Is Buying E*TRADE Financial Corporation (ETFC) Here a Winning Strategy?

January 14, 2018 - By Marry Poplack

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.
Invesco owns 6.77M shares or 0.11% of their US portfolio. Commonwealth National Bank Of Aus has invested 0% in E*TRADE Financial Corporation (NASDAQ:ETFC). Mufg Americas Holdings Corporation has invested 0.06% in E*TRADE Financial Corporation (NASDAQ:ETFC). 23,000 were accumulated by Catalyst Capital Advsrs Ltd Com. Winch Advisory Limited Co holds 0% in E*TRADE Financial Corporation (NASDAQ:ETFC) or 1 shares. Eaton Vance reported 0.11% stake. Highbridge Cap Mgmt Ltd Limited Liability Company owns 32,237 shares. Tci Wealth Advsrs Inc holds 543 shares or 0.01% of its portfolio. Aviva Public Ltd Company has invested 0.05% in E*TRADE Financial Corporation (NASDAQ:ETFC). The Delaware-based Riverhead Cap Mgmt Limited Liability Co has invested 0.16% in E*TRADE Financial Corporation (NASDAQ:ETFC). Pcj Investment Counsel Limited accumulated 122,000 shares or 0.34% of the stock. 23,771 are owned by Ing Groep Nv. Barrow Hanley Mewhinney Strauss Limited Liability Company holds 1.41 million shares. World Asset Mngmt owns 23,552 shares. Guardian Life Insur Of America accumulated 644 shares or 0% of the stock.

Since August 18, 2017, it had 0 insider buys, and 5 insider sales for $2.74 million activity. Roessner Karl A sold $587,066 worth of E*TRADE Financial Corporation (NASDAQ:ETFC) on Friday, August 18. Pizzi Michael A. had sold 9,977 shares worth $393,178 on Friday, August 18. Curcio Michael John had sold 33,474 shares worth $1.35 million.

The stock of E*TRADE Financial Corporation (NASDAQ:ETFC) hit a new 52-week high and has $57.18 target or 6.00 % above today’s $53.94 share price. The 7 months bullish chart indicates low risk for the $14.37B company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $57.18 price target is reached, the company will be worth $862.38 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 1.85% or $0.98 during the last trading session, reaching $53.94. About 1.67M shares traded. E*TRADE Financial Corporation (NASDAQ:ETFC) has risen 29.03% since January 14, 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 22.86 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 has $58.0 highest and $25 lowest target. $42.67’s average target is -20.89% below currents $53.94 stock price. E*TRADE had 79 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Thursday, October 13 by Bank of America. The stock has “Hold” rating by Standpoint Research on Sunday, August 9. The stock of E*TRADE Financial Corporation (NASDAQ:ETFC) earned “Hold” rating by Jefferies on Monday, January 8. Barclays Capital maintained it with “Overweight” rating and $35 target in Wednesday, September 9 report. The stock of E*TRADE Financial Corporation (NASDAQ:ETFC) has “Hold” rating given on Friday, October 6 by Keefe Bruyette & Woods. The firm has “Neutral” rating given on Wednesday, March 23 by SunTrust. Buckingham Research initiated the stock with “Buy” rating in Wednesday, July 13 report. The firm has “Hold” rating given on Tuesday, October 3 by Jefferies. The stock of E*TRADE Financial Corporation (NASDAQ:ETFC) earned “Buy” rating by Goldman Sachs on Tuesday, January 12. The firm has “Buy” rating by SunTrust given on Monday, July 24.

More notable 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 Bloomberg.com with their article: “E*Trade to Let Clients Trade Cboe Bitcoin Futures Contracts” published on December 20, 2017, Zacks.com published: “Why E*TRADE Financial (ETFC) Could Be an Impressive Growth Stock January 08, 2018” on January 08, 2018. More interesting news about E*TRADE Financial Corporation (NASDAQ:ETFC) were released by: Seekingalpha.com and their article: “E*Trade allows CBOE bitcoin futures” published on December 21, 2017 as well as Nasdaq.com‘s news article titled: “E*TRADE Financial November DARTs Up 15% From Prior Month” with publication date: December 15, 2017.

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 $14.37 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 25.34 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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