The stock of E*TRADE Financial Corp (NASDAQ:ETFC) hit a new 52-week high and has $45.43 target or 42.00% above today’s $31.99 share price. The 8 months bullish chart indicates low risk for the $9.22 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $45.43 price target is reached, the company will be worth $3.87B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 3.18 million shares traded hands. E*TRADE Financial Corp (NASDAQ:ETFC) has risen 34.55% since April 11, 2016 and is uptrending. It has outperformed by 28.41% the S&P500.
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. The firm earned “Buy” rating on Thursday, March 17 by Deutsche Bank. Deutsche Bank maintained E*TRADE Financial Corp (NASDAQ:ETFC) rating on Monday, July 18. Deutsche Bank has “Buy” rating and $28 price target. The stock has “Buy” rating given by Compass Point on Friday, July 24. The firm earned “Buy” rating on Monday, July 11 by Nomura. Barclays Capital maintained the stock with “Overweight” rating in Friday, October 23 report. The firm has “Overweight” rating by Barclays Capital given on Thursday, October 13. The stock has “Hold” rating given by Jefferies on Thursday, April 7. The stock of E*TRADE Financial Corp (NASDAQ:ETFC) earned “Buy” rating by Goldman Sachs on Tuesday, January 12. Barclays Capital maintained E*TRADE Financial Corp (NASDAQ:ETFC) rating on Friday, January 22. Barclays Capital has “Overweight” rating and $33 price target. The firm has “Buy” rating given on Friday, July 22 by Compass Point.
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 fall, 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.
Primecap Ca has 0.3% invested in the company for 11.91 million shares. Ngam Advisors Ltd Partnership, a Massachusetts-based fund reported 141,744 shares. Profund Advisors Llc last reported 60,935 shares in the company. Teachers Retirement System Of The State Of Kentucky has 41,100 shares for 0.01% of their US portfolio. Gateway Inv Advisers Ltd Liability Corporation reported 22,017 shares or 0% of all its holdings. Timber Hill Limited Liability has invested 0% of its portfolio in E*TRADE Financial Corp (NASDAQ:ETFC). Kcg Hldg last reported 0.02% of its portfolio in the stock. Herndon Capital Llc holds 26 shares or 0% of its portfolio. Lmr Prtn Llp accumulated 45,029 shares or 0.16% of the stock. Principal Financial Grp has 408,259 shares for 0.01% of their US portfolio. Signaturefd Lc has invested 0% of its portfolio in E*TRADE Financial Corp (NASDAQ:ETFC). New York Life Trust holds 0.2% of its portfolio in E*TRADE Financial Corp (NASDAQ:ETFC) for 1,794 shares. Retail Bank Of Hawaii reported 14,565 shares or 0.04% of all its holdings. Public Employees Retirement Association Of Colorado last reported 66,929 shares in the company. First Republic Inc has invested 0.02% of its portfolio in E*TRADE Financial Corp (NASDAQ:ETFC).
More news for E*TRADE Financial Corp (NASDAQ:ETFC) were recently published by: Nasdaq.com, which released: “E*Trade Financial Corp. Profit Rises 45% In Q3” on October 20, 2016. Marketwatch.com‘s article titled: “E*Trade swings to profit on OptionsHouse deal” and published on October 20, 2016 is yet another important article.
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.
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