E*TRADE Financial Corp (NASDAQ:ETFC) saw unusually large options trading on Tuesday. Investors purchased 4,482 put options on the company. This represents an increase of approximately 830% compared to the average daily volume of 482 put options.

In other news, CEO Karl A. Roessner sold 8,578 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 225,731 shares in the company, valued at $9,139,848.19. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael John Curcio sold 33,474 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $40.38, for a total value of $1,351,680.12. Following the completion of the sale, the insider now owns 267,151 shares of the company’s stock, valued at approximately $10,787,557.38. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Several institutional investors have recently made changes to their positions in ETFC. Quadrant Capital Group LLC raised its position in shares of 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 purchasing an additional 614 shares during the period. Advisors Asset Management Inc. raised its position in shares of E*TRADE Financial by 80.8% during the second quarter. Advisors Asset Management Inc. now owns 3,239 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 1,448 shares during the period. Valeo Financial Advisors LLC acquired a new stake in shares of E*TRADE Financial during the third quarter worth $136,000. Krilogy Financial LLC raised its position in shares of 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 purchasing an additional 260 shares during the period. Finally, Financial Counselors Inc. acquired a new position in E*TRADE Financial during the second quarter valued at $203,000. 94.32% of the stock is currently owned by institutional investors.

ETFC has been the subject of several research analyst reports. Zacks Investment Research lowered E*TRADE Financial from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Bank of America upgraded E*TRADE Financial from a “neutral” rating to a “buy” rating and upped their price objective for the company from $44.00 to $49.00 in a report on Monday, October 9th. Deutsche Bank upped their price objective on E*TRADE Financial from $48.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Barclays initiated coverage on E*TRADE Financial in a report on Friday, September 8th. They issued an “overweight” rating and a $45.00 price objective for the company. Finally, Credit Suisse Group initiated coverage on E*TRADE Financial in a report on Thursday, November 30th. They issued an “outperform” rating and a $56.00 price objective for the company. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $47.40.

Shares of E*TRADE Financial (NASDAQ:ETFC) opened at $49.84 on Friday. The stock has a market capitalization of $13,378.28, a price-to-earnings ratio of 25.21, a PEG ratio of 1.77 and a beta of 1.45. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.26. E*TRADE Financial has a 52-week low of $32.25 and a 52-week high of $50.90.

E*TRADE Financial (NASDAQ:ETFC) last announced its earnings results on Thursday, October 19th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The company had revenue of $599.00 million for the quarter, compared to analyst estimates of $598.96 million. E*TRADE Financial had a return on equity of 9.34% and a net margin of 27.35%. E*TRADE Financial’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 earnings per share. research analysts anticipate that E*TRADE Financial will post 2.26 EPS for the current fiscal year.

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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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