E*TRADE Financial Corporation (NASDAQ:ETFC) has been assigned an average recommendation of “Buy” from the nineteen analysts that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $36.60.

Several brokerages have weighed in on ETFC. SunTrust Banks, Inc. lifted their target price on E*TRADE Financial Corporation from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Friday. BidaskClub raised E*TRADE Financial Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 13th. Zacks Investment Research downgraded E*TRADE Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $41.00 target price (up previously from $40.00) on shares of E*TRADE Financial Corporation in a research note on Monday, June 12th. Finally, Sandler O’Neill downgraded E*TRADE Financial Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, March 2nd.

In other news, insider Rodger A. Lawson sold 7,947 shares of E*TRADE Financial Corporation stock in a transaction on Monday, March 27th. The stock was sold at an average price of $33.03, for a total transaction of $262,489.41. Following the transaction, the insider now directly owns 94,910 shares in the company, valued at approximately $3,134,877.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.17% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the company. A.R.T. Advisors LLC bought a new position in shares of E*TRADE Financial Corporation during the fourth quarter worth about $3,579,000. Blenheim Capital Management BV bought a new position in shares of E*TRADE Financial Corporation during the fourth quarter worth about $319,000. Envestnet Asset Management Inc. boosted its position in shares of E*TRADE Financial Corporation by 105.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,045 shares of the financial services provider’s stock worth $449,000 after buying an additional 6,697 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in shares of E*TRADE Financial Corporation during the fourth quarter worth about $271,000. Finally, Renaissance Technologies LLC bought a new position in shares of E*TRADE Financial Corporation during the fourth quarter worth about $28,241,000. Institutional investors and hedge funds own 92.10% of the company’s stock.

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Shares of E*TRADE Financial Corporation (NASDAQ ETFC) opened at 37.62 on Tuesday. The company’s 50-day moving average price is $35.41 and its 200 day moving average price is $35.44. E*TRADE Financial Corporation has a 1-year low of $21.52 and a 1-year high of $38.61. The stock has a market cap of $10.34 billion, a PE ratio of 19.50 and a beta of 1.40.

E*TRADE Financial Corporation (NASDAQ:ETFC) last announced its earnings results on Thursday, April 20th. The financial services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.09. The firm had revenue of $553 million for the quarter, compared to the consensus estimate of $532.43 million. E*TRADE Financial Corporation had a return on equity of 9.09% and a net margin of 26.90%. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 EPS. Equities analysts forecast that E*TRADE Financial Corporation will post $1.96 EPS for the current fiscal year.

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.

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