E Trade Financial Corp (NASDAQ:ETFC) Shifting Institutional Investors Sentiment

12 October, 2017, 03:28 | Author: Leticia Walters

Let's take a look at analyst target price estimates on the stock. It has surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. These ratios are other measures of operational efficiency and performance.

A number of equities research analysts have recently weighed in on ETFC shares. Instinet reissued a buy rating and issued a $47.00 target price (up previously from $44.00) on shares of E*TRADE Financial Corporation in a report on Saturday, July 22nd. The stock's average target of $38.05 is -13.91% below today's ($44.2) share price. Compass Point maintained E*TRADE Financial Corp (NASDAQ:ETFC) on Friday, January 22 with "Buy" rating.

July 11 investment analysts at Jefferies kept the stock rating at "Hold" but raised the price target from $31.00 to $39.00. The company was upgraded on Monday, December 19 by Suntrust Robinson.

Shares of E*TRADE Financial Corp (NASDAQ:ETFC) traded down 0.37% during midday trading on Wednesday, hitting $34.60.

E*TRADE Financial Corporation was upgraded to "buy" by analysts at Bank of America Merrill Lynch. As per Thursday, July 20, the company rating was maintained by Keefe Bruyette & Woods. E*TRADE Financial Corporation has a 12-month low of $27.33 and a 12-month high of $45.70. In looking the SMA 50 we see that the stock has seen a 7.59% while it has a distance of 18.86% from the 200 days simple moving average.

E*TRADE Financial Corporation (NASDAQ:ETFC) last posted its earnings results on Thursday, July 20th. After $0.10 actual earnings per share reported by NewStar Financial Inc for the previous quarter, Wall Street now forecasts 30.00% EPS growth. The business had revenue of $577.00 million for the quarter, compared to analysts' expectations of $553.31 million. Prudential Fin has invested 0.02% in E*TRADE Financial Corp (NASDAQ:ETFC). They expect $0.50 earnings per share, down 1.96% or $0.01 from last year's $0.51 per share. During the same quarter a year ago, the company earned $0.48 EPS. The average analysts gave this company a mean recommendation of 2.30.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this story on another website, it was copied illegally and reposted in violation of United States & worldwide trademark and copyright legislation. The author does not have any position in the stock mentioned and in no way is recommending to Buy or Sell Flushing Financial Corporation. This repurchase authorization authorizes the financial services provider to repurchase up to 9.2% of its stock through open market purchases. A rating of 1 would be equivalent to a Strong Buy, and a rating of 5 would indicate a Strong Sell rating. This means that the stock's daily price swings have been less extreme in recent times compared to the past. Following the transaction, the insider now directly owns 267,151 shares in the company, valued at approximately $10,787,557.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The shares were sold at an average price of $40.38, for a total transaction of $1,351,680.12. The shares were sold at an average price of $33.03, for a total value of $262,489.41. Mendon Capital Advisors Corp acquired 100,000 shares as E Trade Financial Corp (ETFC)'s stock declined 8.39%. Citigroup Inc has 3,047 shares for 0% of their portfolio.

A number of other hedge funds have also added to or reduced their stakes in ETFC.

06/12/2017 - E*TRADE Financial Corporation had its "outperform" rating reiterated by analysts at Wells Fargo. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of E*TRADE Financial Corp by 107.5% in the fourth quarter. Morgan Stanley boosted its stake in E*TRADE Financial Corporation by 272.0% in the 1st quarter.

Flushing Financial Corporation is the bank holding firm for Flushing Bank. FMR LLC now owns 10,737,023 shares of the financial services provider's stock worth $408,329,000 after purchasing an additional 2,096,445 shares in the last quarter.

Recent trading patterns in the stock of Masco Corporation (NYSE:MAS) have investors on high alert.

E*Trade Financial Corporation is a financial services company. The Firm provides online 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.

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