The firm’s 50-day moving average is $35.75 and its 200-day moving average is $35.53. The firm has a market cap of $10.58 billion, a PE ratio of 19.96 and a beta of 1.46. E*TRADE Financial Corporation has a 12-month low of $23.16 and a 12-month high of $39.15.

E*TRADE Financial Corporation (NASDAQ:ETFC) last announced its earnings results on Thursday, April 20th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.09. E*TRADE Financial Corporation had a return on equity of 9.09% and a net margin of 26.90%. The company had revenue of $553 million for the quarter, compared to analyst estimates of $532.43 million. During the same period in the prior year, the company posted $0.43 EPS. E*TRADE Financial Corporation’s quarterly revenue was up 17.2% on a year-over-year basis. Equities analysts expect that E*TRADE Financial Corporation will post $1.97 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can increased its position in shares of E*TRADE Financial Corporation by 217.7% in the second quarter. Bank of Montreal Can now owns 1,674,953 shares of the financial services provider’s stock worth $63,698,000 after buying an additional 1,147,757 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in E*TRADE Financial Corporation during the second quarter valued at about $1,198,000. Independent Portfolio Consultants Inc. boosted its position in E*TRADE Financial Corporation by 0.4% in the second quarter. Independent Portfolio Consultants Inc. now owns 6,021 shares of the financial services provider’s stock valued at $229,000 after buying an additional 26 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in E*TRADE Financial Corporation by 1.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 35,376 shares of the financial services provider’s stock valued at $1,234,000 after buying an additional 358 shares during the last quarter. Finally, Bank of Nova Scotia boosted its position in E*TRADE Financial Corporation by 71.8% in the first quarter. Bank of Nova Scotia now owns 614,202 shares of the financial services provider’s stock valued at $21,430,000 after buying an additional 256,788 shares during the last quarter. Hedge funds and other institutional investors own 92.00% of the company’s stock.

About E*TRADE Financial Corporation

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.

Analyst Recommendations for E*TRADE Financial Corporation (NASDAQ:ETFC)

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