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

A number of other research analysts have also recently commented on the company. Zacks Investment Research raised E*TRADE Financial from a hold rating to a buy rating and set a $56.00 price target on the stock in a research report on Thursday, May 9th. Morgan Stanley upped 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. Barclays upped 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. UBS Group cut E*TRADE Financial from a buy rating to a neutral rating and dropped their price target for the company from $58.00 to $51.00 in a research report on Wednesday, February 20th. Finally, ValuEngine cut E*TRADE Financial from a hold rating to a sell rating in a research report on Friday, January 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. E*TRADE Financial presently has a consensus rating of Buy and an average price target of $59.58.

NASDAQ ETFC opened at $46.85 on Friday. The company has a market capitalization of $11.46 billion, a PE ratio of 12.04, a P/E/G ratio of 1.02 and a beta of 1.16. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.24 and a quick ratio of 0.24. E*TRADE Financial has a 12 month low of $40.41 and a 12 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.16. E*TRADE Financial had a return on equity of 18.06% and a net margin of 37.50%. The business had revenue of $755.00 million during the quarter, compared to the consensus estimate of $738.04 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. E*TRADE Financial’s revenue was up 6.6% compared to the same quarter last year. On average, sell-side analysts forecast that E*TRADE Financial will post 4.35 earnings per share for the current year.

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

In related news, Director Rodger A. Lawson sold 41,322 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $48.13, for a total transaction of $1,988,827.86. Following the sale, the director now owns 114,753 shares of the company’s stock, valued at approximately $5,523,061.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Neuberger Berman Group LLC increased its stake in E*TRADE Financial by 45.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 6,107 shares of the financial services provider’s stock worth $320,000 after acquiring an additional 1,909 shares during the last quarter. Virtu Financial LLC lifted its position in shares of E*TRADE Financial by 23.3% in the fourth quarter. Virtu Financial LLC now owns 7,691 shares of the financial services provider’s stock worth $337,000 after buying an additional 1,451 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of E*TRADE Financial by 46.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,845 shares of the financial services provider’s stock worth $125,000 after buying an additional 900 shares in the last quarter. FNY Investment Advisers LLC lifted its position in shares of E*TRADE Financial by 100.0% in the fourth quarter. FNY Investment Advisers LLC now owns 1,000 shares of the financial services provider’s stock worth $43,000 after buying an additional 500 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in E*TRADE Financial by 93.0% during the fourth quarter. IFP Advisors Inc now owns 965 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 465 shares during the last quarter. 89.15% of the stock is currently owned by institutional investors and hedge funds.

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

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