E*TRADE Financial Corp (NASDAQ:ETFC) CEO Karl A. Roessner sold 115,059 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $51.79, for a total value of $5,958,905.61. Following the sale, the chief executive officer now owns 196,828 shares in the company, valued at approximately $10,193,722.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of E*TRADE Financial Corp (ETFC) opened at $49.47 on Friday. The stock has a market capitalization of $12,935.82, a PE ratio of 22.14, a P/E/G ratio of 0.69 and a beta of 1.34. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.27 and a quick ratio of 0.27. E*TRADE Financial Corp has a 1 year low of $32.25 and a 1 year high of $56.00.

E*TRADE Financial (NASDAQ:ETFC) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.13). The firm had revenue of $637.00 million during the quarter, compared to analyst estimates of $629.03 million. E*TRADE Financial had a net margin of 25.95% and a return on equity of 10.07%. The firm’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. research analysts anticipate that E*TRADE Financial Corp will post 3.23 earnings per share for the current year.

A number of research firms have recently commented on ETFC. Zacks Investment Research downgraded E*TRADE Financial from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Jefferies Group reiterated a “hold” rating and issued a $56.00 price objective on shares of E*TRADE Financial in a report on Monday, January 8th. UBS Group increased their price objective on E*TRADE Financial from $61.00 to $63.00 and gave the company a “buy” rating in a report on Friday, January 26th. BidaskClub downgraded E*TRADE Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 30th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $50.00 price objective on shares of E*TRADE Financial in a report on Friday, October 20th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $54.87.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. New England Research & Management Inc. acquired a new stake in shares of E*TRADE Financial in the 3rd quarter valued at about $379,000. Toronto Dominion Bank boosted its position in shares of E*TRADE Financial by 25.6% in the 2nd quarter. Toronto Dominion Bank now owns 93,052 shares of the financial services provider’s stock valued at $3,538,000 after purchasing an additional 18,938 shares during the period. Worth Venture Partners LLC boosted its position in shares of E*TRADE Financial by 42.8% in the 3rd quarter. Worth Venture Partners LLC now owns 12,671 shares of the financial services provider’s stock valued at $553,000 after purchasing an additional 3,796 shares during the period. Janus Henderson Group PLC boosted its position in shares of E*TRADE Financial by 70.6% in the 3rd quarter. Janus Henderson Group PLC now owns 2,494,035 shares of the financial services provider’s stock valued at $108,765,000 after purchasing an additional 1,031,749 shares during the period. Finally, Hills Bank & Trust Co. boosted its position in shares of E*TRADE Financial by 21.6% in the 4th quarter. Hills Bank & Trust Co. now owns 10,905 shares of the financial services provider’s stock valued at $540,000 after purchasing an additional 1,935 shares during the period. 93.48% of the stock is owned by hedge funds and other institutional investors.

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E*TRADE Financial 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 (NASDAQ:ETFC)

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