E*Trade Financial Gets a Hold from KBW

By Carrie Williams

KBW analyst Kyle Voigt reiterated a Hold rating on E*Trade Financial (NASDAQ: ETFC) today and set a price target of $41. The company’s shares opened today at $34.55.

According to TipRanks.com, Voigt is a 4-star analyst with an average return of 16.7% and a 84.0% success rate. Voigt covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Gain Capital Holdings, and Marketaxess Holdings.

Currently, the analyst consensus on E*Trade Financial is Moderate Buy and the average price target is $43.25, representing a 25.2% upside.

In a report issued on April 7, Jefferies also reiterated a Hold rating on the stock with a $37 price target.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2017, Brent Simonich, the Principal Accounting Officer of ETFC sold 6,968 shares for a total of $248,061.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

E*TRADE Financial Corp. engages in the provision of investment and online stock brokerage services. It operates through the following business segments: Trading and Investing; Balance Sheet Management; and Corporate & Other. The Trading and Investing segment offers cash management, bonds, depositary receipts, margin accounts, retirement funds, investment portfolio, and corporate services. The Balance Sheet Management segment deals with asset allocation, credit management, liquidity, mortgage-backed securities, and loan portfolio. The Corporate & Other segment consists of restructuring activities, debt extinguishment, and investments. The company was founded by William A. Porter Jr. and Bernard A. Newcomb in 1982 and is headquartered in New York, NY.