Stifel Nicolaus increased their price target on Stifel Financial Corp from $58.00 to $59.00 and gave the stock a "neutral" rating in a report on Monday, March 20th. The firm now has an overweight rating on the financial services provider's stock.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays's target suggests a potential upside of 10.99 % from the company's current stock price. TheStreet upgraded shares of Stifel Financial Corporation from a "c+" rating to a "b" rating in a research report on Monday, July 31st. Rosenblatt Securities began coverage on E*TRADE Financial Corporation in a research note on Thursday, July 13th. The company now has an average rating of Buy and an average target price of $44.25. Finally, BidaskClub downgraded E*TRADE Financial Corporation from a strong-buy rating to a buy rating in a research note on Friday, July 28th. Eagle Asset Management Inc. now owns 2,433,893 shares of the financial services provider's stock valued at $122,157,000 after buying an additional 44,058 shares during the last quarter. E*TRADE Financial Corporation now has a consensus rating of Buy and a consensus price target of $44.25.
Analysts await E*TRADE Financial Corp (NASDAQ:ETFC) to report earnings on October, 19. The stock had a trading volume of 327,239 shares. The stock has a 50 day moving average price of $47.05 and a 200 day moving average price of $49.84. The stock will be uptrending if it is being traded above its moving averages and downtrending if it is being traded below. The business had revenue of $577.00 million during the quarter, compared to the consensus estimate of $553.31 million. Stifel Financial Corporation had a return on equity of 9.30% and a net margin of 6.03%. The company's quarterly revenue was up 11.3% compared to the same quarter previous year. 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. On average, equities research analysts expect that Stifel Financial Corp will post $3.29 EPS for the current fiscal year. If you are accessing this story on another website, it was copied illegally and republished in violation of USA & global copyright laws. The original version of this report can be accessed at https://weekherald.com/2017/10/13/etrade-financial-corporation-etfc-price-target-raised-to-49-00.html. Moreover, Junto Capital Management Lp has 4.94% invested in the company for 1.48 million shares. This buyback authorization allows the financial services provider to reacquire up to 9.2% of its shares through open market purchases. Stock buyback plans are generally an indication that the company's board of directors believes its shares are undervalued.
In other news, CEO Karl A. Roessner sold 14,898 shares of the business's stock in a transaction dated Friday, August 18th. Director Frederick O. Hanser let go of 4,000 shares at an average price of $50.00 on Friday the 4th. Following the transaction, the director now owns 6,684 shares in the company, valued at approximately $321,366.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The shares were sold at an average price of $39.41, for a total transaction of $393,193.57. Following the sale, the chief financial officer now owns 110,142 shares in the company, valued at $4,340,696.22. The disclosure for this purchase can be found here. Magnetar Financial Limited Liability Company invested 0.01% in E*TRADE Financial Corp (NASDAQ:ETFC).
Several large investors have recently added to or reduced their stakes in ETFC.
New York: In analysts report sent to clients and investors on 10 October, Barclays reaffirmed their Overweight rating on ETRADE Financial (NASDAQ:ETFC) shares. Quadrant Capital Group LLC now owns 3,436 shares of the financial services provider's stock worth $121,000 after purchasing an additional 614 shares during the last quarter.
Toscafund Asset Management Llp holds 28.2% of its portfolio in E*TRADE Financial Corp for 1.40 million shares. Advisors Asset Management Inc. now owns 3,239 shares of the financial services provider's stock worth $123,000 after purchasing an additional 1,448 shares during the last quarter. FMR LLC raised its position in shares of Stifel Financial Corp by 27.5% in the fourth quarter. Krilogy Financial LLC now owns 3,710 shares of the financial services provider's stock worth $141,000 after purchasing an additional 260 shares during the last quarter. Alliancebernstein L.P. raised its stake in E*TRADE Financial Corporation by 2.3% during the 1st quarter. Corporate insiders own 0.17% of the company's stock.
E*Trade Financial Corporation is a financial services company. The institutional investor owned 167,217 shares of the financial services provider's stock after selling 20,200 shares during the quarter.