Deutsche Bank Raises E*TRADE Financial (NASDAQ:ETFC) Price Target to $45.00

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E*TRADE Financial (NASDAQ:ETFC) had its price target lifted by Deutsche Bank from $44.00 to $45.00 in a research note released on Friday, BenzingaRatingsTable reports. They currently have a hold rating on the financial services provider’s stock.

Several other equities analysts have also recently weighed in on ETFC. JMP Securities lifted their price target on E*TRADE Financial from $50.00 to $53.00 and gave the company a market outperform rating in a research report on Monday, January 13th. Raymond James lifted their price target on E*TRADE Financial from $45.00 to $47.00 and gave the company an outperform rating in a research report on Friday, October 18th. Jefferies Financial Group set a $44.00 price target on E*TRADE Financial and gave the company a buy rating in a research report on Thursday, October 10th. Barclays lifted their price target on E*TRADE Financial from $39.00 to $41.00 and gave the company an underweight rating in a research report on Monday, January 13th. Finally, Wells Fargo & Co boosted their target price on E*TRADE Financial from $40.00 to $48.00 and gave the stock an equal weight rating in a research report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $48.79.

Shares of NASDAQ ETFC opened at $44.34 on Friday. The stock has a market cap of $11.16 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.61 and a beta of 1.22. E*TRADE Financial has a fifty-two week low of $34.68 and a fifty-two week high of $52.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.28 and a current ratio of 0.29. The stock has a fifty day moving average of $45.84 and a 200-day moving average of $43.78.

E*TRADE Financial (NASDAQ:ETFC) last announced its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.01. The company had revenue of $679.00 million during the quarter, compared to analysts’ expectations of $672.06 million. E*TRADE Financial had a return on equity of 17.09% and a net margin of 33.09%. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.06 earnings per share. On average, sell-side analysts predict that E*TRADE Financial will post 3.64 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 25th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Monday, February 24th. E*TRADE Financial’s payout ratio is 13.90%.

Large investors have recently modified their holdings of the company. Voya Financial Advisors Inc. increased its holdings in shares of E*TRADE Financial by 5.5% in the 3rd quarter. Voya Financial Advisors Inc. now owns 6,752 shares of the financial services provider’s stock worth $292,000 after buying an additional 355 shares during the last quarter. 180 Wealth Advisors LLC bought a new position in shares of E*TRADE Financial in the 3rd quarter worth $587,000. BlackRock Inc. increased its holdings in shares of E*TRADE Financial by 2.4% in the 2nd quarter. BlackRock Inc. now owns 19,972,522 shares of the financial services provider’s stock worth $890,775,000 after buying an additional 469,538 shares during the last quarter. Boston Partners increased its holdings in shares of E*TRADE Financial by 14.1% in the 3rd quarter. Boston Partners now owns 5,615,439 shares of the financial services provider’s stock worth $245,319,000 after buying an additional 693,350 shares during the last quarter. Finally, Penserra Capital Management LLC increased its holdings in shares of E*TRADE Financial by 12.4% in the 3rd quarter. Penserra Capital Management LLC now owns 3,162 shares of the financial services provider’s stock worth $137,000 after buying an additional 348 shares during the last quarter. 84.10% of the stock is currently owned by hedge funds and other institutional investors.

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

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