E*TRADE Financial Corp (NASDAQ:ETFC) has been assigned an average recommendation of “Buy” from the eighteen analysts that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $50.40.
Several research firms have weighed in on ETFC. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $58.00 price objective on shares of E*TRADE Financial in a report on Thursday. Morgan Stanley upgraded E*TRADE Financial from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $44.00 to $43.00 in a report on Wednesday, January 3rd. Jefferies Group reiterated a “hold” rating and issued a $56.00 price objective on shares of E*TRADE Financial in a report on Monday. Wells Fargo & Co restated an “outperform” rating and issued a $60.00 target price (up previously from $51.00) on shares of E*TRADE Financial in a research note on Thursday, January 4th. Finally, Barclays raised their target price on E*TRADE Financial from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Tuesday, October 10th.
E*TRADE Financial (NASDAQ ETFC) traded up $0.27 during midday trading on Monday, reaching $52.96. The company’s stock had a trading volume of 1,519,676 shares, compared to its average volume of 2,168,785. E*TRADE Financial has a 1-year low of $32.25 and a 1-year high of $53.65. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.26. The stock has a market cap of $14,220.00, a PE ratio of 24.86, a P/E/G ratio of 1.16 and a beta of 1.46.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ETFC. Quadrant Capital Group LLC raised its stake in E*TRADE Financial by 21.8% during the second quarter. Quadrant Capital Group LLC now owns 3,436 shares of the financial services provider’s stock valued at $121,000 after buying an additional 614 shares during the last quarter. Advisors Asset Management Inc. raised its stake in E*TRADE Financial by 80.8% during the second quarter. Advisors Asset Management Inc. now owns 3,239 shares of the financial services provider’s stock valued at $123,000 after buying an additional 1,448 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in E*TRADE Financial during the third quarter valued at $136,000. Krilogy Financial LLC raised its stake in E*TRADE Financial by 7.5% during the second quarter. Krilogy Financial LLC now owns 3,710 shares of the financial services provider’s stock valued at $141,000 after buying an additional 260 shares during the last quarter. Finally, Financial Counselors Inc. purchased a new position in E*TRADE Financial during the second quarter valued at $203,000. Institutional investors own 94.14% of the company’s stock.
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About E*TRADE Financial
E*Trade Financial Corporation is a financial services company. The Company provides online brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial. The Company also provides investor-focused banking products, primarily sweep deposits, to retail investors.
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