E*TRADE Financial (NASDAQ:ETFC) had its target price upped by JMP Securities to $63.00 in a research note published on Friday, The Fly reports. They currently have a market perform rating on the financial services provider’s stock.
Several other analysts also recently weighed in on ETFC. Zacks Investment Research downgraded shares of Hammerson from a hold rating to a sell rating in a research report on Friday, May 24th. Morgan Stanley boosted their target price on shares of Visa from $175.00 to $191.00 and gave the stock an overweight rating in a research report on Thursday, July 11th. BidaskClub downgraded shares of Zebra Technologies from a hold rating to a sell rating in a research report on Friday, May 24th. Finally, Compass Point set a $52.00 target price on shares of E*TRADE Financial and gave the stock a buy rating in a research report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $57.71.
NASDAQ ETFC opened at $47.35 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.24 and a current ratio of 0.27. The company has a market cap of $11.59 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 1.11 and a beta of 1.15. The stock’s 50 day moving average price is $45.64. E*TRADE Financial has a 52 week low of $40.41 and a 52 week high of $62.12.
E*TRADE Financial (NASDAQ:ETFC) last released its earnings results on Thursday, July 18th. The financial services provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.02. The company had revenue of $685.00 million for the quarter, compared to the consensus estimate of $751.35 million. E*TRADE Financial had a net margin of 36.75% and a return on equity of 18.44%. E*TRADE Financial’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.95 EPS. Analysts anticipate that E*TRADE Financial will post 4.25 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Monday, August 19th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.18%. E*TRADE Financial’s dividend payout ratio (DPR) is currently 14.40%.
In other news, Director Rodger A. Lawson sold 41,322 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $48.13, for a total value of $1,988,827.86. Following the sale, the director now directly owns 114,753 shares of the company’s stock, valued at approximately $5,523,061.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Liberty Wealth Management LLC acquired a new position in shares of E*TRADE Financial in the 4th quarter valued at $27,000. Arrow Financial Corp acquired a new position in shares of E*TRADE Financial in the 1st quarter valued at $39,000. Bronfman E.L. Rothschild L.P. lifted its stake in shares of E*TRADE Financial by 32.0% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 915 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 222 shares during the period. Gemmer Asset Management LLC acquired a new position in shares of E*TRADE Financial in the 2nd quarter valued at $42,000. Finally, NuWave Investment Management LLC lifted its stake in shares of E*TRADE Financial by 2,834.3% in the 1st quarter. NuWave Investment Management LLC now owns 1,027 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 992 shares during the period. 91.61% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading: Stochastic Momentum Index (SMI)
Receive News & Ratings for E*TRADE Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for E*TRADE Financial and related companies with MarketBeat.com's FREE daily email newsletter.