E*TRADE Financial Corp (NASDAQ:ETFC) has been given an average recommendation of “Hold” by the fifteen brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $47.83.
ETFC has been the topic of a number of recent analyst reports. BidaskClub lowered E*TRADE Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 20th. Wells Fargo & Company upped their price target on E*TRADE Financial from $39.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. Zacks Investment Research downgraded E*TRADE Financial from a “buy” rating to a “hold” rating and set a $55.00 price objective for the company. in a research report on Wednesday, July 15th. Compass Point increased their target price on shares of E*TRADE Financial from $41.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Finally, ValuEngine upgraded shares of E*TRADE Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, September 1st.
In related news, insider Michael Jos. Murphy sold 10,000 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $52.72, for a total transaction of $527,200.00. Following the completion of the transaction, the insider now owns 34,367 shares in the company, valued at $1,811,828.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is currently owned by company insiders.
NASDAQ:ETFC traded up $0.83 during trading hours on Wednesday, hitting $53.01. The company had a trading volume of 1,864,444 shares, compared to its average volume of 3,739,279. E*TRADE Financial has a 1 year low of $25.76 and a 1 year high of $57.30. The company has a market cap of $11.72 billion, a P/E ratio of 15.41 and a beta of 1.24. The company has a 50-day moving average of $53.09 and a 200 day moving average of $45.66. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.23.
E*TRADE Financial (NASDAQ:ETFC) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.12. E*TRADE Financial had a net margin of 28.69% and a return on equity of 14.59%. The firm had revenue of $716.00 million during the quarter, compared to analyst estimates of $678.03 million. On average, analysts forecast that E*TRADE Financial will post 3.11 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Wednesday, August 19th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.06%. The ex-dividend date was Tuesday, August 18th. E*TRADE Financial’s dividend payout ratio (DPR) is presently 13.90%.
About E*TRADE Financial
E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services for traders, investors, stock plan administrators and participants, and registered investment advisors (RIAs). It also offers investor-focused banking products, primarily sweep deposits to customers; clearing and settlement services; Federal Deposit Insurance Corporation insurance services; custody solutions to RIAs; other banking and cash management services; software and services for managing equity compensation plans to its corporate clients; retail futures transaction services; and investment advisory services.
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