Does E*TRADE Financial Corporation (ETFC) Have Any Gas After Today's Significant Increase?

Marco Green
April 23, 2018

Ajo Limited Partnership holds 324,651 shares or 0.07% of its portfolio. Finally, Sheets Smith Wealth Management acquired a new position in E-Trade during the 4th quarter valued at about $498,000. ETFC is uptrending and has moved 61.16% since April 22, 2017. It has underperformed by 14.52% the S&P500. E*TRADE Financial Corp has a twelve month low of $33.06 and a twelve month high of $58.49. Insiders sold a total of 232,579 shares of company stock worth $12,040,724 in the last ninety days. BlackRock Inc. lifted its stake in shares of E-Trade by 8.3% in the fourth quarter. The firm has a market capitalization of $16,036.03, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 0.73 and a beta of 1.29.

Shares of ETFC traded up $1.65 during trading hours on Friday, hitting $60.48. The shares were sold at an average price of $53.00, for a total transaction of $407,040.00. The stock outperformed the S&P500 by 49.61%. Canada Pension Plan Board holds 0.03% or 352,416 shares in its portfolio. It also reduced its holding in Advanced Accelerator Applic by 1.74 million shares in the quarter, leaving it with 147,404 shares, and cut its stake in Spdr S&P 500 Etf Tr (Put) (SPY).

Among 8 analysts covering Sinclair Broadcast Group Inc (NASDAQ:SBGI), 8 have Buy rating, 0 Sell and 0 Hold. Sinclair Broadcast Group Inc had 24 analyst reports since July 30, 2015 according to SRatingsIntel. Barclays Capital maintained Investors Bancorp, Inc. (NASDAQ:FLIR) has "Buy" rating given on Friday, October 7 by Seaport Global Securities.

NASDAQ ETFC opened at $60.48 on Tuesday. Finally, BidaskClub raised shares of E-Trade from a "buy" rating to a "strong-buy" rating in a research note on Saturday, February 17th. (NASDAQ:SBGI) has declined 20.99% since April 21, 2017 and is downtrending. (NASDAQ:HOLX) on Thursday, July 13 with "Buy" rating. Piper Jaffray maintained Hologic, Inc. The firm has "Market Outperform" rating by JMP Securities given on Thursday, March 29. (NASDAQ:ISBC) earned "Buy" rating by RBC Capital Markets on Friday, October 27. Sandler O'Neill maintained E*TRADE Financial Corporation (NASDAQ:ETFC) rating on Monday, January 8. The firm has "Buy" rating given on Monday, February 12 by SunTrust.

Investors sentiment increased to 1.06 in 2017 Q4. Its down 0.14, from 1.1 in 2017Q3. Meiji Yasuda Asset Management invested in 6,760 shares or 0.03% of the stock. 70 funds opened positions while 94 raised stakes. Sadoff Investment Mgmt reported 615,594 shares. Sun Life Financial Inc reported 595 shares. (NASDAQ:ISBC) for 24,600 shares. Asset Management Inc invested 0.04% of its portfolio in E*TRADE Financial Corporation (NASDAQ:ETFC). Assetmark has invested 0% of its capital in E*TRADE Financial Corporation (NASDAQ:ETFC). Sterling Capital Management Limited Liability Corp has 2.66M shs for 1.19% of their capital. Cubist Systematic Strategies Limited Liability Company owns 63,062 shares. Jacobs Levy Equity Management holds 42,700 shares. Oppenheimer & Communications Inc stated it has 7,500 shs. Texas-based Moody Bancshares Division has invested 0.02% in Hologic, Inc. (NASDAQ:ISBC) or 540,000 shares. That's 2.73% down from 5.84M shares. Bessemer stated it has 274 shares. (NASDAQ:ISBC). Blue Harbour Gp Limited Partnership has 14.59% invested in Investors Bancorp, Inc. 264.36 million shares or 0.45% less from 265.54 million shares in 2017Q3 were reported.

E*TRADE Financial Corporation had 6 insider sales and 0 buys since January 30, 2018.

In other E-Trade news, CFO Michael A. Pizzi sold 69,829 shares of the company's stock in a transaction on Thursday, February 8th.

On 2/7/2018 Rodger A Lawson, Chairman, sold 3,853 with an average share price of $51.95 per share and the total transaction amounting to $200,163.35. $5.96M worth of E*TRADE Financial Corporation (NASDAQ:ETFC) was sold by Roessner Karl A on Wednesday, February 7. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company's stock. Therefore 83% are positive. As per Friday, May 27, the company rating was maintained by Deutsche Bank. Keefe Bruyette & Woods maintained it with "Hold" rating and $61.0 target in Thursday, January 25 report. On Friday, January 26 SunTrust maintained E*TRADE Financial Corporation (NASDAQ:ETFC) with "Buy" rating. The firm has "Buy" rating given on Wednesday, September 9 by Evercore. On Wednesday, January 10 the stock of E*TRADE Financial Corporation (NASDAQ:ETFC) has "Hold" rating given by Keefe Bruyette & Woods. Ejf Cap Limited Liability Corp has 2.18% invested in E*TRADE Financial Corporation (NASDAQ:ETFC) for 550,000 shs. Morgan Stanley has "Overweight" rating and $67 target. On Wednesday, April 11 the stock rating was maintained by Keefe Bruyette & Woods with "Buy".

E-Trade earned a media sentiment score of 0.28 on Accern's scale. It has change of 0.14, from 2017Q3's 1.1. It dived, as 37 investors sold ETFC shares while 161 reduced holdings. 124 rose holdings while 67 funds bought holdings. Investors holded 245.70 million in 2017Q3 but now own 238.15 million shares or 3.07% less.

E*Trade Financial Corporation is a financial services company. Nomura Holding invested 0% of its portfolio in E*TRADE Financial Corporation (NASDAQ:ETFC). Dorsey Wright reported 0.3% stake. Metropolitan Life Insur invested in 41,140 shares or 0.03% of the stock. Exxonmobil Mgmt Inc Tx owns 43,835 shares for 0.05% of their portfolio.

NASDAQ:ETFC - E-Trade (NASDAQ:ETFC) has insider ownership of 0.12% and institutional ownership of 93.65%. Guggenheim Llc owns 1.62M shs. Hexavest Incorporated invested in 0% or 4,000 shares. Moreover, Virtu Fincl Ltd Limited Liability Company has 0.1% invested in E*TRADE Financial Corporation (NASDAQ:ETFC).

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