E*TRADE Financial Corp (NASDAQ:ETFC) shares reached a new 52-week high during trading on Monday . The stock traded as high as $50.45 and last traded at $48.89, with a volume of 2924400 shares. The stock had previously closed at $48.14.

ETFC has been the subject of several analyst reports. Barclays initiated coverage on shares of E*TRADE Financial in a report on Friday, September 8th. They set an “overweight” rating and a $45.00 price target for the company. Deutsche Bank boosted their price target on shares of E*TRADE Financial from $48.00 to $49.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Bank of America upgraded shares of E*TRADE Financial from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $44.00 to $49.00 in a report on Monday, October 9th. SunTrust Banks reiterated a “buy” rating and set a $50.00 price target on shares of E*TRADE Financial in a report on Friday, October 20th. Finally, Zacks Investment Research upgraded shares of E*TRADE Financial from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Tuesday, October 10th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $47.40.

The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market cap of $13,544.44, a price-to-earnings ratio of 25.52, a PEG ratio of 1.79 and a beta of 1.45.

E*TRADE Financial (NASDAQ:ETFC) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. E*TRADE Financial had a net margin of 27.35% and a return on equity of 9.34%. The business had revenue of $599.00 million during the quarter, compared to analysts’ expectations of $598.96 million. During the same quarter in the prior year, the business posted $0.51 EPS. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. research analysts predict that E*TRADE Financial Corp will post 2.26 earnings per share for the current year.

In related news, insider Michael John Curcio sold 33,474 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $40.38, for a total value of $1,351,680.12. Following the completion of the sale, the insider now owns 267,151 shares in the company, valued at approximately $10,787,557.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Karl A. Roessner sold 8,578 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $40.49, for a total transaction of $347,323.22. Following the completion of the sale, the chief executive officer now owns 225,731 shares of the company’s stock, valued at approximately $9,139,848.19. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC purchased a new position in shares of E*TRADE Financial in the 3rd quarter valued at about $136,000. Advisors Asset Management Inc. increased its holdings in shares of E*TRADE Financial by 80.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 3,239 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 1,448 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of E*TRADE Financial by 21.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 3,436 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 614 shares in the last quarter. Krilogy Financial LLC increased its holdings in shares of E*TRADE Financial by 7.5% in the 2nd quarter. Krilogy Financial LLC now owns 3,710 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 260 shares in the last quarter. Finally, Visionary Asset Management Inc. purchased a new position in shares of E*TRADE Financial in the 3rd quarter valued at about $209,000. Hedge funds and other institutional investors own 94.32% of the company’s stock.

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E*TRADE Financial Company Profile

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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