ETFC has been the subject of a number of other reports. Jefferies Financial Group downgraded E*TRADE Financial from a buy rating to a hold rating and set a $54.00 price objective for the company. in a report on Monday, February 24th. Wells Fargo & Co increased their price objective on E*TRADE Financial from $35.00 to $39.00 in a report on Monday, April 27th. BidaskClub downgraded E*TRADE Financial from a hold rating to a sell rating in a report on Thursday, March 5th. UBS Group increased their price target on E*TRADE Financial from $41.00 to $43.00 and gave the stock a neutral rating in a report on Friday, April 24th. Finally, JMP Securities cut shares of E*TRADE Financial from an outperform rating to a market perform rating and set a $13.00 price objective on the stock. in a research report on Friday, February 21st. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $45.11.
NASDAQ ETFC traded down $2.98 on Monday, reaching $47.19. The company had a trading volume of 123,901 shares, compared to its average volume of 4,726,451. The firm has a market cap of $11.49 billion, a price-to-earnings ratio of 14.50 and a beta of 1.25. E*TRADE Financial has a fifty-two week low of $25.76 and a fifty-two week high of $57.30. The business has a 50 day moving average of $42.24 and a two-hundred day moving average of $42.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.29 and a quick ratio of 0.29.
E*TRADE Financial (NASDAQ:ETFC) last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.18). The company had revenue of $707.00 million during the quarter, compared to analyst estimates of $721.59 million. E*TRADE Financial had a net margin of 29.81% and a return on equity of 15.84%. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.09 earnings per share. As a group, research analysts predict that E*TRADE Financial will post 2.81 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Wednesday, May 13th were given a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.56 annualized dividend and a yield of 1.19%. E*TRADE Financial’s payout ratio is 13.90%.
Institutional investors have recently bought and sold shares of the business. Optimal Asset Management Inc. increased its stake in shares of E*TRADE Financial by 106.1% during the 1st quarter. Optimal Asset Management Inc. now owns 26,219 shares of the financial services provider’s stock worth $900,000 after purchasing an additional 13,499 shares during the last quarter. APG Asset Management N.V. increased its stake in shares of E*TRADE Financial by 51.3% during the 1st quarter. APG Asset Management N.V. now owns 284,548 shares of the financial services provider’s stock worth $9,766,000 after purchasing an additional 96,470 shares during the last quarter. Soros Fund Management LLC increased its stake in shares of E*TRADE Financial by 6,084.5% during the 1st quarter. Soros Fund Management LLC now owns 428,400 shares of the financial services provider’s stock worth $14,703,000 after purchasing an additional 421,473 shares during the last quarter. Advisor Group Holdings Inc. purchased a new stake in shares of E*TRADE Financial during the 1st quarter worth approximately $963,000. Finally, Pentwater Capital Management LP purchased a new stake in shares of E*TRADE Financial during the 1st quarter worth approximately $32,623,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.
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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