E*TRADE Financial (NASDAQ:ETFC) Price Target Raised to $55.00

E*TRADE Financial (NASDAQ:ETFC) had its price target increased by Keefe, Bruyette & Woods from $53.00 to $55.00 in a research report released on Friday, BenzingaRatingsTable reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

Several other analysts have also recently issued reports on ETFC. Morgan Stanley upped their price objective on shares of Visa from $175.00 to $191.00 and gave the company an overweight rating in a research note on Thursday, July 11th. JMP Securities upped their price objective on shares of E*TRADE Financial to $63.00 and gave the company a market perform rating in a research note on Friday. Zacks Investment Research cut shares of Hammerson from a hold rating to a sell rating in a research note on Friday, May 24th. Barclays upped their price objective on shares of from $65.00 to $100.00 and gave the company an overweight rating in a research note on Friday. Finally, Compass Point set a $52.00 price objective on shares of E*TRADE Financial and gave the company a buy rating in a research note on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $57.71.

Shares of NASDAQ ETFC opened at $47.60 on Friday. E*TRADE Financial has a 12-month low of $40.41 and a 12-month high of $62.12. The stock has a market cap of $11.65 billion, a PE ratio of 12.24, a PEG ratio of 1.11 and a beta of 1.15. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.24 and a current ratio of 0.27. The company’s 50-day simple moving average is $45.79.

E*TRADE Financial (NASDAQ:ETFC) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.02. E*TRADE Financial had a net margin of 36.75% and a return on equity of 18.44%. The company had revenue of $685.00 million during the quarter, compared to analysts’ expectations of $751.35 million. During the same quarter in the prior year, the company earned $0.95 EPS. E*TRADE Financial’s revenue was down 3.5% compared to the same quarter last year. On average, research analysts anticipate that E*TRADE Financial will post 4.25 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Monday, August 19th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.56 annualized dividend and a dividend yield of 1.18%. E*TRADE Financial’s dividend payout ratio (DPR) is 14.40%.

In other news, Director Rodger A. Lawson sold 41,322 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were 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 owns 114,753 shares of the company’s stock, valued at approximately $5,523,061.89. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of E*TRADE Financial by 32.0% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 915 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 222 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of E*TRADE Financial by 0.8% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 33,283 shares of the financial services provider’s stock worth $1,545,000 after acquiring an additional 259 shares during the last quarter. ETF Managers Group LLC lifted its holdings in shares of E*TRADE Financial by 11.3% in the 1st quarter. ETF Managers Group LLC now owns 2,587 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 262 shares during the last quarter. FDx Advisors Inc. lifted its holdings in shares of E*TRADE Financial by 3.9% in the 2nd quarter. FDx Advisors Inc. now owns 7,032 shares of the financial services provider’s stock worth $314,000 after acquiring an additional 267 shares during the last quarter. Finally, Cozad Asset Management Inc. lifted its holdings in shares of E*TRADE Financial by 4.3% in the 1st quarter. Cozad Asset Management Inc. now owns 7,200 shares of the financial services provider’s stock worth $334,000 after acquiring an additional 300 shares during the last quarter. 91.61% of the stock is owned by institutional investors and hedge funds.

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.

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

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