E*TRADE Financial Corp (NASDAQ:ETFC) hit a new 52-week low on Thursday . The stock traded as low as $44.28 and last traded at $44.29, with a volume of 198120 shares. The stock had previously closed at $45.62.

Several equities research analysts have recently weighed in on ETFC shares. Jefferies Financial Group upgraded E*TRADE Financial from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Wednesday, September 19th. They noted that the move was a valuation call. Raymond James downgraded E*TRADE Financial from a “strong-buy” rating to an “outperform” rating and set a $64.00 price target on the stock. in a report on Tuesday, October 30th. Zacks Investment Research upgraded E*TRADE Financial from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a report on Tuesday, September 25th. Wolfe Research started coverage on E*TRADE Financial in a report on Tuesday, September 25th. They issued a “market perform” rating on the stock. Finally, BidaskClub downgraded E*TRADE Financial from a “sell” rating to a “strong sell” rating in a report on Friday, September 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $64.12.

The firm has a market capitalization of $11.42 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 0.69 and a beta of 1.09. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32.

E*TRADE Financial (NASDAQ:ETFC) last released its quarterly earnings data on Thursday, October 18th. The financial services provider reported $1.00 EPS for the quarter, topping the consensus estimate of $0.83 by $0.17. The company had revenue of $720.00 million for the quarter, compared to the consensus estimate of $710.62 million. E*TRADE Financial had a return on equity of 15.45% and a net margin of 32.83%. E*TRADE Financial’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS. On average, analysts forecast that E*TRADE Financial Corp will post 3.85 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Tuesday, October 30th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, October 29th. This represents a $0.56 annualized dividend and a yield of 1.27%. E*TRADE Financial’s payout ratio is currently 25.57%.

E*TRADE Financial announced that its Board of Directors has initiated a stock repurchase plan on Thursday, October 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 7.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

In related news, Chairman Rodger A. Lawson bought 5,000 shares of the company’s stock in a transaction on Friday, November 2nd. The shares were acquired at an average price of $51.26 per share, with a total value of $256,300.00. Following the transaction, the chairman now owns 109,191 shares of the company’s stock, valued at $5,597,130.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Rodger A. Lawson bought 10,000 shares of the company’s stock in a transaction on Monday, November 5th. The shares were bought at an average cost of $51.27 per share, for a total transaction of $512,700.00. Following the transaction, the insider now directly owns 109,191 shares in the company, valued at approximately $5,598,222.57. The disclosure for this purchase can be found here. Insiders have acquired a total of 37,668 shares of company stock worth $1,912,154 in the last ninety days. Insiders own 0.12% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in E*TRADE Financial by 16.7% during the 2nd quarter. BlackRock Inc. now owns 25,360,724 shares of the financial services provider’s stock valued at $1,551,060,000 after acquiring an additional 3,638,467 shares in the last quarter. FMR LLC boosted its position in shares of E*TRADE Financial by 10.5% in the 2nd quarter. FMR LLC now owns 15,313,266 shares of the financial services provider’s stock worth $936,560,000 after purchasing an additional 1,452,296 shares in the last quarter. Primecap Management Co. CA boosted its position in shares of E*TRADE Financial by 1.9% in the 3rd quarter. Primecap Management Co. CA now owns 13,115,825 shares of the financial services provider’s stock worth $687,138,000 after purchasing an additional 238,300 shares in the last quarter. First Trust Advisors LP boosted its position in shares of E*TRADE Financial by 23.3% in the 3rd quarter. First Trust Advisors LP now owns 4,659,032 shares of the financial services provider’s stock worth $244,087,000 after purchasing an additional 879,210 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position 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 worth $164,038,000 after purchasing an additional 71,481 shares in the last quarter. 93.98% of the stock is currently owned by institutional investors and hedge funds.

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E*TRADE Financial Company Profile (NASDAQ:ETFC)

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand. It also offers investor-focused banking products, primarily sweep deposits to retail investors; Federal Deposit Insurance Corporation insurance services; clearing and settlement services; investment advisory services; and financial corporate services, such as software and services for managing equity compensation plans to its corporate clients.

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