A number of other equities analysts have also recently commented on ETFC. Zacks Investment Research cut shares of E*TRADE Financial from a buy rating to a hold rating in a research note on Monday, January 7th. Morgan Stanley set a $62.00 price objective on shares of E*TRADE Financial and gave the company a buy rating in a research report on Tuesday, January 29th. Barclays boosted their price objective on shares of E*TRADE Financial to $55.00 and gave the company an overweight rating in a research report on Friday, January 25th. Finally, ValuEngine raised shares of E*TRADE Financial from a sell rating to a hold rating in a research report on Wednesday, January 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $59.92.
ETFC stock opened at $50.46 on Tuesday. E*TRADE Financial has a 12 month low of $40.41 and a 12 month high of $66.46. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.24 and a quick ratio of 0.28. The stock has a market cap of $12.26 billion, a P/E ratio of 12.97, a PEG ratio of 1.11 and a beta of 1.14.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be given a $0.14 dividend. The ex-dividend date is Friday, May 10th. This represents a $0.56 annualized dividend and a yield of 1.11%. E*TRADE Financial’s dividend payout ratio (DPR) is 14.40%.
In other E*TRADE Financial news, CEO Karl A. Roessner sold 45,724 shares of the business’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $47.35, for a total value of $2,165,031.40. Following the completion of the sale, the chief executive officer now directly owns 175,092 shares of the company’s stock, valued at approximately $8,290,606.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert J. Chersi acquired 2,200 shares of the stock in a transaction on Wednesday, January 30th. The stock was bought at an average cost of $46.24 per share, with a total value of $101,728.00. Following the completion of the transaction, the director now owns 3,253 shares in the company, valued at $150,418.72. The disclosure for this purchase can be found here. 0.20% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of ETFC. Advisors Asset Management Inc. raised its holdings in shares of E*TRADE Financial by 46.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 50,139 shares of the financial services provider’s stock valued at $2,627,000 after purchasing an additional 15,899 shares in the last quarter. Kentucky Retirement Systems bought a new stake in shares of E*TRADE Financial in the 3rd quarter valued at about $466,000. Neuberger Berman Group LLC raised its holdings in shares of E*TRADE Financial by 45.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 6,107 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 1,909 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in shares of E*TRADE Financial by 2.3% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 3,131,100 shares of the financial services provider’s stock valued at $164,038,000 after purchasing an additional 71,481 shares in the last quarter. Finally, Standard Life Aberdeen plc raised its holdings in shares of E*TRADE Financial by 9.5% in the 3rd quarter. Standard Life Aberdeen plc now owns 87,924 shares of the financial services provider’s stock valued at $4,608,000 after purchasing an additional 7,594 shares in the last quarter. Institutional investors and hedge funds own 93.88% of the company’s stock.
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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