E*TRADE Financial Corporation (ETFC) Surges to 52-Week High, Is Now Top Performer

January 16, 2018 - By Marie Mckinney

Investors sentiment decreased to 1.1 in Q3 2017. Its down 0.14, from 1.24 in 2017Q2. It is 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.
Nelson Van Denburg Campbell Wealth Mngmt Limited Liability Corp invested in 0.03% or 2,000 shares. Public Sector Pension Board stated it has 0% in E*TRADE Financial Corporation (NASDAQ:ETFC). 1,212 were accumulated by Advisory Service Ntwk Lc. Us Bank De holds 182,305 shares or 0.03% of its portfolio. Piedmont Advsr Ltd Llc reported 127,071 shares. Oakbrook Investments Ltd Liability invested in 19,500 shares or 0.05% of the stock. James Investment Rech Inc stated it has 0.06% in E*TRADE Financial Corporation (NASDAQ:ETFC). Bancshares Of Montreal Can invested in 0.07% or 1.66 million shares. 11,262 were accumulated by Gsa Cap Partners Ltd Liability Partnership. Livforsakringsbolaget Skandia Omsesidigt reported 0.02% of its portfolio in E*TRADE Financial Corporation (NASDAQ:ETFC). Fmr Llc holds 0.06% or 12.24M shares. Ontario Teachers Pension Plan Board has invested 0% in E*TRADE Financial Corporation (NASDAQ:ETFC). Tributary Management holds 0.19% or 49,500 shares in its portfolio. Guardian Life Insurance Of America reported 0% stake. Chevy Chase Tru Holding invested 0.05% of its portfolio in E*TRADE Financial Corporation (NASDAQ:ETFC).

Since August 18, 2017, it had 0 insider purchases, and 5 sales for $2.74 million activity. Roessner Karl A sold 8,578 shares worth $347,310. Another trade for 33,474 shares valued at $1.35M was sold by Curcio Michael John. LAWSON RODGER A also sold $59,157 worth of E*TRADE Financial Corporation (NASDAQ:ETFC) shares.

The stock of E*TRADE Financial Corporation (NASDAQ:ETFC) hit a new 52-week high and has $57.96 target or 8.00 % above today’s $53.67 share price. The 8 months bullish chart indicates low risk for the $14.30B company. The 1-year high was reported on Jan, 16 by Barchart.com. If the $57.96 price target is reached, the company will be worth $1.14 billion 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 decreased 0.50% or $0.27 during the last trading session, reaching $53.67. About 1.65M shares traded. E*TRADE Financial Corporation (NASDAQ:ETFC) has risen 29.03% since January 16, 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 earnings per share, up 37.21 % or $0.16 from last year’s $0.43 per share. ETFC’s profit will be $157.21 million for 22.74 P/E if the $0.59 EPS becomes a reality. After $0.55 actual earnings per share 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. Barclays Capital maintained E*TRADE Financial Corporation (NASDAQ:ETFC) on Thursday, October 13 with “Overweight” rating. The company was maintained on Monday, January 8 by Jefferies. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, September 9. Barclays Capital maintained E*TRADE Financial Corporation (NASDAQ:ETFC) rating on Tuesday, August 9. Barclays Capital has “Overweight” rating and $30 target. The stock of E*TRADE Financial Corporation (NASDAQ:ETFC) has “Hold” rating given on Thursday, April 7 by Jefferies. The stock of E*TRADE Financial Corporation (NASDAQ:ETFC) has “Buy” rating given on Tuesday, January 12 by Goldman Sachs. The stock of E*TRADE Financial Corporation (NASDAQ:ETFC) has “Hold” rating given on Tuesday, October 3 by Jefferies. Credit Agricole initiated the stock with “Outperform” rating in Tuesday, October 13 report. Deutsche Bank maintained E*TRADE Financial Corporation (NASDAQ:ETFC) rating on Friday, May 27. Deutsche Bank has “Buy” rating and $31 target. The stock of E*TRADE Financial Corporation (NASDAQ:ETFC) has “Buy” rating given on Friday, October 20 by SunTrust.

More news for E*TRADE Financial Corporation (NASDAQ:ETFC) were recently published by: Businesswire.com, which released: “E*TRADE Financial Corporation Announces Fourth Quarter and Full Year 2017 …” on January 11, 2018. Seekingalpha.com‘s article titled: “E*Trade allows CBOE bitcoin futures” and published on December 21, 2017 is yet another important article.

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 $14.30 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 25.21 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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