E*TRADE Financial Corp (NASDAQ:ETFC) Director Rodger A. Lawson sold 41,322 shares of the business’s stock in a transaction on 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 completion of the sale, the director now directly 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 SEC, which is accessible through this link.
NASDAQ:ETFC opened at $45.49 on Thursday. E*TRADE Financial Corp has a 52-week low of $40.41 and a 52-week high of $65.79. The company has a market cap of $11.41 billion, a P/E ratio of 11.69, a PEG ratio of 0.98 and a beta of 1.24. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.28.
E*TRADE Financial (NASDAQ:ETFC) last posted its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $0.93 by $0.16. The business had revenue of $755.00 million during the quarter, compared to analysts’ expectations of $738.04 million. E*TRADE Financial had a return on equity of 18.06% and a net margin of 37.50%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the firm earned $0.88 EPS. On average, research analysts expect that E*TRADE Financial Corp will post 4.36 EPS for the current fiscal year.
The company 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 annualized dividend and a yield of 1.23%. E*TRADE Financial’s dividend payout ratio is presently 14.40%.
Several brokerages have issued reports on ETFC. BidaskClub raised shares of E*TRADE Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Zacks Investment Research raised shares of E*TRADE Financial from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Thursday, May 9th. Finally, UBS Group cut shares of E*TRADE Financial from a “buy” rating to a “neutral” rating and lowered their price target for the company from $58.00 to $51.00 in a research report on Wednesday, February 20th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $58.45.
Several large investors have recently made changes to their positions in ETFC. Two Sigma Advisers LP purchased a new stake in E*TRADE Financial during the 4th quarter valued at about $15,197,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in E*TRADE Financial during the 4th quarter valued at approximately $506,000. FTB Advisors Inc. purchased a new stake in E*TRADE Financial during the 4th quarter valued at approximately $113,000. Calamos Advisors LLC grew its holdings in shares of E*TRADE Financial by 1.8% in the fourth quarter. Calamos Advisors LLC now owns 1,677,061 shares of the financial services provider’s stock valued at $73,589,000 after purchasing an additional 30,080 shares in the last quarter. Finally, AGF Investments Inc. grew its holdings in shares of E*TRADE Financial by 31.5% in the fourth quarter. AGF Investments Inc. now owns 1,780,778 shares of the financial services provider’s stock valued at $78,141,000 after purchasing an additional 426,628 shares in the last quarter. 91.48% of the stock is owned by institutional investors and hedge funds.
E*TRADE Financial Company Profile
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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