E*TRADE Financial (ETFC) – Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of E*TRADE Financial (NASDAQ: ETFC) in the last few weeks:

  • 12/6/2019 – E*TRADE Financial was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 12/3/2019 – E*TRADE Financial had its price target raised by analysts at Credit Suisse Group AG from $50.00 to $51.00. They now have an “outperform” rating on the stock.
  • 12/3/2019 – E*TRADE Financial was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 11/27/2019 – E*TRADE Financial had its price target raised by analysts at Barclays PLC from $32.00 to $39.00. They now have an “underweight” rating on the stock.
  • 11/19/2019 – E*TRADE Financial was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 11/19/2019 – E*TRADE Financial was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/23/2019 – E*TRADE Financial had its price target raised by analysts at Deutsche Bank AG from $35.00 to $36.00. They now have a “hold” rating on the stock.
  • 10/21/2019 – E*TRADE Financial had its price target raised by analysts at Morgan Stanley from $46.00 to $48.00. They now have an “overweight” rating on the stock.
  • 10/18/2019 – E*TRADE Financial had its price target raised by analysts at Barclays PLC from $31.00 to $32.00. They now have an “underweight” rating on the stock.
  • 10/18/2019 – E*TRADE Financial had its price target raised by analysts at Raymond James from $45.00 to $47.00. They now have an “outperform” rating on the stock.
  • 10/18/2019 – E*TRADE Financial had its price target raised by analysts at Wells Fargo & Co from $37.00 to $40.00. They now have a “market perform” rating on the stock.
  • 10/18/2019 – E*TRADE Financial had its price target raised by analysts at UBS Group AG from $41.00 to $47.00. They now have a “buy” rating on the stock.
  • 10/14/2019 – E*TRADE Financial had its price target lowered by analysts at Morgan Stanley from $57.00 to $46.00. They now have an “overweight” rating on the stock.
  • 10/10/2019 – E*TRADE Financial was given a new $44.00 price target on by analysts at Jefferies Financial Group Inc. They now have a “buy” rating on the stock.

Shares of ETFC stock traded down $0.32 during trading hours on Monday, hitting $45.49. 61,852 shares of the company were exchanged, compared to its average volume of 5,341,035. The firm has a fifty day moving average of $43.03 and a 200 day moving average of $43.80. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.24. E*TRADE Financial Corp has a 1 year low of $34.68 and a 1 year high of $52.35. The firm has a market cap of $11.21 billion, a PE ratio of 11.69, a PEG ratio of 1.50 and a beta of 1.22.

E*TRADE Financial (NASDAQ:ETFC) last released its earnings results on Thursday, October 17th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. The firm had revenue of $767.00 million during 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%. E*TRADE Financial’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 earnings per share. Analysts expect that E*TRADE Financial Corp will post 4.1 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Thursday, November 7th. E*TRADE Financial’s dividend payout ratio (DPR) is presently 14.40%.

In related news, EVP Michael John Curcio sold 53,584 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $45.18, for a total transaction of $2,420,925.12. Following the completion of the sale, the executive vice president now directly owns 149,159 shares of the company’s stock, valued at approximately $6,739,003.62. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rodger A. Lawson sold 5,109 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $45.18, for a total value of $230,824.62. Following the completion of the sale, the director now owns 113,739 shares of the company’s stock, valued at $5,138,728.02. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Kavar Capital Partners LLC purchased a new stake in E*TRADE Financial during the 2nd quarter worth approximately $31,000. Ossiam bought a new position in E*TRADE Financial during the 2nd quarter worth $44,000. Signaturefd LLC lifted its stake in E*TRADE Financial by 58.1% in the third quarter. Signaturefd LLC now owns 1,029 shares of the financial services provider’s stock valued at $45,000 after buying an additional 378 shares during the last quarter. Amica Retiree Medical Trust bought a new position in shares of E*TRADE Financial during the second quarter worth about $46,000. Finally, CSat Investment Advisory L.P. grew its position in shares of E*TRADE Financial by 122.1% during the second quarter. CSat Investment Advisory L.P. now owns 1,184 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 651 shares during the last quarter. Institutional investors and hedge funds own 84.86% of the company’s stock.

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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