E*TRADE Financial Corporation (ETFC) Can’t Be More Hot. Just Reaches 52-Week High

January 23, 2018 - By reb123z

Investors sentiment decreased to 1.1 in 2017 Q3. Its down 0.14, from 1.24 in 2017Q2. It turned negative, as 33 investors sold E*TRADE Financial Corporation shares while 144 reduced holdings. 63 funds opened positions while 132 raised stakes. 245.70 million shares or 0.21% less from 246.20 million shares in 2017Q2 were reported.
Us Financial Bank De invested 0.03% of its portfolio in E*TRADE Financial Corporation (NASDAQ:ETFC). Glg Lc invested in 0.04% or 12,490 shares. 125,000 were accumulated by Bronson Point Mngmt Limited Liability Company. Amalgamated State Bank has 0.07% invested in E*TRADE Financial Corporation (NASDAQ:ETFC) for 54,144 shares. First Mercantile Trust has invested 0.16% in E*TRADE Financial Corporation (NASDAQ:ETFC). Eqis Cap Mngmt has invested 0.1% in E*TRADE Financial Corporation (NASDAQ:ETFC). Sterling Ltd invested in 2.98 million shares. Guggenheim Limited Liability Corporation reported 1.91M shares. 15,075 are owned by Jane Street Grp Ltd Liability Corp. Meag Munich Ergo Kapitalanlagegesellschaft Mbh, a Germany-based fund reported 187,317 shares. Putnam Invs Limited Liability Company stated it has 1.46M shares. Moreover, Mufg Americas has 0.06% invested in E*TRADE Financial Corporation (NASDAQ:ETFC). Moreover, Contravisory Management Inc has 0.11% invested in E*TRADE Financial Corporation (NASDAQ:ETFC) for 7,275 shares. Highbridge Mngmt Limited Co, New York-based fund reported 32,237 shares. Jpmorgan Chase And holds 0% or 331,697 shares in its portfolio.

Since August 18, 2017, it had 0 insider buys, and 5 selling transactions for $2.74 million activity. Shares for $59,157 were sold by LAWSON RODGER A on Tuesday, September 12. Another trade for 8,578 shares valued at $347,310 was made by Roessner Karl A on Tuesday, September 12. $1.35M worth of stock was sold by Curcio Michael John on Tuesday, September 12.

The stock of E*TRADE Financial Corporation (NASDAQ:ETFC) hit a new 52-week high and has $58.14 target or 5.00 % above today’s $55.37 share price. The 6 months bullish chart indicates low risk for the $14.75B company. The 1-year high was reported on Jan, 23 by Barchart.com. If the $58.14 price target is reached, the company will be worth $737.70 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.

The stock increased 0.71% or $0.39 during the last trading session, reaching $55.37. About 1.06 million shares traded. E*TRADE Financial Corporation (NASDAQ:ETFC) has risen 29.03% since January 23, 2017 and is uptrending. It has outperformed by 12.33% the S&P500.

Analysts await E*TRADE Financial Corporation (NASDAQ:ETFC) to report earnings on January, 25. They expect $0.59 EPS, up 37.21 % or $0.16 from last year’s $0.43 per share. ETFC’s profit will be $157.21M for 23.46 P/E if the $0.59 EPS becomes a reality. After $0.55 actual EPS reported by E*TRADE Financial Corporation for the previous quarter, Wall Street now forecasts 7.27 % EPS growth.

E*TRADE Financial Corporation (NASDAQ:ETFC) Ratings Coverage

Among 22 analysts covering E*TRADE (NASDAQ:ETFC), 19 have Buy rating, 0 Sell and 3 Hold. Therefore 86% are positive. E*TRADE had 79 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Wednesday, September 9 with “Outperform”. Nomura maintained E*TRADE Financial Corporation (NASDAQ:ETFC) rating on Monday, July 11. Nomura has “Buy” rating and $30 target. The rating was maintained by Jefferies with “Hold” on Monday, August 28. Deutsche Bank maintained it with “Buy” rating and $49 target in Wednesday, October 25 report. The firm has “Buy” rating by SunTrust given on Monday, July 24. Suntrust Robinson maintained the shares of ETFC in report on Tuesday, November 29 with “Hold” rating. The stock has “Overweight” rating by Barclays Capital on Wednesday, September 9. Deutsche Bank maintained the shares of ETFC in report on Thursday, June 16 with “Buy” rating. The firm earned “Hold” rating on Thursday, April 7 by Jefferies. The stock has “Buy” rating by Deutsche Bank on Friday, January 8.

More important recent E*TRADE Financial Corporation (NASDAQ:ETFC) news were published by: Businesswire.com which released: “E*TRADE Financial Corporation Announces Fourth Quarter and Full Year 2017 …” on January 11, 2018, also Zacks.com published article titled: “Bull of the Day: E*Trade (ETFC)”, Businesswire.com published: “E*TRADE Study Reveals Investor Bullishness at Historic Highs” on January 17, 2018. More interesting news about E*TRADE Financial Corporation (NASDAQ:ETFC) was released by: Nasdaq.com and their article: “Will Rising DARTs Support E*TRADE (ETFC) in Q4 Earnings?” with publication date: January 23, 2018.

E*TRADE Financial Corporation, a financial services company, provides brokerage and related services and products primarily to individual retail investors under the E*TRADE Financial brand. The company has market cap of $14.75 billion. It also offers investor-focused banking products, primarily deposits to retail investors; and financial corporate services, such as software and services for managing equity compensation plans to its corporate clients. It has a 26.01 P/E ratio. The firm provides its services to clients through digital platforms; and a network of customer service representatives and financial consultants through phone, email, and online at two branches, as well as in person through 30 branches across the United States.

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