E*TRADE Financial Corporation (NASDAQ:ETFC) insider Michael John Curcio sold 33,474 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $40.38, for a total transaction of $1,351,680.12. Following the transaction, the insider now directly owns 267,151 shares in the company, valued at approximately $10,787,557.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

E*TRADE Financial Corporation (NASDAQ:ETFC) traded up 0.15% during midday trading on Thursday, reaching $40.73. 1,276,295 shares of the company were exchanged. E*TRADE Financial Corporation has a one year low of $27.34 and a one year high of $42.19. The firm has a market cap of $11.22 billion, a P/E ratio of 19.03 and a beta of 1.46. The firm’s 50-day moving average is $40.60 and its 200-day moving average is $37.11.

E*TRADE Financial Corporation (NASDAQ:ETFC) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $577.00 million during the quarter, compared to analysts’ expectations of $553.31 million. During the same period in the previous year, the company earned $0.48 earnings per share. E*TRADE Financial Corporation’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, equities analysts expect that E*TRADE Financial Corporation will post $2.26 EPS for the current fiscal year.

E*TRADE Financial Corporation announced that its Board of Directors has authorized a share buyback program on Thursday, July 20th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 9.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

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Several institutional investors have recently modified their holdings of ETFC. BlackRock Inc. lifted its stake in shares of E*TRADE Financial Corporation by 2,903.3% in the first quarter. BlackRock Inc. now owns 18,166,924 shares of the financial services provider’s stock worth $633,844,000 after buying an additional 17,562,024 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of E*TRADE Financial Corporation by 79.2% in the first quarter. Victory Capital Management Inc. now owns 6,259,269 shares of the financial services provider’s stock worth $218,385,000 after buying an additional 2,766,050 shares during the last quarter. BT Investment Management Ltd acquired a new stake in shares of E*TRADE Financial Corporation in the second quarter worth $97,155,000. Westpac Banking Corp lifted its stake in shares of E*TRADE Financial Corporation by 11,248.8% in the first quarter. Westpac Banking Corp now owns 2,522,959 shares of the financial services provider’s stock worth $96,538,000 after buying an additional 2,500,728 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of E*TRADE Financial Corporation by 24.3% in the second quarter. FMR LLC now owns 10,737,023 shares of the financial services provider’s stock worth $408,329,000 after buying an additional 2,096,445 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

A number of equities analysts have weighed in on the stock. Jefferies Group LLC reaffirmed a “hold” rating on shares of E*TRADE Financial Corporation in a research note on Monday, July 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $43.00 price target on shares of E*TRADE Financial Corporation in a research note on Friday, July 14th. UBS AG reaffirmed a “buy” rating and set a $43.00 price target on shares of E*TRADE Financial Corporation in a research note on Thursday, May 25th. Rosenblatt Securities assumed coverage on shares of E*TRADE Financial Corporation in a research note on Thursday, July 13th. They set a “buy” rating and a $43.00 price target on the stock. Finally, BidaskClub downgraded shares of E*TRADE Financial Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $41.61.

E*TRADE Financial Corporation Company Profile

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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