November 30, 2016 - By Richard Conner
New York: In analysts report sent to investors and clients on 29 November, Suntrust Robinson reaffirmed their Hold rating on shares of ETRADE Financial (NASDAQ:ETFC). They currently have a $34.00 price target on the firm. Suntrust Robinson’s target indicates a potential downside of -0.15% from the company’s close price.
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 -6.78% below today’s ($34.07) stock price. E*TRADE has been the topic of 45 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Monday, September 26, the company rating was initiated by Morgan Stanley. The company was maintained on Wednesday, September 9 by Barclays Capital. The stock of E*TRADE Financial Corp (NASDAQ:ETFC) has “Outperform” rating given on Thursday, September 22 by CLSA. Deutsche Bank maintained the shares of ETFC in a report on Friday, January 8 with “Buy” rating. Jefferies maintained it with “Hold” rating and $27 target price in Thursday, April 7 report. Nomura maintained the shares of ETFC in a report on Monday, April 4 with “Buy” rating. Barclays Capital maintained E*TRADE Financial Corp (NASDAQ:ETFC) rating on Friday, October 23. Barclays Capital has “Overweight” rating and $35.0 price target. The stock of E*TRADE Financial Corp (NASDAQ:ETFC) has “Buy” rating given on Monday, July 11 by Nomura. The rating was upgraded by Evercore to “Buy” on Wednesday, September 9. The firm has “Overweight” rating by Barclays Capital given on Thursday, October 8.
The stock increased 0.53% or $0.18 during the last trading session, hitting $34.07. 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 $109.75 million for 20.77 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.
Insitutional Activity: The institutional sentiment increased to 0.88 in Q2 2016. Its up 0.10, from 0.78 in 2016Q1. The ratio is positive, 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.
Lmr Ptnrs Ltd Liability Partnership holds 0.16% or 45,029 shares in its portfolio. Tudor Investment Et Al last reported 0.01% of its portfolio in the stock. Group Inc Inc accumulated 0% or 97,152 shares. Ladenburg Thalmann Fincl Services last reported 0.01% of its portfolio in the stock. Public Employees Retirement Association Of Colorado has 66,929 shares for 0.01% of their US portfolio. Verition Fund Mngmt Ltd Liability last reported 0.11% of its portfolio in the stock. Shell Asset reported 49,606 shares or 0.03% of all its holdings. Hbk Invs Ltd Partnership owns 93,699 shares or 0.02% of their US portfolio. Focused Wealth Mgmt, a New York-based fund reported 5 shares. Sumitomo Mitsui Trust Holding has invested 0.03% of its portfolio in E*TRADE Financial Corp (NASDAQ:ETFC). Seven Eight Capital Limited holds 0% or 23 shares in its portfolio. Meeder Asset Mgmt holds 0.01% or 5,014 shares in its portfolio. British Columbia Investment Mgmt last reported 220,387 shares in the company. Advsrs Preferred Ltd Liability Corporation last reported 1,031 shares in the company. Zurcher Kantonalbank (Zurich Cantonalbank) has 0.04% invested in the company for 140,441 shares.
Insider Transactions: Since November 14, 2016, the stock had 0 buys, and 1 insider sale for $261,290 net activity. $261,290 worth of E*TRADE Financial Corp (NASDAQ:ETFC) was sold by Simonich Brent on Monday, November 14.
E*Trade Financial Corporation is a financial services company. The company has a market cap of $9.12 billion. The Firm provides brokerage and related services and products primarily to individual retail investors under the brand E*TRADE Financial. It has a 18.74 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.
More recent E*TRADE Financial Corp (NASDAQ:ETFC) news were published by: Nasdaq.com which released: “E*TRADE Financial Poised for Growth, Peer Pressure Lingers” on November 29, 2016. Also Nasdaq.com published the news titled: “Can E*TRADE Financial (ETFC) Keep the Earnings Streak Alive This Quarter?” on November 29, 2016. Businesswire.com‘s news article titled: “E*TRADE Financial Corporation Reports Monthly Activity for October 2016” with publication date: November 14, 2016 was also an interesting one.
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