Stock On the Run: E*TRADE Financial Corporation (ETFC)


The Company provides online brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial. The Firm operates through two divisions: Commercial Lending and Asset Management. It has a 32.81 P/E ratio. Quadrant Capital Group LLC grew its stake in E*TRADE Financial Corporation by 21.8% in the second quarter. The overall volume in the last trading session was 2,974,792 shares. The stock was acquired at an average cost of $41.97 per share, for a total transaction of $209,850.00. On a Monthly basis the stock is 12.03%.

According to Globalstar, Inc.'s Insider ownership is at 0.10%.

Short traders are feeling a little more bearish on shares of the company recently if you pay attention to the increase in short interest.

Investors wait Flushing Financial Corporation (NASDAQ:FFIC) to report on October, 24. its quarterly earnings Wall Street analysts expect $0.44 earnings per share, up $0.05 or 12.82 % from last year's $0.39 same quarter earnings. It has outperformed by 21.91% the S&P500. About 694,288 shares traded. (NYSE:NCI) has risen 27.76% since October 10, 2016 and is uptrending. It has outperformed by 61.98% the S&P500. The financial services provider reported $0.52 EPS for the quarter, topping the Zacks' consensus estimate of $0.48 by $0.04. Meeder Asset Mgmt invested in 1,148 shares or 0% of the stock. NCI's profit would be $14.49M giving it 13.67 P/E if the $0.31 EPS is correct. After $0.52 actual earnings per share reported by E*TRADE Financial Corp for the previous quarter, Wall Street now forecasts -3.85% negative EPS growth.

E*TRADE Financial Corporation (ETFC) opened at 43.99 on Wednesday.

E*TRADE Financial Corporation announced that its board has approved a share repurchase program on Thursday, July 20th that authorizes the company to repurchase $1.00 billion in shares.

In other news, insider Michael John Curcio sold 33,474 shares of the firm's stock in a transaction on Wednesday, September 13th.

Investors sentiment increased to 1.24 in Q2 2017.

Since January 1, 0001, it had 0 insider purchases, and 6 sales for $777,353 activity. 10 funds opened positions while 38 raised stakes. On average, equities research analysts anticipate that E*TRADE Financial Corporation will post $2.24 earnings per share for the current fiscal year.

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Shares of E*TRADE Financial Corp (NASDAQ:ETFC) traded down 0.37% during midday trading on Wednesday, hitting $34.60. Deutsche Bank maintained E*TRADE Financial Corp (NASDAQ:ETFC) on Friday, January 8 with "Buy" rating. The company has a consensus rating of "Buy" and an average target price of $44.25.

The Goldman Sachs Group, Inc. Days to cover increased from 2.0 to 3.0 and the percentage of shorted shares is 0.02% as of September 15.

State Board Of Administration Of Florida Retirement Sys stated it has 0% of its portfolio in Flushing Financial Corporation (NASDAQ:FFIC). Advisory Services Limited Liability Corp owns 993 shares. Wells Fargo & Mn holds 0% or 30,381 shares. First Republic Investment Mngmt has 0% invested in E*TRADE Financial Corp (NASDAQ:ETFC) for 13,252 shares. Boston Prtnrs reported 0.01% stake.

Analysts have given a mean recommendation of 2.30 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 0 are positive.

E*TRADE Financial Corporation (NASDAQ:ETFC), maintained return on investment for the last twelve months at -, higher than what Reuters data shows regarding industry's average. These analysts will typically also include ratings and estimates in their reports. SunTrust Banks, Inc. reissued a buy rating on shares of E*TRADE Financial Corporation in a research report on Monday, July 24th. As per Thursday, October 29, the company rating was downgraded by Piper Jaffray.

07/25/2017 - E*TRADE Financial Corporation had its "equal-weight" rating reiterated by analysts at Morgan Stanley. RBC Capital Markets has "Outperform" rating and $35 target.

07/21/2017 - E*TRADE Financial Corporation had its "hold" rating reiterated by analysts at Jefferies. The rating was maintained by Keefe Bruyette & Woods on Thursday, July 20 with "Hold". As per Sunday, August 9, the company rating was maintained by Standpoint Research.

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