November 29, 2016 - By Nellie Frank
SunTrust currently has a $34.0 target price per share on the $9.31B market cap company or 0.32% upside potential. In a note issued on Tuesday morning, ETRADE (ETFC) stock had its “Hold” Rating kept by stock research analysts at SunTrust.
Out of 2 analysts covering E*TRADE (ETFC), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. E*TRADE has been the topic of 2 analyst reports since September 26, 2016 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Bank of America on Thursday, October 13. On Monday, September 26 the stock rating was initiated by Morgan Stanley with “Equal-Weight”.
The stock decreased 2.25% or $0.78 during the last trading session, hitting $33.89. E*TRADE Financial Corp (ETFC) has risen 29.06% since April 26, 2016 and is uptrending. It has outperformed by 23.80% the S&P500.
Analysts await E*TRADE Financial Corp (NASDAQ:ETFC) to report earnings on January, 19. They expect $0.41 earnings per share, up 36.67% or $0.11 from last year’s $0.3 per share. ETFC’s profit will be $112.63 million for 20.66 P/E if the $0.41 EPS becomes a reality. After $0.51 actual earnings per share reported by E*TRADE Financial Corp for the previous quarter, Wall Street now forecasts -19.61% negative EPS growth.
Insitutional Activity: The institutional sentiment increased to 0.88 in Q2 2016. Its up 0.10, from 0.78 in 2016Q1. The ratio increased, 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.
The Michigan-based Comerica National Bank & Trust has invested 0.02% in E*TRADE Financial Corp (NASDAQ:ETFC). Moreover, Grp has 0% invested in E*TRADE Financial Corp (NASDAQ:ETFC) for 97,152 shares. Fmr Ltd Llc has 0.06% invested in the company for 19.06M shares. Shell Asset last reported 0.03% of its portfolio in the stock. Strs Ohio accumulated 312,415 shares or 0.03% of the stock. Icon Advisers holds 118,110 shares or 0.19% of its portfolio. State Treasurer State Of Michigan has 96,850 shares for 0.02% of their US portfolio. Janney Montgomery Scott Limited Liability Com has 0.01% invested in the company for 32,438 shares. Meeder Asset Management Inc owns 5,014 shares or 0.01% of their US portfolio. Moreover, Federated Pa has 0% invested in E*TRADE Financial Corp (NASDAQ:ETFC) for 29,431 shares. Creative Planning accumulated 0% or 3,513 shares. Hsbc Hldg Plc last reported 0.01% of its portfolio in the stock. Moreover, Neuberger Berman Gp Ltd Liability has 0% invested in E*TRADE Financial Corp (NASDAQ:ETFC) for 66,142 shares. Moreover, Blackrock Ltd Liability Company has 0.01% invested in E*TRADE Financial Corp (NASDAQ:ETFC) for 309,744 shares. Timber Hill Llc owns 20,993 shares or 0% of their US portfolio.
Insider Transactions: Since November 14, 2016, the stock had 0 buys, and 1 insider sale for $261,290 net activity. Another trade for 7,996 shares valued at $261,290 was sold by Simonich Brent.
E*Trade Financial Corporation is a financial services company. The company has a market cap of $9.31 billion. The Firm provides brokerage and related services and products primarily to individual retail investors under the brand E*TRADE Financial. It has a 18.64 P/E ratio. The Firm also provides investor-focused banking products, primarily sweep deposits, to retail investors.
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.”
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.
Another recent and important E*TRADE Financial Corp (NASDAQ:ETFC) news was published by Businesswire.com which published an article titled: “E*TRADE Financial Corporation Reports Monthly Activity for October 2016” on November 14, 2016.
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By Nellie Frank