E*TRADE Financial (NASDAQ:ETFC) had its target price trimmed by Deutsche Bank from $60.00 to $59.00 in a report released on Friday morning. The firm currently has a buy rating on the financial services provider’s stock.

A number of other equities research analysts have also commented on the company. Bank of America dropped their target price on E*TRADE Financial from $67.00 to $62.00 and set a buy rating on the stock in a research report on Wednesday, September 26th. Raymond James dropped their target price on E*TRADE Financial from $70.00 to $64.00 and set a strong-buy rating on the stock in a research report on Friday, October 19th. BidaskClub upgraded E*TRADE Financial from a strong sell rating to a sell rating in a research report on Saturday, October 6th. Credit Suisse Group reiterated an outperform rating on shares of E*TRADE Financial in a research report on Thursday, November 15th. Finally, ValuEngine lowered E*TRADE Financial from a buy rating to a hold rating in a research report on Friday, July 20th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $64.13.

ETFC opened at $51.32 on Friday. E*TRADE Financial has a 52-week low of $44.01 and a 52-week high of $66.46. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market cap of $13.27 billion, a PE ratio of 15.04, a P/E/G ratio of 0.80 and a beta of 1.09.

E*TRADE Financial (NASDAQ:ETFC) last posted its quarterly earnings data on Thursday, October 18th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.17. E*TRADE Financial had a net margin of 32.83% and a return on equity of 15.45%. The firm had revenue of $720.00 million for the quarter, compared to the consensus estimate of $710.62 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. On average, analysts anticipate that E*TRADE Financial will post 3.85 earnings per share for the current fiscal year.

E*TRADE Financial announced that its board has approved a stock buyback program on Thursday, October 18th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire up to 7.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Tuesday, October 30th were given a $0.14 dividend. The ex-dividend date of this dividend was Monday, October 29th. This represents a $0.56 dividend on an annualized basis and a yield of 1.09%. E*TRADE Financial’s dividend payout ratio is currently 25.57%.

In related news, Chairman Rodger A. Lawson acquired 5,000 shares of the stock in a transaction on Friday, November 2nd. The shares were acquired at an average price of $51.26 per share, for a total transaction of $256,300.00. Following the transaction, the chairman now owns 109,191 shares in the company, valued at approximately $5,597,130.66. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Michael A. Pizzi acquired 10,000 shares of the stock in a transaction on Friday, November 2nd. The stock was bought at an average price of $51.67 per share, for a total transaction of $516,700.00. Following the transaction, the chief financial officer now owns 88,171 shares in the company, valued at approximately $4,555,795.57. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 32,668 shares of company stock worth $1,685,354. Insiders own 0.12% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC boosted its position in E*TRADE Financial by 18.0% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 6,273 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 958 shares in the last quarter. Commerce Bank boosted its position in E*TRADE Financial by 6.2% in the 3rd quarter. Commerce Bank now owns 18,396 shares of the financial services provider’s stock worth $964,000 after purchasing an additional 1,075 shares in the last quarter. Parallel Advisors LLC boosted its position in E*TRADE Financial by 64.1% in the 3rd quarter. Parallel Advisors LLC now owns 2,755 shares of the financial services provider’s stock worth $144,000 after purchasing an additional 1,076 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in E*TRADE Financial by 2.5% in the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 45,052 shares of the financial services provider’s stock worth $2,360,000 after purchasing an additional 1,096 shares in the last quarter. Finally, Greenwood Capital Associates LLC lifted its position in shares of E*TRADE Financial by 24.7% during the 2nd quarter. Greenwood Capital Associates LLC now owns 6,620 shares of the financial services provider’s stock valued at $405,000 after buying an additional 1,310 shares in the last quarter. Institutional investors and hedge funds own 94.66% of the company’s stock.

E*TRADE Financial Company Profile

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand. It also offers investor-focused banking products, primarily sweep deposits to retail investors; Federal Deposit Insurance Corporation insurance services; clearing and settlement services; investment advisory services; and financial corporate services, such as software and services for managing equity compensation plans to its corporate clients.

Further Reading: Average Daily Trade Volume – What You Need to Know

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

Receive News & Ratings for E*TRADE Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for E*TRADE Financial and related companies with MarketBeat.com's FREE daily email newsletter.