New York: ETRADE Financial (NASDAQ:ETFC) Stock Has Just Had Its Outperform Rating Reiterated by Credit Suisse. Shares now Have a $71 Target

April 21, 2018 - By Peter Erickson

E*TRADE Financial Corporation (NASDAQ:ETFC) Logo

Investors sentiment decreased to 0.96 in Q4 2017. Its down 0.14, from 1.1 in 2017Q3. It worsened, as 37 investors sold E*TRADE Financial Corporation shares while 161 reduced holdings. 67 funds opened positions while 124 raised stakes. 238.15 million shares or 3.07% less from 245.70 million shares in 2017Q3 were reported.

Clinton Grp Incorporated stated it has 0.1% of its portfolio in E*TRADE Financial Corporation (NASDAQ:ETFC). Teachers Retirement Sys Of The State Of Kentucky holds 0.02% in E*TRADE Financial Corporation (NASDAQ:ETFC) or 29,150 shares. Meiji Yasuda Asset Management Com Limited has invested 0.03% in E*TRADE Financial Corporation (NASDAQ:ETFC). Bp Public Limited Co invested in 0.06% or 32,000 shares. Us Retail Bank De accumulated 0.03% or 187,966 shares. Bain Cap Pub Equity Mngmt Llc owns 312,174 shares for 1.12% of their portfolio. San Francisco Sentry Grp (Ca) holds 0% of its portfolio in E*TRADE Financial Corporation (NASDAQ:ETFC) for 205 shares. Wealthtrust accumulated 100 shares or 0% of the stock. Mendon Cap Corporation holds 0.47% or 100,000 shares. Focused Wealth Inc holds 0% or 5 shares. Stevens Capital Lp reported 22,170 shares. Mutual Of America Capital Mngmt Ltd has 34,961 shares for 0.03% of their portfolio. Art Advisors Lc owns 67,500 shares. Laurion L P has invested 0.12% of its portfolio in E*TRADE Financial Corporation (NASDAQ:ETFC). Shell Asset Mngmt Com stated it has 0.04% in E*TRADE Financial Corporation (NASDAQ:ETFC).

Since January 30, 2018, it had 0 buys, and 6 selling transactions for $12.52 million activity. Roessner Karl A sold $5.96M worth of stock or 115,059 shares. Shares for $1.77M were sold by Curcio Michael John on Wednesday, February 7. Pizzi Michael A. sold $3.60 million worth of E*TRADE Financial Corporation (NASDAQ:ETFC) on Wednesday, February 7. The insider SCLAFANI JOSEPH L sold 2,000 shares worth $105,500. Simonich Brent had sold 7,680 shares worth $407,040 on Tuesday, March 6.

ETRADE Financial (NASDAQ:ETFC) Rating Reaffirmed

They currently have a $71 target price on ETRADE Financial (NASDAQ:ETFC). The target price by Credit Suisse would suggest a potential upside of 17.39 % from the company’s current stock price. This has been disclosed to clients in a research note on Friday, 20 April.

Investors sentiment decreased to 0.96 in Q4 2017. Its down 0.14, from 1.1 in 2017Q3. It worsened, as 37 investors sold E*TRADE Financial Corporation shares while 161 reduced holdings. 67 funds opened positions while 124 raised stakes. 238.15 million shares or 3.07% less from 245.70 million shares in 2017Q3 were reported.

Clinton Grp Incorporated stated it has 0.1% of its portfolio in E*TRADE Financial Corporation (NASDAQ:ETFC). Teachers Retirement Sys Of The State Of Kentucky holds 0.02% in E*TRADE Financial Corporation (NASDAQ:ETFC) or 29,150 shares. Meiji Yasuda Asset Management Com Limited has invested 0.03% in E*TRADE Financial Corporation (NASDAQ:ETFC). Bp Public Limited Co invested in 0.06% or 32,000 shares. Us Retail Bank De accumulated 0.03% or 187,966 shares. Bain Cap Pub Equity Mngmt Llc owns 312,174 shares for 1.12% of their portfolio. San Francisco Sentry Grp (Ca) holds 0% of its portfolio in E*TRADE Financial Corporation (NASDAQ:ETFC) for 205 shares. Wealthtrust accumulated 100 shares or 0% of the stock. Mendon Cap Corporation holds 0.47% or 100,000 shares. Focused Wealth Inc holds 0% or 5 shares. Stevens Capital Lp reported 22,170 shares. Mutual Of America Capital Mngmt Ltd has 34,961 shares for 0.03% of their portfolio. Art Advisors Lc owns 67,500 shares. Laurion L P has invested 0.12% of its portfolio in E*TRADE Financial Corporation (NASDAQ:ETFC). Shell Asset Mngmt Com stated it has 0.04% in E*TRADE Financial Corporation (NASDAQ:ETFC).

Since January 30, 2018, it had 0 buys, and 6 selling transactions for $12.52 million activity. Roessner Karl A sold $5.96M worth of stock or 115,059 shares. Shares for $1.77M were sold by Curcio Michael John on Wednesday, February 7. Pizzi Michael A. sold $3.60 million worth of E*TRADE Financial Corporation (NASDAQ:ETFC) on Wednesday, February 7. The insider SCLAFANI JOSEPH L sold 2,000 shares worth $105,500. Simonich Brent had sold 7,680 shares worth $407,040 on Tuesday, March 6.

E*TRADE Financial Corporation (NASDAQ:ETFC) Ratings Coverage

Among 12 analysts covering E*TRADE Financial (NASDAQ:ETFC), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. E*TRADE Financial has $71 highest and $49 lowest target. $64.73’s average target is 7.03% above currents $60.48 stock price. E*TRADE Financial had 31 analyst reports since October 25, 2017 according to SRatingsIntel. The firm has “Hold” rating by Sandler O’Neill given on Friday, January 26. Sandler O’Neill maintained E*TRADE Financial Corporation (NASDAQ:ETFC) rating on Monday, January 8. Sandler O’Neill has “Hold” rating and $52.0 target. Sandler O’Neill maintained E*TRADE Financial Corporation (NASDAQ:ETFC) on Wednesday, March 14 with “Hold” rating. The rating was maintained by JMP Securities on Friday, April 20 with “Buy”. The firm has “Buy” rating by Keefe Bruyette & Woods given on Wednesday, April 11. The rating was maintained by Morgan Stanley on Tuesday, January 30 with “Overweight”. The rating was maintained by Jefferies with “Hold” on Monday, January 8. Jefferies maintained it with “Hold” rating and $58.0 target in Thursday, January 25 report. Morgan Stanley maintained the shares of ETFC in report on Tuesday, April 10 with “Overweight” rating. The company was maintained on Wednesday, January 10 by Keefe Bruyette & Woods.

The stock increased 2.80% or $1.65 during the last trading session, reaching $60.48. About 5.89 million shares traded or 93.82% up from the average. E*TRADE Financial Corporation (NASDAQ:ETFC) has risen 61.16% since April 21, 2017 and is uptrending. It has outperformed by 49.61% the S&P500.

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 $16.03 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 28.13 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.

E*TRADE Financial Corporation (NASDAQ:ETFC) Institutional Positions Chart

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