E*TRADE Financial Corporation (ETFC) Has Wedge Up Pattern Trading At $61.67

June 29, 2018 - By Sergio Grout

E*TRADE Financial Corporation (NASDAQ:ETFC) Corporate Logo

Big Money Sentiment decreased to 0.88 in Q1 2018. It has change of 0.08, from 2017Q4’s 0.96. The ratio is negative due to E*TRADE Financial Corporation positioning: 39 sold and 168 reduced. 60 funds amassed holdings and 122 increased holdings. Investors holded 238.15 million in 2017Q4 but now own 236.43 million shares or 0.72% less.
Mitsubishi Ufj Trust & holds 548,972 shs or 0.05% of its capital. Laurion Management Limited Partnership accumulated 0.03% or 65,076 shs. Mason Street Lc stated it has 37,100 shs. Adage Capital Group Lc invested in 862,241 shs. 736,102 are owned by Jupiter Asset Management Limited. Liberty Mutual Gru Asset Mgmt Inc invested in 10,963 shs or 0.02% of the stock. Sector Pension Inv Board reported 14,765 shs. Columbus Circle holds 0.89% of its capital in E*TRADE Financial Corporation (NASDAQ:ETFC) for 795,204 shs. Toscafund Asset Mgmt Limited Liability Partnership holds 1.23 million shs or 37.69% of its capital. Profund Advsr stated it has 78,431 shs or 0.17% of all its holdings. Engineers Gate Manager Lp has 0.2% invested in E*TRADE Financial Corporation (NASDAQ:ETFC) for 52,970 shs. Toronto Dominion Bank has invested 0.02% of its capital in E*TRADE Financial Corporation (NASDAQ:ETFC). Plante Moran Fincl Advsrs Limited Liability Com has invested 0% in E*TRADE Financial Corporation (NASDAQ:ETFC). Deutsche Bancorp Ag accumulated 0.13% or 3.49 million shs. The California-based Meridian Investment Counsel has invested 0.25% in E*TRADE Financial Corporation (NASDAQ:ETFC).

E*TRADE Financial Corporation had 6 sales and 0 buys since January 30, 2018. This’s net activity of $12.52 million. Roessner Karl A sold $5.96 million worth of E*TRADE Financial Corporation (NASDAQ:ETFC) on Wednesday, February 7. On Wednesday, February 7 $1.77 million worth of E*TRADE Financial Corporation (NASDAQ:ETFC) was sold by Curcio Michael John. On Tuesday, March 6 7,680 shs were sold by Simonich Brent, worth $407,040. LAWSON RODGER A also sold $675,418 worth of E*TRADE Financial Corporation (NASDAQ:ETFC) on Wednesday, February 7. The insider Pizzi Michael A. sold $3.60 million.

E*TRADE Financial Corporation (ETFC) formed up wedge with $63.52 price target or 3.00 % above Jun, 29, $61.67 stock price. The company’s valuation will be $488.19M more at $63.52 price target.

Ticker’s shares touched $61.67 during the last trading session after 0.12% change.Currently E*TRADE Financial Corporation is uptrending after 82.27% change in last June 29, 2017. ETFC has 647,247 shares volume. ETFC outperformed the S&P 500 by 69.70%.

E*TRADE Financial Corporation (NASDAQ:ETFC)’s earnings report is anticipated by WallStreet on July, 19, according to Faxor. Analysts forecast $0.88 EPS. That’s $0.36 up or 69.23 % from 2017’s earnings of $0.52. If ETFC’s EPS is $0.88 the profit will be $232.21 million for 17.52 P/E. After $0.88 EPS was revealed last quarter, analysts now see EPS growth of 0.00 % for E*TRADE Financial Corporation.

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

Total analysts of 14 have positions in E*TRADE Financial (NASDAQ:ETFC) as follows: 12 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 86%. Since January 3, 2018 according to StockzIntelligence Inc E*TRADE Financial has 29 analyst reports. The stock rating was maintained by Deutsche Bank with “Buy” on Friday, April 6. On Monday, February 12 SunTrust maintained E*TRADE Financial Corporation (NASDAQ:ETFC) with “Buy” rating. On Wednesday, January 10 the firm has “Hold” rating by Keefe Bruyette & Woods given. On Friday, April 20 the firm has “Outperform” rating by Credit Suisse given. On Monday, January 8 the firm has “Hold” rating given by Jefferies. On Thursday, April 19 Jefferies maintained E*TRADE Financial Corporation (NASDAQ:ETFC) with “Hold” rating. In Thursday, March 29 report JMP Securities maintained the stock with “Market Outperform” rating. On Tuesday, April 10 the firm has “Overweight” rating by Morgan Stanley given. On Wednesday, March 14 Sandler O’Neill maintained E*TRADE Financial Corporation (NASDAQ:ETFC) with “Hold” rating. The company rating was upgraded by Keefe Bruyette & Woods on Tuesday, March 6.

There’s an important E*TRADE Financial Corporation (NASDAQ:ETFC) news released by Streetinsider.com. It’s an article titled: “E*TRADE Financial (ETFC) May DARTs Increase 1% MoM” on June 14, 2018.

E*TRADE Financial Corporation (NASDAQ:ETFC) Institutional Investors Chart

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