Ownership Action Report: E Trade Financial Corp Sentiment Worsening on Low Stock Potential

November 29, 2016 - By Clifton Ray   ·   0 Comments

Ownership Action Report: E Trade Financial Corp Sentiment Worsening on Low Stock Potential

Sentiment for E Trade Financial Corp (NASDAQ:ETFC)

E Trade Financial Corp (NASDAQ:ETFC) institutional sentiment increased to 0.88 in Q2 2016. Its up 0.10, from 0.78 in 2016Q1. The ratio increased, as 143 institutional investors started new and increased positions, while 184 reduced and sold their stock positions in E Trade Financial Corp. The institutional investors in our partner’s database now hold: 244.42 million shares, down from 256.87 million shares in 2016Q1. Also, the number of institutional investors holding E Trade Financial Corp in their top 10 positions increased from 2 to 5 for an increase of 3. Sold All: 42 Reduced: 142 Increased: 97 New Position: 46.

E*Trade Financial Corporation is a financial services company. The company has a market cap of $9.11 billion. The Firm provides brokerage and related services and products primarily to individual retail investors under the brand E*TRADE Financial. It has a 18.73 P/E ratio. The Firm also provides investor-focused banking products, primarily sweep deposits, to retail investors.

About 714,072 shares traded hands. E*TRADE Financial Corp (NASDAQ:ETFC) has risen 29.06% since April 26, 2016 and is uptrending. It has outperformed by 23.80% the S&P500.

Analysts await E*TRADE Financial Corp (NASDAQ:ETFC) to report earnings on January, 19. They expect $0.41 EPS, up 36.67% or $0.11 from last year’s $0.3 per share. ETFC’s profit will be $109.66M for 20.77 P/E if the $0.41 EPS becomes a reality. After $0.51 actual EPS reported by E*TRADE Financial Corp for the previous quarter, Wall Street now forecasts -19.61% negative EPS growth.

According to Zacks Investment Research, “E*TRADE Financial Corp was incorporated in California in 1982 and reincorporated in Delaware in July 1996. It is a financial services company and an online brokerage industry. The Company offers easy to use solutions for individual investors and stock plan participants. The Company offers its customers to take control of its financial futures by providing the products, tools, services and advice they need to meet their near and long term investing goals. The Company provides these services to customers both online and through their network of customer service representatives and Financial Consultants – over the phone and in person at 30 company branches across the United States. The company operates a bank with the primary purpose of maximizing the value of deposits generated though its brokerage business.”

Southpoint Capital Advisors Lp holds 5.65% of its portfolio in E*TRADE Financial Corp for 4.50 million shares. Glenhill Advisors Llc owns 2.19 million shares or 3.72% of their US portfolio. Moreover, Stanley Capital Management Llc has 3.16% invested in the company for 133,761 shares. The New York-based Bluemar Capital Management Llc has invested 3% in the stock. Pennant Capital Management Llc, a New Jersey-based fund reported 3.79 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 1 sale for $261,290 net activity.

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

Ratings analysis reveals 67% of E*TRADE’s analysts are positive. Out of 15 Wall Street analysts rating E*TRADE, 10 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $25 while the high is $35. The stock’s average target of $31.06 is -8.81% below today’s ($34.06) share price. ETFC was included in 43 notes of analysts from July 24, 2015. The rating was maintained by Nomura on Monday, April 4 with “Buy”. The firm has “Neutral” rating by Bank of America given on Thursday, October 13. As per Thursday, September 22, the company rating was maintained by CLSA. The rating was maintained by Standpoint Research on Sunday, August 9 with “Hold”. As per Wednesday, September 21, the company rating was maintained by Credit Suisse. The stock has “Equal-Weight” rating given by Morgan Stanley on Monday, September 26. The rating was maintained by Compass Point with “Buy” on Friday, January 22. The company was maintained on Thursday, October 13 by Barclays Capital. On Monday, July 11 the stock rating was maintained by Nomura with “Buy”. The rating was maintained by Deutsche Bank on Friday, May 27 with “Buy”.

ETFC Company Profile

E*Trade Financial Corporation, incorporated on September 4, 2003, is a financial services company. The Firm provides brokerage and related services and products primarily to individual retail investors under the brand E*TRADE Financial. The Firm also provides investor-focused banking products, primarily sweep deposits, to retail investors. The Firm operates in two divisions: trading and investing, and balance sheet management. The Company’s hybrid service delivery model is delivered through various digital platforms: E*TRADE.com, E*TRADE Mobile and E*TRADE Pro. E*TRADE.com is its site that provides clients with tools, guidance, actionable ideas, research and education to take control of their finances. E*TRADE Mobile offers trading applications for various smartphones and tablets. E*TRADE Pro is its trading platform for active and elite traders, with tools and customizable layouts.

Another recent and important E*TRADE Financial Corp (NASDAQ:ETFC) news was published by Businesswire.com which published an article titled: “E*TRADE Financial Corporation Reports Monthly Activity for October 2016” on November 14, 2016.

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By Clifton Ray


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