E*TRADE Financial Corp’s Trend Up, Especially After This Options Activity


 E*TRADE Financial Corp's Trend Up, Especially After This Options Activity

In today’s session E*TRADE Financial Corp (ETFC) registered an unusually high (924) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious ETFC increase. With 924 contracts traded and 21364 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: ETFC161021C00028000 closed last at: $1.58 or 36.2% up. About 2.28 million shares traded hands. E*TRADE Financial Corp (NASDAQ:ETFC) has risen 16.48% since March 1, 2016 and is uptrending. It has outperformed by 7.24% the S&P500.

Analysts await E*TRADE Financial Corp (NASDAQ:ETFC) to report earnings on October, 27. They expect $0.39 earnings per share, up 18.18% or $0.06 from last year’s $0.33 per share. ETFC’s profit will be $106.31 million for 18.65 P/E if the $0.39 EPS becomes a reality. After $0.48 actual earnings per share reported by E*TRADE Financial Corp for the previous quarter, Wall Street now forecasts -18.75% negative EPS growth.

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

Out of 14 analysts covering E*TRADE (NASDAQ:ETFC), 10 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 71% are positive. $35 is the highest target while $25 is the lowest. The $30.88 average target is 6.15% above today’s ($29.09) stock price. E*TRADE has been the topic of 41 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating given on Wednesday, September 9 by Barclays Capital. The stock of E*TRADE Financial Corp (NASDAQ:ETFC) has “Buy” rating given on Thursday, March 17 by Deutsche Bank. Barclays Capital maintained the shares of ETFC in a report on Tuesday, August 9 with “Overweight” rating. As per Thursday, September 22, the company rating was maintained by CLSA. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, September 9 report. Goldman Sachs downgraded the shares of ETFC in a report on Tuesday, January 12 to “Buy” rating. The firm has “Hold” rating given on Sunday, August 9 by Standpoint Research. The company was maintained on Monday, July 18 by Deutsche Bank. The rating was maintained by Credit Suisse on Monday, February 22 with “Outperform”. The company was downgraded on Friday, July 22 by Goldman Sachs.

Insitutional Activity: The institutional sentiment decreased to 0.78 in Q2 2016. Its down 0.01, from 0.79 in 2016Q1. The ratio dived, as 42 funds sold all E*TRADE Financial Corp shares owned while 142 reduced positions. 46 funds bought stakes while 97 increased positions. They now own 244.42 million shares or 4.84% less from 256.87 million shares in 2016Q1.
Principal Inc has 0.01% invested in the company for 408,259 shares. New York Life Tru last reported 0.2% of its portfolio in the stock. Franklin Resource has 0% invested in the company for 17,100 shares. Federated Pa accumulated 0% or 29,431 shares. Moreover, Teacher Retirement Of Texas has 0.02% invested in E*TRADE Financial Corp (NASDAQ:ETFC) for 141,758 shares. Benjamin F Edwards And holds 0% or 3 shares in its portfolio. Us National Bank & Trust De has 257,574 shares for 0.02% of their US portfolio. Westpac Bk reported 16,530 shares or 0% of all its holdings. Sumitomo Mitsui Tru Holdings holds 766,880 shares or 0.03% of its portfolio. Prudential Finance Inc has 734,880 shares for 0.03% of their US portfolio. Rbf Limited has 0.05% invested in the company for 10,000 shares. Srb accumulated 0.02% or 5,309 shares. Alliancebernstein Ltd Partnership has 0.01% invested in the company for 559,112 shares. Putnam Investments Ltd Liability Com holds 0.11% or 1.89M shares in its portfolio. Huntington Comml Bank has 931 shares for 0% of their US portfolio.

Insider Transactions: Since April 25, 2016, the stock had 0 insider buys, and 2 selling transactions for $540,999 net activity. Another trade for 3,994 shares valued at $104,716 was sold by Simonich Brent. 16,828 shares were sold by Roessner Karl A, worth $436,283.

E*Trade Financial Corporation is a financial services company. The company has a market cap of $7.93 billion. The Firm provides brokerage and related services and products primarily to individual retail investors under the brand E*TRADE Financial. It has a 36.97 P/E ratio. The Firm also provides investor-focused banking products, primarily sweep deposits, to retail investors.

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