November 29, 2016 - By Vivian Park
The financial company have set price target of $34 on ETRADE (NASDAQ:ETFC) shares. This is 0.32% from the last stock close price. In a research report sent to investors on 29 November, SunTrust restate their Hold rating on shares of ETFC.
Out of 15 analysts covering E*TRADE (NASDAQ:ETFC), 10 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 67% are positive. $35 is the highest target while $25 is the lowest. The $31.06 average target is -8.35% below today’s ($33.89) stock price. E*TRADE has been the topic of 43 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 Wednesday, September 9 the stock rating was upgraded by Evercore to “Buy”. The firm has “Overweight” rating given on Thursday, October 8 by Barclays Capital. On Friday, January 22 the stock rating was maintained by Compass Point with “Buy”. The firm has “Buy” rating by Deutsche Bank given on Friday, January 8. Morgan Stanley initiated it with “Equal-Weight” rating and $29 target price in Monday, September 26 report. As per Wednesday, September 21, the company rating was maintained by Credit Suisse. The company was maintained on Friday, July 22 by Compass Point. Credit Suisse maintained E*TRADE Financial Corp (NASDAQ:ETFC) on Monday, February 22 with “Outperform” rating. The firm earned “Hold” rating on Thursday, April 7 by Jefferies.
The stock decreased 2.25% or $0.78 during the last trading session, hitting $33.89. E*TRADE Financial Corp (NASDAQ: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 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.
Southpoint Advisors Lp last reported 5.65% of its portfolio in the stock. Ontario Teachers Pension Plan Board last reported 18,730 shares in the company. Jfs Wealth Advsr Limited Liability holds 0% of its portfolio in E*TRADE Financial Corp (NASDAQ:ETFC) for 420 shares. Frontier Mngmt Limited Com holds 0.44% or 2.28 million shares in its portfolio. Parametric Port Assocs Ltd Liability Company holds 0.02% of its portfolio in E*TRADE Financial Corp (NASDAQ:ETFC) for 530,861 shares. Sector Pension Inv Board holds 52,839 shares or 0.01% of its portfolio. Clinton Gru Incorporated last reported 41,363 shares in the company. Franklin accumulated 17,100 shares or 0% of the stock. Pdts Prns Ltd Company holds 0.61% of its portfolio in E*TRADE Financial Corp (NASDAQ:ETFC) for 325,800 shares. Gateway Advisers Lc holds 0% of its portfolio in E*TRADE Financial Corp (NASDAQ:ETFC) for 22,017 shares. Seven Eight Cap Ltd Liability Corp has invested 0% of its portfolio in E*TRADE Financial Corp (NASDAQ:ETFC). Stifel Fincl reported 96,555 shares or 0.01% of all its holdings. Aperio Grp Incorporated holds 125,427 shares or 0.02% of its portfolio. Monarch Prns Asset Mgmt Ltd Liability Com last reported 0.66% of its portfolio in the stock. Putnam Invests Ltd Liability has invested 0.11% of its portfolio in E*TRADE Financial Corp (NASDAQ:ETFC).
Insider Transactions: Since November 14, 2016, the stock had 0 insider purchases, and 1 sale for $261,290 net activity. Simonich Brent sold $261,290 worth of stock.
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 Vivian Park