E*TRADE Financial Corporation (NASDAQ:ETFC) CEO Karl A. Roessner sold 8,578 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $40.49, for a total transaction of $347,323.22. Following the completion of the transaction, the chief executive officer now owns 225,731 shares of the company’s stock, valued at $9,139,848.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

E*TRADE Financial Corporation (ETFC) opened at 41.06 on Friday. The company has a 50-day moving average of $40.61 and a 200 day moving average of $37.14. E*TRADE Financial Corporation has a one year low of $27.34 and a one year high of $42.19. The company has a market cap of $11.31 billion, a P/E ratio of 19.19 and a beta of 1.46.

E*TRADE Financial Corporation (NASDAQ:ETFC) last issued its earnings results on Thursday, July 20th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $577.00 million during the quarter, compared to analysts’ expectations of $553.31 million. During the same quarter last year, the company posted $0.48 earnings per share. The firm’s revenue was up 21.7% compared to the same quarter last year. Analysts anticipate that E*TRADE Financial Corporation will post $2.26 earnings per share for the current year.

E*TRADE Financial Corporation declared that its Board of Directors has initiated a stock buyback program on Thursday, July 20th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 9.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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Several institutional investors have recently modified their holdings of the stock. Independent Portfolio Consultants Inc. increased its holdings in E*TRADE Financial Corporation by 0.4% in the second quarter. Independent Portfolio Consultants Inc. now owns 6,021 shares of the financial services provider’s stock valued at $229,000 after buying an additional 26 shares in the last quarter. Cleararc Capital Inc. increased its holdings in E*TRADE Financial Corporation by 0.4% in the first quarter. Cleararc Capital Inc. now owns 6,698 shares of the financial services provider’s stock valued at $234,000 after buying an additional 29 shares in the last quarter. ING Groep NV increased its holdings in E*TRADE Financial Corporation by 0.4% in the second quarter. ING Groep NV now owns 14,056 shares of the financial services provider’s stock valued at $535,000 after buying an additional 51 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in E*TRADE Financial Corporation by 0.3% in the second quarter. Wedge Capital Management L L P NC now owns 23,923 shares of the financial services provider’s stock valued at $910,000 after buying an additional 62 shares in the last quarter. Finally, Mackenzie Financial Corp increased its holdings in E*TRADE Financial Corporation by 0.3% in the first quarter. Mackenzie Financial Corp now owns 33,335 shares of the financial services provider’s stock valued at $1,163,000 after buying an additional 88 shares in the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of E*TRADE Financial Corporation from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Wednesday, June 21st. Instinet reiterated a “buy” rating and set a $47.00 target price (up from $44.00) on shares of E*TRADE Financial Corporation in a research note on Saturday, July 22nd. ValuEngine lowered shares of E*TRADE Financial Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. UBS AG reiterated a “buy” rating and set a $43.00 target price on shares of E*TRADE Financial Corporation in a research note on Thursday, May 25th. Finally, JMP Securities reiterated an “outperform” rating and set a $44.00 target price (up from $42.00) on shares of E*TRADE Financial Corporation in a research note on Sunday, July 23rd. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price 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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