E*TRADE Financial Corporation (NASDAQ:ETFC) insider Michael John Curcio sold 33,474 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $40.38, for a total value of $1,351,680.12. Following the completion of the transaction, the insider now owns 267,151 shares in the company, valued at approximately $10,787,557.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of E*TRADE Financial Corporation (ETFC) opened at 41.06 on Friday. E*TRADE Financial Corporation has a 12 month low of $27.34 and a 12 month high of $42.19. The stock has a market capitalization of $11.31 billion, a P/E ratio of 19.19 and a beta of 1.46. The company’s 50 day moving average price is $40.61 and its 200-day moving average price is $37.14.

E*TRADE Financial Corporation (NASDAQ:ETFC) last announced its earnings results on Thursday, July 20th. The financial services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $577.00 million during the quarter, compared to analyst estimates of $553.31 million. E*TRADE Financial Corporation had a net margin of 28.42% and a return on equity of 9.06%. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS. Equities analysts predict that E*TRADE Financial Corporation will post $2.26 earnings per share for the current year.

E*TRADE Financial Corporation announced that its board has approved a stock repurchase program on Thursday, July 20th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 9.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

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Several analysts have recently commented on the company. Morgan Stanley reissued an “equal weight” rating and issued a $43.00 price objective (up from $40.00) on shares of E*TRADE Financial Corporation in a research note on Tuesday, July 25th. Deutsche Bank AG increased their price objective on E*TRADE Financial Corporation from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Bank of America Corporation increased their price objective on E*TRADE Financial Corporation from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, July 21st. ValuEngine downgraded E*TRADE Financial Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. Finally, Instinet reissued a “buy” rating and issued a $47.00 price objective (up from $44.00) on shares of E*TRADE Financial Corporation in a research note on Saturday, July 22nd. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. E*TRADE Financial Corporation presently has a consensus rating of “Buy” and an average target price of $41.61.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of E*TRADE Financial Corporation by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 29,167,934 shares of the financial services provider’s stock worth $1,109,256,000 after purchasing an additional 157,269 shares in the last quarter. BlackRock Inc. increased its stake in shares of E*TRADE Financial Corporation by 2,903.3% in the 1st quarter. BlackRock Inc. now owns 18,166,924 shares of the financial services provider’s stock worth $633,844,000 after purchasing an additional 17,562,024 shares in the last quarter. Primecap Management Co. CA increased its stake in shares of E*TRADE Financial Corporation by 4.9% in the 1st quarter. Primecap Management Co. CA now owns 12,762,600 shares of the financial services provider’s stock worth $445,287,000 after purchasing an additional 598,400 shares in the last quarter. State Street Corp increased its stake in shares of E*TRADE Financial Corporation by 1.8% in the 1st quarter. State Street Corp now owns 12,755,327 shares of the financial services provider’s stock worth $445,031,000 after purchasing an additional 221,060 shares in the last quarter. Finally, FMR LLC increased its stake in shares of E*TRADE Financial Corporation by 24.3% in the 2nd quarter. FMR LLC now owns 10,737,023 shares of the financial services provider’s stock worth $408,329,000 after purchasing an additional 2,096,445 shares in the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

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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