E*TRADE Financial Corporation (NASDAQ:ETFC) had its target price boosted by Barclays PLC from $45.00 to $49.00 in a report published on Tuesday morning. They currently have an overweight rating on the financial services provider’s stock.

A number of other research analysts have also weighed in on ETFC. Wells Fargo & Company restated an outperform rating and issued a $41.00 target price (up previously from $40.00) on shares of E*TRADE Financial Corporation in a report on Monday, June 12th. BidaskClub upgraded E*TRADE Financial Corporation from a buy rating to a strong-buy rating in a report on Tuesday, June 13th. SunTrust Banks, Inc. raised their target price on E*TRADE Financial Corporation from $42.00 to $43.00 and gave the company a buy rating in a report on Friday, June 16th. Deutsche Bank AG dropped their target price on E*TRADE Financial Corporation from $40.00 to $39.00 and set a buy rating on the stock in a report on Tuesday, July 4th. Finally, Jefferies Group LLC restated a hold rating on shares of E*TRADE Financial Corporation in a report on Monday, July 10th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $44.25.

E*TRADE Financial Corporation (NASDAQ ETFC) opened at 43.99 on Tuesday. The firm’s 50 day moving average price is $41.78 and its 200 day moving average price is $38.17. E*TRADE Financial Corporation has a 52-week low of $27.33 and a 52-week high of $45.70. The firm has a market cap of $12.12 billion, a price-to-earnings ratio of 20.56 and a beta of 1.47.

E*TRADE Financial Corporation (NASDAQ:ETFC) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. E*TRADE Financial Corporation had a return on equity of 9.06% and a net margin of 28.42%. The company had revenue of $577.00 million for the quarter, compared to analyst estimates of $553.31 million. During the same quarter last year, the company earned $0.48 earnings per share. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. Equities research analysts anticipate that E*TRADE Financial Corporation will post $2.24 EPS for the current fiscal year.

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

In other E*TRADE Financial Corporation news, insider Michael John Curcio sold 33,474 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 267,151 shares of the company’s stock, valued at $10,787,557.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Karl A. Roessner sold 8,578 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $40.49, for a total value of $347,323.22. Following the completion of the sale, the chief executive officer now directly owns 225,731 shares of the company’s stock, valued at $9,139,848.19. The disclosure for this sale can be found here. Insiders sold 72,623 shares of company stock valued at $2,915,711 over the last three months. Company insiders own 0.17% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC grew its position in shares of E*TRADE Financial Corporation by 21.8% in the second quarter. Quadrant Capital Group LLC now owns 3,436 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 614 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of E*TRADE Financial Corporation by 80.8% in the second quarter. Advisors Asset Management Inc. now owns 3,239 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 1,448 shares in the last quarter. Exane Derivatives purchased a new position in shares of E*TRADE Financial Corporation in the second quarter valued at $130,000. Krilogy Financial LLC grew its position in shares of E*TRADE Financial Corporation by 7.5% in the second quarter. Krilogy Financial LLC now owns 3,710 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 260 shares in the last quarter. Finally, Financial Counselors Inc. purchased a new position in shares of E*TRADE Financial Corporation in the second quarter valued at $203,000. Institutional investors own 92.64% 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.

Analyst Recommendations for E*TRADE Financial Corporation (NASDAQ:ETFC)

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