Equities researchers at Wolfe Research assumed coverage on shares of E*TRADE Financial (NASDAQ:ETFC) in a research note issued to investors on Tuesday, The Fly reports. The firm set a “market perform” rating on the financial services provider’s stock.

A number of other equities research analysts have also commented on ETFC. BidaskClub lowered E*TRADE Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Zacks Investment Research lowered E*TRADE Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. Morgan Stanley set a $70.00 price target on E*TRADE Financial and gave the stock a “buy” rating in a research report on Tuesday, September 18th. ValuEngine lowered E*TRADE Financial from a “buy” rating to a “hold” rating in a research report on Saturday, July 14th. Finally, Credit Suisse Group decreased their price target on E*TRADE Financial from $79.00 to $77.00 and set an “outperform” rating on the stock in a research report on Friday, July 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $67.56.

Shares of ETFC stock traded down $0.33 during trading hours on Tuesday, hitting $54.08. The company had a trading volume of 225,556 shares, compared to its average volume of 2,971,786. E*TRADE Financial has a 12 month low of $41.50 and a 12 month high of $66.46. The firm has a market cap of $14.52 billion, a P/E ratio of 24.69, a P/E/G ratio of 0.95 and a beta of 1.13. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.43.

E*TRADE Financial (NASDAQ:ETFC) last released its quarterly earnings results on Thursday, July 19th. The financial services provider reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.07. The business had revenue of $710.00 million for the quarter, compared to analyst estimates of $707.78 million. E*TRADE Financial had a return on equity of 13.39% and a net margin of 29.13%. E*TRADE Financial’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 EPS. sell-side analysts forecast that E*TRADE Financial will post 3.6 EPS for the current year.

A number of large investors have recently bought and sold shares of ETFC. Blackhawk Capital Partners LLC. lifted its holdings in E*TRADE Financial by 81.4% during the 1st quarter. Blackhawk Capital Partners LLC. now owns 1,805 shares of the financial services provider’s stock worth $100,000 after buying an additional 810 shares in the last quarter. Parallel Advisors LLC lifted its holdings in E*TRADE Financial by 362.5% during the 2nd quarter. Parallel Advisors LLC now owns 1,679 shares of the financial services provider’s stock worth $102,000 after buying an additional 1,316 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in E*TRADE Financial during the 2nd quarter worth $119,000. Qube Research & Technologies Ltd acquired a new position in E*TRADE Financial during the 2nd quarter worth $128,000. Finally, NewSquare Capital LLC acquired a new position in E*TRADE Financial during the 2nd quarter worth $163,000. 90.77% 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 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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Analyst Recommendations for E*TRADE Financial (NASDAQ:ETFC)

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