Rodger A. Lawson Sells 32,634 Shares of E*TRADE Financial Corp (NASDAQ:ETFC) Stock

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E*TRADE Financial Corp (NASDAQ:ETFC) Director Rodger A. Lawson sold 32,634 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $44.53, for a total transaction of $1,453,192.02. Following the sale, the director now owns 84,915 shares of the company’s stock, valued at $3,781,264.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NASDAQ:ETFC opened at $44.19 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $10.91 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 2.60 and a beta of 1.22. The firm has a fifty day simple moving average of $45.15 and a two-hundred day simple moving average of $43.47. E*TRADE Financial Corp has a 12 month low of $34.68 and a 12 month high of $52.35.

E*TRADE Financial (NASDAQ:ETFC) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.01. The business had revenue of $679.00 million during the quarter, compared to analysts’ expectations of $672.06 million. E*TRADE Financial had a net margin of 33.09% and a return on equity of 17.09%. The business’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period last year, the company posted $1.06 earnings per share. Equities analysts predict that E*TRADE Financial Corp will post 3.68 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders 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 yield of 1.27%. The ex-dividend date is Monday, February 24th. E*TRADE Financial’s payout ratio is 13.90%.

ETFC has been the subject of several recent analyst reports. Credit Suisse Group increased their price objective on shares of E*TRADE Financial from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Barclays increased their price objective on shares of E*TRADE Financial from $39.00 to $41.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. BidaskClub cut shares of E*TRADE Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, February 5th. Morgan Stanley increased their price objective on shares of E*TRADE Financial from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Finally, Deutsche Bank increased their price objective on shares of E*TRADE Financial from $44.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $49.21.

A number of large investors have recently bought and sold shares of ETFC. Parallel Advisors LLC grew its holdings in shares of E*TRADE Financial by 17.4% during the third quarter. Parallel Advisors LLC now owns 1,747 shares of the financial services provider’s stock valued at $76,000 after buying an additional 259 shares during the last quarter. Wetherby Asset Management Inc. grew its holdings in shares of E*TRADE Financial by 5.8% during the third quarter. Wetherby Asset Management Inc. now owns 4,874 shares of the financial services provider’s stock valued at $213,000 after buying an additional 268 shares during the last quarter. LS Investment Advisors LLC grew its holdings in shares of E*TRADE Financial by 3.6% during the fourth quarter. LS Investment Advisors LLC now owns 8,536 shares of the financial services provider’s stock valued at $387,000 after buying an additional 299 shares during the last quarter. Penserra Capital Management LLC grew its holdings in shares of E*TRADE Financial by 12.4% during the third quarter. Penserra Capital Management LLC now owns 3,162 shares of the financial services provider’s stock valued at $137,000 after buying an additional 348 shares during the last quarter. Finally, Voya Financial Advisors Inc. grew its holdings in shares of E*TRADE Financial by 5.5% during the third quarter. Voya Financial Advisors Inc. now owns 6,752 shares of the financial services provider’s stock valued at $292,000 after buying an additional 355 shares during the last quarter. Institutional investors and hedge funds own 84.01% of the company’s stock.

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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