E*TRADE Financial (NASDAQ:ETFC) had its price objective increased by JMP Securities to $63.00 in a report released on Friday, The Fly reports. They currently have a market perform rating on the financial services provider’s stock.

Other analysts have also recently issued reports about the stock. Compass Point set a $52.00 price objective on shares of E*TRADE Financial and gave the stock a buy rating in a research note on Tuesday, July 2nd. Zacks Investment Research cut shares of Hammerson from a hold rating to a sell rating in a research note on Friday, May 24th. BidaskClub cut shares of Zebra Technologies from a hold rating to a sell rating in a research note on Friday, May 24th. Finally, Morgan Stanley upped their target price 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $57.71.

Shares of E*TRADE Financial stock opened at $47.60 on Friday. The business has a fifty day moving average price of $45.79. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.27 and a quick ratio of 0.24. E*TRADE Financial has a 1-year low of $40.41 and a 1-year high of $62.12. The firm has a market capitalization of $11.65 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 1.11 and a beta of 1.15.

E*TRADE Financial (NASDAQ:ETFC) last issued its quarterly earnings data on Thursday, July 18th. The financial services provider reported $1.12 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $685.00 million during the quarter, compared to analysts’ expectations of $751.35 million. During the same period in the previous year, the company earned $0.95 earnings per share. E*TRADE Financial’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, equities research analysts anticipate that E*TRADE Financial will post 4.25 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Monday, August 19th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, August 16th. E*TRADE Financial’s payout ratio is currently 14.40%.

In related news, Director Rodger A. Lawson sold 41,322 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $48.13, for a total transaction of $1,988,827.86. Following the completion of the transaction, the director now directly owns 114,753 shares in the company, valued at approximately $5,523,061.89. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Liberty Wealth Management LLC acquired a new position in shares of E*TRADE Financial in the 4th quarter valued at $27,000. Arrow Financial Corp acquired a new position in shares of E*TRADE Financial in the 1st quarter valued at $39,000. Bronfman E.L. Rothschild L.P. raised its stake 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 valued at $40,000 after buying an additional 222 shares in the last quarter. NuWave Investment Management LLC raised its stake in shares of E*TRADE Financial by 2,834.3% in the 1st quarter. NuWave Investment Management LLC now owns 1,027 shares of the financial services provider’s stock valued at $48,000 after buying an additional 992 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of E*TRADE Financial by 1,111.1% in the 1st quarter. Valeo Financial Advisors LLC now owns 1,090 shares of the financial services provider’s stock valued at $51,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 91.61% of the company’s stock.

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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The Fly

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

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