A Reversal for E*TRADE Financial Corporation (ETFC) Is Not Near. The Stock Reaches 52-Week High Today

January 14, 2018 - By Henry Gaston

Investors sentiment decreased to 1.1 in 2017 Q3. Its down 0.14, from 1.24 in 2017Q2. It fall, 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.
Westpac Bk holds 0.02% in E*TRADE Financial Corporation (NASDAQ:ETFC) or 15,868 shares. The Massachusetts-based Advent Ma has invested 0.16% in E*TRADE Financial Corporation (NASDAQ:ETFC). Atria Investments Ltd Liability Co holds 0.02% in E*TRADE Financial Corporation (NASDAQ:ETFC) or 6,639 shares. 113 are held by Whittier Trust Of Nevada. Loomis Sayles L P has invested 0% in E*TRADE Financial Corporation (NASDAQ:ETFC). Twin Mngmt reported 0.04% stake. Rothschild Asset Mgmt reported 965,076 shares or 0.46% of all its holdings. Beacon Fin accumulated 7,412 shares. Lmr Prtnrs Limited Liability Partnership invested in 0.09% or 19,963 shares. 38,163 were reported by State Of Alaska Department Of Revenue. Adage Capital Prtnrs Gp Lc, Massachusetts-based fund reported 943,341 shares. Kentucky Retirement Sys stated it has 16,866 shares or 0.06% of all its holdings. The British Columbia – Canada-based British Columbia Inv Mngmt Corporation has invested 0.05% in E*TRADE Financial Corporation (NASDAQ:ETFC). Glg Ltd holds 0.04% in E*TRADE Financial Corporation (NASDAQ:ETFC) or 12,490 shares. Raymond James And Assoc stated it has 169,031 shares.

Since August 18, 2017, it had 0 insider buys, and 5 sales for $2.74 million activity. 9,977 E*TRADE Financial Corporation (NASDAQ:ETFC) shares with value of $393,178 were sold by Pizzi Michael A.. Roessner Karl A had sold 14,898 shares worth $587,066. Shares for $59,157 were sold by LAWSON RODGER A on Tuesday, September 12.

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 company was maintained on Tuesday, July 25 by Morgan Stanley. The stock of E*TRADE Financial Corporation (NASDAQ:ETFC) has “Neutral” rating given on Friday, July 22 by Goldman Sachs. The firm earned “Buy” rating on Tuesday, January 10 by Goldman Sachs. The stock of E*TRADE Financial Corporation (NASDAQ:ETFC) has “Overweight” rating given on Friday, January 22 by Barclays Capital. Jefferies maintained E*TRADE Financial Corporation (NASDAQ:ETFC) on Thursday, April 7 with “Hold” rating. The stock of E*TRADE Financial Corporation (NASDAQ:ETFC) has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The firm has “Buy” rating by Bank of America given on Monday, October 9. Keefe Bruyette & Woods maintained the shares of ETFC in report on Thursday, July 20 with “Hold” rating. The company was maintained on Thursday, June 15 by Jefferies. The firm has “Neutral” rating given on Thursday, October 13 by Bank of America.

More notable recent E*TRADE Financial Corporation (NASDAQ:ETFC) news were published by: Nasdaq.com which released: “E*TRADE Financial November DARTs Up 15% From Prior Month” on December 15, 2017, also Businesswire.com with their article: “E*TRADE Financial Corporation Announces Fourth Quarter and Full Year 2017 …” published on January 11, 2018, 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: Bloomberg.com and their article: “E*Trade to Let Clients Trade Cboe Bitcoin Futures Contracts” published on December 20, 2017 as well as Seekingalpha.com‘s news article titled: “E*Trade allows CBOE bitcoin futures” with publication date: December 21, 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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