The stock of E*TRADE Financial Corp (NASDAQ:ETFC) hit a new 52-week high and has $37.12 target or 7.00% above today’s $34.69 share price. The 5 months bullish chart indicates low risk for the $9.55B company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $37.12 price target is reached, the company will be worth $668.50 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 250,002 shares traded hands. E*TRADE Financial Corp (NASDAQ:ETFC) has risen 30.24% since April 27, 2016 and is uptrending. It has outperformed by 25.01% the S&P500.
Analysts await E*TRADE Financial Corp (NASDAQ:ETFC) to report earnings on January, 19. They expect $0.41 EPS, up 36.67% or $0.11 from last year’s $0.3 per share. ETFC’s profit will be $112.87M for 21.15 P/E if the $0.41 EPS becomes a reality. After $0.51 actual EPS reported by E*TRADE Financial Corp for the previous quarter, Wall Street now forecasts -19.61% negative EPS growth.
E*TRADE Financial Corp (NASDAQ:ETFC) Ratings Coverage
Out of 16 analysts covering E*TRADE (NASDAQ:ETFC), 10 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 63% are positive. $35 is the highest target while $25 is the lowest. The $31.76 average target is -8.45% below today’s ($34.69) stock price. E*TRADE has been the topic of 45 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Barclays Capital maintained E*TRADE Financial Corp (NASDAQ:ETFC) on Friday, January 22 with “Overweight” rating. On Tuesday, October 13 the stock rating was initiated by Credit Agricole with “Outperform”. The rating was maintained by Barclays Capital on Thursday, October 13 with “Overweight”. RBC Capital Markets maintained E*TRADE Financial Corp (NASDAQ:ETFC) on Wednesday, September 9 with “Outperform” rating. The rating was maintained by Deutsche Bank with “Buy” on Monday, July 18. The firm earned “Buy” rating on Friday, May 27 by Deutsche Bank. The rating was maintained by Deutsche Bank with “Buy” on Friday, January 8. The stock of E*TRADE Financial Corp (NASDAQ:ETFC) earned “Overweight” rating by Barclays Capital on Thursday, October 8. The firm has “Outperform” rating given on Wednesday, September 21 by Credit Suisse. Compass Point maintained the shares of ETFC in a report on Friday, July 24 with “Buy” rating.
According to Zacks Investment Research, “E*TRADE Financial Corp was incorporated in California in 1982 and reincorporated in Delaware in July 1996. It is a financial services company and an online brokerage industry. The Company offers easy to use solutions for individual investors and stock plan participants. The Company offers its customers to take control of its financial futures by providing the products, tools, services and advice they need to meet their near and long term investing goals. The Company provides these services to customers both online and through their network of customer service representatives and Financial Consultants – over the phone and in person at 30 company branches across the United States. The company operates a bank with the primary purpose of maximizing the value of deposits generated though its brokerage business.”
Insitutional Activity: The institutional sentiment increased to 0.88 in 2016 Q2. Its up 0.10, from 0.78 in 2016Q1. The ratio improved, as 42 funds sold all E*TRADE Financial Corp shares owned while 142 reduced positions. 46 funds bought stakes while 97 increased positions. They now own 244.42 million shares or 4.84% less from 256.87 million shares in 2016Q1.
Kcg Hldgs last reported 0.02% of its portfolio in the stock. Commonwealth Of Pennsylvania School Empls Retrmt System accumulated 22,317 shares or 0.01% of the stock. Guggenheim Cap Ltd Liability Com reported 1.72M shares or 0.13% of all its holdings. Sadoff Mgmt Ltd holds 1.99% of its portfolio in E*TRADE Financial Corp (NASDAQ:ETFC) for 709,149 shares. Credit Agricole S A accumulated 0.05% or 605,760 shares. Wells Fargo And Co Mn, a California-based fund reported 1.92M shares. Moreover, Focused Wealth Management has 0% invested in E*TRADE Financial Corp (NASDAQ:ETFC) for 5 shares. 1832 Asset Management Limited Partnership reported 776,100 shares or 0.07% of all its holdings. Bluemountain Capital Limited Liability Corp has invested 0% of its portfolio in E*TRADE Financial Corp (NASDAQ:ETFC). Ameriprise Fincl has 2.22 million shares for 0.03% of their US portfolio. Cubist Systematic Strategies Ltd Liability holds 0.07% of its portfolio in E*TRADE Financial Corp (NASDAQ:ETFC) for 51,629 shares. Nomura Asset Management Ltd has 60,368 shares for 0.03% of their US portfolio. Nordea Management Ab holds 0% of its portfolio in E*TRADE Financial Corp (NASDAQ:ETFC) for 9,461 shares. Bb&T Corporation has 0.01% invested in the company for 20,105 shares. Stifel has 96,555 shares for 0.01% of their US portfolio.
Insider Transactions: Since November 14, 2016, the stock had 0 insider buys, and 1 sale for $261,290 net activity. Simonich Brent had sold 7,996 shares worth $261,290 on Monday, November 14.
More news for E*TRADE Financial Corp (NASDAQ:ETFC) were recently published by: Businesswire.com, which released: “E*TRADE Financial Corporation Announces Upcoming Speaking Engagement” on November 30, 2016. Nasdaq.com‘s article titled: “Can E*TRADE Financial (ETFC) Keep the Earnings Streak Alive This Quarter?” and published on November 29, 2016 is yet another important article.
ETFC Company Profile
E*Trade Financial Corporation, incorporated on September 4, 2003, is a financial services company. The Firm provides brokerage and related services and products primarily to individual retail investors under the brand E*TRADE Financial. The Firm also provides investor-focused banking products, primarily sweep deposits, to retail investors. The Firm operates in two divisions: trading and investing, and balance sheet management. The Company’s hybrid service delivery model is delivered through various digital platforms: E*TRADE.com, E*TRADE Mobile and E*TRADE Pro. E*TRADE.com is its site that provides clients with tools, guidance, actionable ideas, research and education to take control of their finances. E*TRADE Mobile offers trading applications for various smartphones and tablets. E*TRADE Pro is its trading platform for active and elite traders, with tools and customizable layouts.
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