E*TRADE Financial (NASDAQ:ETFC) had its price target upped by stock analysts at Credit Suisse Group from $50.00 to $51.00 in a research note issued on Tuesday, BenzingaRatingsTable reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Credit Suisse Group’s price objective suggests a potential upside of 14.45% from the company’s current price.
ETFC has been the topic of a number of other reports. ValuEngine lowered shares of E*TRADE Financial from a “buy” rating to a “hold” rating in a research note on Tuesday. UBS Group lifted their price objective on E*TRADE Financial from $41.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Wells Fargo & Co boosted their price objective on E*TRADE Financial from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. BidaskClub raised E*TRADE Financial from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Jefferies Financial Group set a $44.00 target price on E*TRADE Financial and gave the company a “buy” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $47.13.
E*TRADE Financial stock opened at $44.56 on Tuesday. The stock has a market capitalization of $10.84 billion, a P/E ratio of 11.46, a P/E/G ratio of 1.45 and a beta of 1.22. The company’s fifty day moving average price is $42.56 and its 200 day moving average price is $43.86. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.28 and a current ratio of 0.28. E*TRADE Financial has a 1 year low of $34.68 and a 1 year high of $54.08.
E*TRADE Financial (NASDAQ:ETFC) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.07. The business had revenue of $767.00 million for the quarter, compared to the consensus estimate of $742.83 million. E*TRADE Financial had a net margin of 35.79% and a return on equity of 18.41%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $1.00 earnings per share. Sell-side analysts predict that E*TRADE Financial will post 4.1 EPS for the current year.
In related news, EVP Michael John Curcio sold 53,584 shares of E*TRADE Financial stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $45.18, for a total transaction of $2,420,925.12. Following the transaction, the executive vice president now owns 149,159 shares in the company, valued at $6,739,003.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Rodger A. Lawson sold 5,109 shares of E*TRADE Financial stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $45.18, for a total value of $230,824.62. Following the transaction, the director now owns 113,739 shares in the company, valued at approximately $5,138,728.02. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Kavar Capital Partners LLC purchased a new stake in shares of E*TRADE Financial in the 2nd quarter valued at approximately $31,000. FNY Investment Advisers LLC grew its position in E*TRADE Financial by 100.0% in the second quarter. FNY Investment Advisers LLC now owns 1,000 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 500 shares during the period. Ossiam purchased a new stake in E*TRADE Financial in the second quarter valued at $44,000. Signaturefd LLC lifted its stake in shares of E*TRADE Financial by 58.1% in the 3rd quarter. Signaturefd LLC now owns 1,029 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 378 shares during the last quarter. Finally, Amica Retiree Medical Trust acquired a new position in shares of E*TRADE Financial in the 2nd quarter valued at $46,000. 84.60% of the stock is owned by hedge funds and other institutional investors.
About E*TRADE Financial
E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services for traders, investors, stock plan administrators and participants, and registered investment advisors (RIAs). It also offers investor-focused banking products, primarily sweep deposits to customers; clearing and settlement services; Federal Deposit Insurance Corporation insurance services; custody solutions to RIAs; other banking and cash management services; software and services for managing equity compensation plans to its corporate clients; retail futures transaction services; and investment advisory services.
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