E*TRADE's several restructuring measures and balance-sheet growth plans keep us encouraged.
A number of other research firms have also recently issued reports on ETFC. Finally, Nomura restated a "neutral" rating on shares of Stifel Financial Corp in a report on Tuesday, May 23rd. SunTrust Banks, Inc. reaffirmed a buy rating and issued a $50.00 price target on shares of E*TRADE Financial Corporation in a research note on Monday, September 18th. The company realized a fall in short interest from September 15, 2017 to September 29, 2017 of -6.91%. Jefferies Group LLC reaffirmed a hold rating on shares of E*TRADE Financial Corporation in a research note on Monday, July 10th. Finally, Robert W. Baird reiterated an outperform rating and issued a $49.00 target price (up from $43.00) on shares of E*TRADE Financial Corporation in a research note on Saturday, July 22nd. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. They now have a $49 target on the company. Over the past twelve months, E*TRADE Financial Corporation (NASDAQ:ETFC)'s stock was 26.93%. 639,030 shares of the company's stock were exchanged. The company has a market cap of $12.05 billion, a P/E ratio of 20.44 and a beta of 1.47. The stock was sold at an average price of $39.41, for a total transaction of $587,130.18. Stifel Financial Corporation has a 12 month low of $36.71 and a 12 month high of $56.62.
E*TRADE Financial Corporation (NASDAQ:ETFC) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.48 by $0.04. The business had revenue of $577.00 million during the quarter, compared to the consensus estimate of $553.31 million. E*TRADE Financial Corporation had a net margin of 28.42% and a return on equity of 9.06%. The company's quarterly revenue was up 11.3% compared to the same quarter a year ago.
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ILLEGAL ACTIVITY WARNING: This story was first published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this news story on another publication, it was illegally copied and republished in violation of US and global trademark & copyright laws. Moreover, Junto Capital Management Lp has 4.94% invested in the company for 1.48 million shares. The fund owned 54,914 shares of the financial services provider's stock after buying an additional 2,820 shares during the period. Stock buyback plans are generally an indication that the company's board of directors believes its shares are undervalued.
In related news, CFO Michael A. Pizzi sold 9,977 shares of the company's stock in a transaction on Friday, August 18th. The shares were bought at an average price of $50.03 per share, for a total transaction of $225,135.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Following the transaction, the director now owns 6,684 shares in the company, valued at approximately $321,366.72. The disclosure for this purchase can be found here. Institutional investors own 92.64% of the company's stock. Eagle Asset Management Inc. raised its position in shares of Stifel Financial Corp by 1.8% in the first quarter. UBS Asset Management Americas Inc. now owns 684,806 shares of the financial services provider's stock valued at $23,893,000 after purchasing an additional 51,389 shares during the last quarter. FMR LLC raised its position in shares of Stifel Financial Corp by 27.5% in the fourth quarter. FMR LLC now owns 1,376,900 shares of the financial services provider's stock valued at $68,776,000 after buying an additional 296,700 shares during the last quarter. Alliancebernstein L.P. raised its stake in E*TRADE Financial Corporation by 2.3% during the 1st quarter. Ngam Lp holds 0.04% of its portfolio in E*TRADE Financial Corp (NASDAQ:ETFC) for 101,058 shares. AXA acquired a new position in E*TRADE Financial Corporation during the 1st quarter valued at $621,000. Exane Derivatives bought a new stake in shares of E*TRADE Financial Corporation during the second quarter worth about $130,000. Principal Financial Group Inc. now owns 430,925 shares of the financial services provider's stock valued at $15,035,000 after purchasing an additional 15,917 shares during the last quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Gotham Asset Mngmt Ltd Co has invested 0% in E*TRADE Financial Corp (NASDAQ:ETFC). These branches provide securities brokerage services, including the sale of equities, mutual funds, fixed income products and insurance, as well as offers banking products to its private clients through Stifel Bank, which provides residential, consumer and commercial lending, as well as the Federal Deposit Insurance Corporation (FDIC)-insured deposit accounts to customers of its broker-dealer subsidiaries and to the general public.
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