E*TRADE Financial Corp Stock Price Could Go Down After Today’s Bearish Options Activity

 E*TRADE Financial Corp Stock Price Could Go Down After Today's Bearish Options Activity

In today’s session E*TRADE Financial Corp (ETFC) recorded an unusually high (2,000) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious ETFC decrease. With 2,000 contracts traded and 2654 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: ETFC161021P00028000 closed last at: $0.51 or 22.7% down. About 883,375 shares traded hands. E*TRADE Financial Corp (NASDAQ:ETFC) has risen 13.34% since March 15, 2016 and is uptrending. It has outperformed by 7.85% the S&P500.

Analysts await E*TRADE Financial Corp (NASDAQ:ETFC) to report earnings on October, 27. They expect $0.39 EPS, up 18.18% or $0.06 from last year’s $0.33 per share. ETFC’s profit will be $105.32M for 18.23 P/E if the $0.39 EPS becomes a reality. After $0.48 actual EPS 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 15 analysts covering E*TRADE (NASDAQ:ETFC), 10 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 67% are positive. E*TRADE has been the topic of 43 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Credit Suisse maintained E*TRADE Financial Corp (NASDAQ:ETFC) on Wednesday, September 21 with “Outperform” rating. On Thursday, October 13 the stock rating was maintained by Barclays Capital with “Overweight”. Morgan Stanley initiated E*TRADE Financial Corp (NASDAQ:ETFC) rating on Monday, September 26. Morgan Stanley has “Equal-Weight” rating and $29 price target. As per Friday, July 22, the company rating was maintained by Compass Point. The rating was maintained by Jefferies on Thursday, April 7 with “Hold”. Deutsche Bank maintained E*TRADE Financial Corp (NASDAQ:ETFC) rating on Monday, July 18. Deutsche Bank has “Buy” rating and $28 price target. Credit Agricole initiated the stock with “Outperform” rating in Tuesday, October 13 report. RBC Capital Markets maintained E*TRADE Financial Corp (NASDAQ:ETFC) on Wednesday, September 9 with “Outperform” rating. SunTrust initiated E*TRADE Financial Corp (NASDAQ:ETFC) on Wednesday, March 23 with “Neutral” rating. The stock has “Buy” rating given by Goldman Sachs on Tuesday, January 12.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.78 in Q2 2016. Its down 0.01, from 0.79 in 2016Q1. The ratio worsened, 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.
Mirae Asset Glob Invests owns 49,826 shares or 0.03% of their US portfolio. The New York-based Mutual Of America Ltd Limited Liability Company has invested 0.02% in E*TRADE Financial Corp (NASDAQ:ETFC). Gp One Trading Lp has invested 0% of its portfolio in E*TRADE Financial Corp (NASDAQ:ETFC). Moreover, Kistler has 0% invested in E*TRADE Financial Corp (NASDAQ:ETFC) for 158 shares. Point72 Asia (Hong Kong) accumulated 0.93% or 33,998 shares. Fisher Asset Mgmt Limited Liability Company accumulated 1.11 million shares or 0.05% of the stock. Bnp Paribas Inv Sa owns 11,981 shares or 0% of their US portfolio. Legal & General Group Incorporated Public Limited Com has 1.24M shares for 0.03% of their US portfolio. Panagora Asset Mgmt Incorporated last reported 573,166 shares in the company. Credit Agricole S A has 0.05% invested in the company for 605,760 shares. One Natl Association last reported 0.06% of its portfolio in the stock. The Washington-based Rainier Invest Mngmt Limited Liability Co has invested 0.53% in E*TRADE Financial Corp (NASDAQ:ETFC). Financial Bank Of America De accumulated 787,997 shares or 0% of the stock. Babson Capital Ltd Com has 0.04% invested in the company for 72,354 shares. The United Kingdom-based Aviva Public Ltd has invested 0.03% in E*TRADE Financial Corp (NASDAQ:ETFC).

Insider Transactions: Since April 25, 2016, the stock had 0 insider buys, and 2 selling transactions for $540,999 net activity. $436,283 worth of E*TRADE Financial Corp (NASDAQ:ETFC) was sold by Roessner Karl A. 3,994 shares were sold by Simonich Brent, worth $104,716.

E*Trade Financial Corporation is a financial services company. The company has a market cap of $7.68 billion. The Firm provides brokerage and related services and products primarily to individual retail investors under the brand E*TRADE Financial. It has a 36.13 P/E ratio. The Firm also provides investor-focused banking products, primarily sweep deposits, to retail investors.

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.

More news for E*TRADE Financial Corp (NASDAQ:ETFC) were recently published by: Prnewswire.com, which released: “Investment Brokerage Stocks Technical Reports — E*TRADE Financial, Goldman …” on October 17, 2016. Businesswire.com‘s article titled: “E*TRADE Financial Corporation Announces Third Quarter 2016 Earnings Conference …” and published on October 06, 2016 is yet another important article.

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