E*TRADE Financial Corporation (ETFC) Forms Wedge Up Pattern Trading at $61.67

June 29, 2018 - By Ricky Cave

E*TRADE Financial Corporation (NASDAQ:ETFC) Corporate Logo

During Q1 2018 the big money sentiment decreased to 0.88. That’s change of 0.08, from 2017Q4’s 0.96. 39 investors sold all, 168 reduced holdings as E*TRADE Financial Corporation ratio fall. 122 grew stakes while 60 funds amassed stakes. Funds hold 236.43 million shares thus 0.72% less from 2017Q4’s 238.15 million shares.
Advisor Ptnrs Ltd Liability Corporation stated it has 0.04% of its capital in E*TRADE Financial Corporation (NASDAQ:ETFC). Barometer Capital Mgmt Inc has 0.43% invested in E*TRADE Financial Corporation (NASDAQ:ETFC) for 92,900 shs. First Advsr L P invested in 0.48% or 3.75M shs. Federated Invsts Inc Pa accumulated 125,629 shs or 0.02% of the stock. Systematic Finance L P, a New Jersey-based fund reported 500,032 shs. Pdts Prtn Limited Liability stated it has 0.28% in E*TRADE Financial Corporation (NASDAQ:ETFC). Ibm Retirement Fund reported 0.06% of its capital in E*TRADE Financial Corporation (NASDAQ:ETFC). Old National Bancorp In holds 0.06% or 19,435 shs. Landscape Capital Limited Liability Com reported 0.15% stake. Ubs Asset Management Americas reported 897,893 shs. Suntrust Banks Inc stated it has 0% in E*TRADE Financial Corporation (NASDAQ:ETFC). Livforsakringsbolaget Skandia Omsesidigt stated it has 4,200 shs or 0.02% of all its holdings. Point72 Asia (Hong Kong) Ltd holds 6,221 shs or 0.18% of its capital. Strs Ohio stated it has 0.34% of its capital in E*TRADE Financial Corporation (NASDAQ:ETFC). Tiverton Asset Mgmt Ltd Com owns 965 shs or 0% of their US capital.

E*TRADE Financial Corporation registered $12.52 million net activity with 0 insider purchases and 6 insider sales since January 30, 2018. On Wednesday, February 7 $5.96M worth of stock was sold by Roessner Karl A. 7,680 shs valued at $407,040 were sold by Simonich Brent on Tuesday, March 6. On Wednesday, February 7 Shares for $675,418 were sold by LAWSON RODGER A. 34,158 shs were sold by Curcio Michael John, worth $1.77 million on Wednesday, February 7. Pizzi Michael A. sold 69,829 shs worth $3.60 million.

E*TRADE Financial Corporation (ETFC) formed up wedge with $63.52 price target or 3.00 % above Jun, 29, $61.67 stock price. The company’s valuation will be $488.19M more at $63.52 price target.

The stock increased 0.12% or $0.08 during the last trading session, hitting $61.67.E*TRADE Financial Corporation has volume of 647,247 shares. Since June 29, 2017 ETFC has risen 82.27% and is uptrending. The stock outperformed the S&P500 by 69.70%.

E*TRADE Financial Corporation (NASDAQ:ETFC)’s earnings report is anticipated on July, 19., Zacks reports. The EPS diference is $0.36 or 69.23 % up from last years number. Previous year: $0.52; Analysts forcast: $0.88. ETFC’s profit could be $232.21M with 17.52 P/E in case $0.88 EPS is reported. After $0.88 EPS report last quarter, Wall Street now predicts 0.00 % EPS growth of E*TRADE Financial Corporation.

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

In total 14 analysts cover E*TRADE Financial (NASDAQ:ETFC). “Buy” rating has 12, “Sell” are 0, while 2 are “Hold”. 86% are bullish. 29 are the (NASDAQ:ETFC)’s analyst reports since January 3, 2018 according to StockzIntelligence Inc. On Tuesday, March 6 the firm has “Outperform” rating by Wood given. On Tuesday, April 10 the firm has “Overweight” rating by Morgan Stanley given. On Wednesday, March 14 the firm has “Hold” rating by Sandler O’Neill given. The company rating was maintained by Jefferies on Monday, January 8. On Monday, May 21 the firm has “Buy” rating by Wells Fargo given. In Wednesday, January 10 report Keefe Bruyette & Woods maintained it with “Hold” rating and $58.0 target. On Monday, March 12 the stock has “Strong Buy” rating by Raymond James. On Thursday, January 25 the stock of E*TRADE Financial Corporation (NASDAQ:ETFC) has “Hold” rating given by Keefe Bruyette & Woods. On Tuesday, April 10 the stock has “Hold” rating by Jefferies. On Friday, April 6 the stock of E*TRADE Financial Corporation (NASDAQ:ETFC) has “Buy” rating given by Deutsche Bank.

There’s a substantial E*TRADE Financial Corporation (NASDAQ:ETFC) news posted by Streetinsider.com. It’s an item titled: “E*TRADE Financial (ETFC) May DARTs Increase 1% MoM” on June 14, 2018.

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

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