Is E*TRADE Financial Corp a Buy? The Stock Had Bullish Options Activity Today

 Is E*TRADE Financial Corp a Buy? The Stock Had Bullish Options Activity Today

In today’s session E*TRADE Financial Corp (ETFC) registered an unusually high (5,001) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious ETFC increase. With 5,001 contracts traded and 50064 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: ETFC161216C00030000 closed last at: $2.2 or 96.4% up. About 650,552 shares traded hands. E*TRADE Financial Corp (NASDAQ:ETFC) has risen 36.23% since April 12, 2016 and is uptrending. It has outperformed by 31.25% 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. $35 is the highest target while $25 is the lowest. The $31.06 average target is -6.25% below today’s ($33.13) stock price. E*TRADE has been the topic of 43 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Friday, October 23 by Barclays Capital. As per Wednesday, September 9, the company rating was upgraded by Evercore. On Wednesday, March 23 the stock rating was initiated by SunTrust with “Neutral”. The stock has “Buy” rating given by Compass Point on Friday, July 22. The rating was downgraded by Bank of America on Thursday, October 13 to “Neutral”. Compass Point maintained it with “Buy” rating and $34 target price in Friday, July 24 report. The stock of E*TRADE Financial Corp (NASDAQ:ETFC) earned “Outperform” rating by CLSA on Thursday, September 22. Deutsche Bank maintained the shares of ETFC in a report on Thursday, June 16 with “Buy” rating. Credit Agricole initiated E*TRADE Financial Corp (NASDAQ:ETFC) on Tuesday, October 13 with “Outperform” rating. The firm earned “Outperform” rating on Monday, February 22 by Credit Suisse.

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 is negative, 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.
Dimensional Fund Advsrs L P last reported 2.01 million shares in the company. Dekabank Deutsche Girozentrale has 9,206 shares for 0% of their US portfolio. State Of Tennessee Treasury Department reported 212,808 shares or 0.03% of all its holdings. Clinton Inc holds 0.04% or 41,363 shares in its portfolio. Amp Capital Ltd holds 0.01% or 77,301 shares in its portfolio. Comerica Savings Bank has invested 0.02% of its portfolio in E*TRADE Financial Corp (NASDAQ:ETFC). Chicago Equity Prtnrs Limited Liability Com last reported 108,385 shares in the company. Tower Cap Ltd Limited Liability Company (Trc) holds 2,038 shares or 0% of its portfolio. Ubs Asset Mngmt Americas, a Illinois-based fund reported 726,131 shares. California Employees Retirement System has 0.03% invested in the company for 827,030 shares. Morgan Stanley holds 489,962 shares or 0% of its portfolio. C M Bidwell & Associate Limited last reported 307,335 shares in the company. Moreover, Espalier Global Management Ltd Limited Liability Company has 1.83% invested in E*TRADE Financial Corp (NASDAQ:ETFC) for 70,717 shares. The Michigan-based Plante Moran Advsrs Lc has invested 0% in E*TRADE Financial Corp (NASDAQ:ETFC). Livforsakringsbolaget Skandia Omsesidigt has 22,200 shares for 0.02% of their US portfolio.

E*Trade Financial Corporation is a financial services company. The company has a market cap of $9.32 billion. The Firm provides brokerage and related services and products primarily to individual retail investors under the brand E*TRADE Financial. It has a 18.22 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: Businesswire.com, which released: “E*TRADE Financial Corporation Reports Monthly Activity for October 2016” on November 14, 2016. Nasdaq.com‘s article titled: “E*Trade Financial Corp. Profit Rises 45% In Q3” and published on October 20, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment