E*TRADE Financial Corporation (ETFC) Forms Wedge Up Chart Pattern at $61.67

June 29, 2018 - By Ira Colvard

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

Big Money Sentiment decreased to 0.88 in 2018 Q1. It has change of 0.08, from 2017Q4’s 0.96. The ratio dropped due to E*TRADE Financial Corporation positioning: 39 sold and 168 reduced. 60 funds amassed stakes and 122 increased stakes. Investors holded 238.15 million in 2017Q4 but now own 236.43 million shares or 0.72% less.
Yorktown & Rech Co holds 0.18% or 11,000 shs. Nuveen Asset Mngmt Limited Com holds 0.13% of its capital in E*TRADE Financial Corporation (NASDAQ:ETFC) for 367,916 shs. Voya Mngmt Ltd Co has 0.02% invested in E*TRADE Financial Corporation (NASDAQ:ETFC) for 136,302 shs. Moreover, Northcoast Asset Llc has 0.13% invested in E*TRADE Financial Corporation (NASDAQ:ETFC). Renaissance Limited Liability Corp stated it has 506,440 shs or 0.03% of all its holdings. Proshare Advsr Limited Co reported 104,490 shs or 0.04% of all its holdings. The Ontario – Canada-based Guardian Capital Ltd Partnership has invested 0.01% in E*TRADE Financial Corporation (NASDAQ:ETFC). Ssi Inv Mngmt Incorporated reported 4,496 shs or 0.02% of all its holdings. Lpl Financial Lc owns 54,505 shs or 0.01% of their US capital. Global X Ltd Liability invested in 0.01% or 10,659 shs. Dupont stated it has 25,703 shs. Dekabank Deutsche Girozentrale, a Germany-based fund reported 44,787 shs. Mitchell Cap Mngmt Co stated it has 98,830 shs. Kentucky Retirement Insur Tru Fund, a Kentucky-based fund reported 6,097 shs. Calamos Wealth Management Limited Co, a Illinois-based fund reported 18,081 shs.

E*TRADE Financial Corporation had 6 selling transactions and 0 insider buys since January 30, 2018. This’s net activity of $12.52 million. On Wednesday, February 7 $3.60 million worth of stock was sold by Pizzi Michael A.. LAWSON RODGER A sold $675,418 worth of E*TRADE Financial Corporation (NASDAQ:ETFC) or 13,174 shs on Wednesday, February 7. 2,000 E*TRADE Financial Corporation (NASDAQ:ETFC) shs with value of $105,500 were sold by SCLAFANI JOSEPH L. 7,680 shs were sold by Simonich Brent, worth $407,040. Another trade for 115,059 shs valued at $5.96 million was sold by Roessner Karl A.

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.

ETFC touched $61.67 during the last trading session after $0.08 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&P500 by 69.70%.

On July, 19. Investors wait E*TRADE Financial Corporation (NASDAQ:ETFC) to announce its quarterly earnings, RTT reports. Analysts predict $0.88 earnings per share, which is $0.36 up or 69.23 % from 2017’s $0.52 earnings per share. The profit will be $232.21 million for ETFC if $0.88 earnings per share becomes true. Analysts at Wall Street see E*TRADE Financial Corporation’s 0.00 % EPS growth compared to $0.88 earnings per share for previous quarter.

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

In total 14 analysts cover E*TRADE Financial (NASDAQ:ETFC). “Buy” rating has 12, “Sell” are 0, while 2 are “Hold”. 86% are bullish. 29 are the (NASDAQ:ETFC)’s analyst reports since January 3, 2018 according to StockzIntelligence Inc. On Friday, April 6 Deutsche Bank maintained E*TRADE Financial Corporation (NASDAQ:ETFC) rating. Deutsche Bank has “Buy” rating and $63 target. In Friday, January 26 report Sandler O’Neill maintained the stock with “Hold” rating. On Thursday, March 29 the company was maintained by JMP Securities. On Monday, January 8 the firm earned “Hold” rating by Jefferies. On Wednesday, March 14 Sandler O’Neill maintained E*TRADE Financial Corporation (NASDAQ:ETFC) with “Hold” rating. On Monday, March 12 the stock of E*TRADE Financial Corporation (NASDAQ:ETFC) earned “Strong Buy” rating by Raymond James. In Friday, April 20 report Credit Suisse maintained the stock with “Outperform” rating. On Thursday, January 25 the stock has “Hold” rating by Keefe Bruyette & Woods. On Friday, April 20 the stock of E*TRADE Financial Corporation (NASDAQ:ETFC) earned “Hold” rating by Sandler O’Neill. In Wednesday, January 10 report Keefe Bruyette & Woods maintained it with “Hold” rating and $58.0 target.

There’s a significant E*TRADE Financial Corporation (NASDAQ:ETFC) news announced by Streetinsider.com. It’s a report 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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