Economy

E*TRADE Financial Corporation (NASDAQ:ETFC) Broker Price Targets For The Coming Week

E*TRADE Financial Corporation (ETFC) traded down 0.675% during mid-day trading on Friday, reaching $43.395. Also, Director James P. Healy acquired 5,000 shares of the firm's stock in a transaction on Tuesday, July 25th. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The stock of E*TRADE Financial Corp (NASDAQ:ETFC) earned "Outperform" rating by Credit Suisse on Wednesday, September 21. The disclosure for this sale can be found here.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in E*TRADE Financial Corporation by 0.5% during the 2nd quarter. Advisors Asset Management Inc. boosted its holdings in shares of E*TRADE Financial Corporation by 80.8% in the 2nd quarter. FMR LLC grew its holdings in shares of E*TRADE Financial Corporation by 24.3% in the second quarter. Krilogy Financial LLC raised its stake in shares of E*TRADE Financial Corporation by 7.5% during the 2nd quarter. FMR LLC now owns 10,737,023 shares of the financial services provider's stock valued at $408,329,000 after acquiring an additional 2,096,445 shares in the last quarter. Finally, Financial Counselors Inc. purchased a new stake in E*TRADE Financial Corporation during the 2nd quarter worth approximately $203,000. The percentage of shares being held by the company management was 15.84% while institutional stake was 89%.

In the most updated research from a number of analysts on Wall Street, the company gets 11 Buys and 0 Sell among 15 analysts. E*TRADE Financial Corporation has an average rating of "Buy" and an average target price of $44.94.

The collective rating of 2.1 for E*TRADE Financial Corporation (NASDAQ:ETFC) also leans strongly towards the neutral end of the spectrum. They now have a United States dollars 43 price target on the stock. Keefe, Bruyette & Woods reaffirmed a "hold" rating and issued a $43.00 price target on shares of E*TRADE Financial Corporation in a research note on Friday, July 14th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. E*TRADE Financial Corporation now has a consensus rating of "Buy" and an average target price of $44.25.

07/21/2017 - E*TRADE Financial Corporation had its "outperform" rating reiterated by analysts at Robert W. Baird. The stock has a market capitalization of $11.95 billion, a P/E ratio of 20.278 and a beta of 1.47. The day began at US$148.29 but the price moved to US$147.275 at one point during the trading and finally capitulating to a session high of US$152.045. E*TRADE Financial Corporation has a 1-year low of $27.33 and a 1-year high of $45.70.

Summit Group Lc holds 0.13% of its portfolio in E*TRADE Financial Corp (NASDAQ:ETFC) for 19,159 shares. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04.

E*TRADE Financial Corporation (NASDAQ:ETFC) appreciated by 0.32% at $43.92, after hitting low of $43.8 in an intra-day trade. The company had revenue of $599.00 million during the quarter, compared to the consensus estimate of $598.96 million. E*TRADE Financial Corporation earnings have risen with an annualized rate of 29.6% over the last 5 years. The firm's quarterly revenue was up 23.3% on a year-over-year basis.

07/25/2017 - E*TRADE Financial Corporation had its "equal-weight" rating reiterated by analysts at Morgan Stanley.

E*TRADE Financial Corporation declared that its board has approved a stock repurchase program on Thursday, July 20th that permits the company to buyback $1.00 billion in shares. This repurchase authorization allows the financial services provider to buy up to 9.2% of its shares through open market purchases. Bottom line, we continue to see optionality in ETFC's valuation as we believe the option to sell remains on the table, and the board will evaluate that, while the company also continues to takes steps that it believes will enhance growth, which hopefully leads to an increase in perceived value by the market.

Southpoint Capital Advisors Lp decreased E Trade Financial Corp (ETFC) stake by 3.1% reported in 2017Q2 SEC filing. If you are accessing this piece on another site, it was stolen and republished in violation of United States and global copyright law.



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