E*TRADE Financial (ETFC) Stock Rating Lowered by BidaskClub

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BidaskClub cut shares of E*TRADE Financial (NASDAQ:ETFC) from a hold rating to a sell rating in a report published on Friday, BidAskClub reports.

Other research analysts have also recently issued reports about the company. Zacks Investment Research upgraded E*TRADE Financial from a hold rating to a buy rating and set a $54.00 price target for the company in a research report on Friday, May 17th. UBS Group cut E*TRADE Financial from a buy rating to a neutral rating and reduced their price target for the company from $58.00 to $51.00 in a research report on Wednesday, February 20th. ValuEngine cut E*TRADE Financial from a hold rating to a sell rating in a research report on Friday, January 25th. Morgan Stanley lifted their price target on E*TRADE Financial from $59.00 to $61.00 and gave the company an overweight rating in a research report on Tuesday, May 7th. Finally, Barclays lifted their price target on E*TRADE Financial to $55.00 and gave the company an overweight rating in a research report on Friday, January 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. E*TRADE Financial has a consensus rating of Buy and an average price target of $59.58.

Shares of ETFC stock opened at $46.85 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market cap of $11.46 billion, a P/E ratio of 12.04, a P/E/G ratio of 0.99 and a beta of 1.16. E*TRADE Financial has a twelve month low of $40.41 and a twelve month high of $66.46.

E*TRADE Financial (NASDAQ:ETFC) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.16. The company had revenue of $755.00 million during the quarter, compared to analysts’ expectations of $738.04 million. E*TRADE Financial had a return on equity of 18.06% and a net margin of 37.50%. E*TRADE Financial’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $0.88 earnings per share. As a group, equities analysts predict that E*TRADE Financial will post 4.35 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 13th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Friday, May 10th. E*TRADE Financial’s dividend payout ratio (DPR) is presently 14.40%.

In other news, Director Rodger A. Lawson sold 41,322 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $48.13, for a total value of $1,988,827.86. Following the completion of the sale, the director now directly owns 114,753 shares in the company, valued at $5,523,061.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of ETFC. Primecap Management Co. CA boosted its stake in shares of E*TRADE Financial by 1.7% in the first quarter. Primecap Management Co. CA now owns 13,565,625 shares of the financial services provider’s stock worth $629,852,000 after acquiring an additional 229,900 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of E*TRADE Financial by 19.9% in the fourth quarter. Victory Capital Management Inc. now owns 5,292,883 shares of the financial services provider’s stock worth $232,252,000 after acquiring an additional 878,417 shares during the last quarter. Boston Partners boosted its stake in shares of E*TRADE Financial by 13.9% in the first quarter. Boston Partners now owns 4,660,073 shares of the financial services provider’s stock worth $216,367,000 after acquiring an additional 567,628 shares during the last quarter. Northern Trust Corp boosted its stake in shares of E*TRADE Financial by 0.4% in the fourth quarter. Northern Trust Corp now owns 4,197,323 shares of the financial services provider’s stock worth $184,179,000 after acquiring an additional 14,996 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of E*TRADE Financial by 3.7% in the first quarter. Geode Capital Management LLC now owns 3,550,312 shares of the financial services provider’s stock worth $164,563,000 after acquiring an additional 125,609 shares during the last quarter. Institutional investors and hedge funds own 91.48% 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 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.

Further Reading: How to Profit and Limit Losses With Stop Orders

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

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