E*TRADE Financial Corporation (NASDAQ:ETFC) CEO Karl A. Roessner sold 8,578 shares of E*TRADE Financial Corporation stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $40.49, for a total value of $347,323.22. Following the transaction, the chief executive officer now owns 225,731 shares of the company’s stock, valued at $9,139,848.19. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

E*TRADE Financial Corporation (ETFC) traded up 0.15% during mid-day trading on Thursday, hitting $40.73. The stock had a trading volume of 1,276,295 shares. The firm’s 50-day moving average is $40.60 and its 200 day moving average is $37.11. E*TRADE Financial Corporation has a one year low of $27.34 and a one year high of $42.19. The stock has a market cap of $11.22 billion, a PE ratio of 19.03 and a beta of 1.46.

E*TRADE Financial Corporation (NASDAQ:ETFC) last released its earnings results on Thursday, July 20th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. E*TRADE Financial Corporation had a net margin of 28.42% and a return on equity of 9.06%. The company had revenue of $577.00 million during the quarter, compared to the consensus estimate of $553.31 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The company’s revenue was up 21.7% compared to the same quarter last year. Equities research analysts expect that E*TRADE Financial Corporation will post $2.26 EPS for the current year.

E*TRADE Financial Corporation announced that its board has initiated a share repurchase program on Thursday, July 20th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 9.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

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A number of hedge funds have recently added to or reduced their stakes in the business. Independent Portfolio Consultants Inc. lifted its position in E*TRADE Financial Corporation by 0.4% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 6,021 shares of the financial services provider’s stock worth $229,000 after buying an additional 26 shares in the last quarter. Cleararc Capital Inc. lifted its position in E*TRADE Financial Corporation by 0.4% in the 1st quarter. Cleararc Capital Inc. now owns 6,698 shares of the financial services provider’s stock worth $234,000 after buying an additional 29 shares in the last quarter. ING Groep NV lifted its position in E*TRADE Financial Corporation by 0.4% in the 2nd quarter. ING Groep NV now owns 14,056 shares of the financial services provider’s stock worth $535,000 after buying an additional 51 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in E*TRADE Financial Corporation by 0.3% in the 2nd quarter. Wedge Capital Management L L P NC now owns 23,923 shares of the financial services provider’s stock worth $910,000 after buying an additional 62 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in E*TRADE Financial Corporation by 0.3% in the 1st quarter. Mackenzie Financial Corp now owns 33,335 shares of the financial services provider’s stock worth $1,163,000 after buying an additional 88 shares in the last quarter. Institutional investors own 92.65% of the company’s stock.

Several brokerages recently issued reports on ETFC. UBS AG restated a “buy” rating and set a $43.00 price objective on shares of E*TRADE Financial Corporation in a research report on Thursday, May 25th. Barclays PLC began coverage on E*TRADE Financial Corporation in a research report on Friday, September 8th. They set an “overweight” rating and a $45.00 price objective for the company. Keefe, Bruyette & Woods restated a “hold” rating and set a $43.00 price objective on shares of E*TRADE Financial Corporation in a research report on Friday, July 14th. Rosenblatt Securities began coverage on E*TRADE Financial Corporation in a research report on Thursday, July 13th. They set a “buy” rating and a $43.00 price objective for the company. Finally, Jefferies Group LLC restated a “hold” rating on shares of E*TRADE Financial Corporation in a research report on Monday, July 10th. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $41.61.

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.

Insider Buying and Selling by Quarter for E*TRADE Financial Corporation (NASDAQ:ETFC)

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