E*TRADE Financial (NASDAQ:ETFC) had its price target cut by Barclays from $65.00 to $60.00 in a report published on Friday morning, Marketbeat.com reports. They currently have an overweight rating on the financial services provider’s stock.

A number of other equities analysts have also recently weighed in on the company. Jefferies Financial Group raised E*TRADE Financial from a hold rating to a buy rating and set a $65.00 price target for the company in a report on Wednesday, September 19th. They noted that the move was a valuation call. Zacks Investment Research raised E*TRADE Financial from a hold rating to a buy rating and set a $61.00 price target for the company in a report on Tuesday, September 25th. BidaskClub cut E*TRADE Financial from a sell rating to a strong sell rating in a report on Friday, September 14th. Wolfe Research started coverage on E*TRADE Financial in a report on Tuesday, September 25th. They issued a market perform rating for the company. Finally, Morgan Stanley set a $70.00 price target on E*TRADE Financial and gave the stock a buy rating in a report on Tuesday, September 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $66.44.

NASDAQ ETFC opened at $49.08 on Friday. E*TRADE Financial has a fifty-two week low of $42.55 and a fifty-two week high of $66.46. The firm has a market capitalization of $12.95 billion, a PE ratio of 14.14, a P/E/G ratio of 0.82 and a beta of 1.09. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32.

E*TRADE Financial (NASDAQ:ETFC) last released its quarterly earnings results on Thursday, October 18th. The financial services provider reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.17. E*TRADE Financial had a return on equity of 15.45% and a net margin of 32.83%. The company had revenue of $720.00 million during the quarter, compared to analysts’ expectations of $710.62 million. During the same period in the previous year, the firm posted $0.49 earnings per share. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. As a group, research analysts predict that E*TRADE Financial will post 3.73 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Tuesday, October 30th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Monday, October 29th.

Several large investors have recently made changes to their positions in ETFC. BlackRock Inc. grew its position in shares of E*TRADE Financial by 16.7% in the second quarter. BlackRock Inc. now owns 25,360,724 shares of the financial services provider’s stock valued at $1,551,060,000 after purchasing an additional 3,638,467 shares during the period. Voya Investment Management LLC grew its position in shares of E*TRADE Financial by 2,043.1% in the second quarter. Voya Investment Management LLC now owns 2,921,063 shares of the financial services provider’s stock valued at $178,653,000 after purchasing an additional 2,784,761 shares during the period. FMR LLC grew its position in shares of E*TRADE Financial by 10.5% in the second quarter. FMR LLC now owns 15,313,266 shares of the financial services provider’s stock valued at $936,560,000 after purchasing an additional 1,452,296 shares during the period. Calamos Advisors LLC purchased a new stake in E*TRADE Financial during the second quarter valued at about $64,217,000. Finally, Bank of Montreal Can purchased a new stake in E*TRADE Financial during the second quarter valued at about $48,434,000. 90.89% of the stock is owned by institutional investors and hedge funds.

About E*TRADE Financial

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand. It also offers investor-focused banking products, primarily sweep deposits to retail investors; Federal Deposit Insurance Corporation insurance services; clearing and settlement services; investment advisory services; and financial corporate services, such as software and services for managing equity compensation plans to its corporate clients.

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

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