Fast Growing Stock in Focus: E*TRADE Financial Corporation (NASDAQ:ETFC)

Lloyd Doyle
May 18, 2018

According to a filing the fund decreased its stake in Churchill Downs Inc (NASDAQ:CHDN) by 95,619 shares to 1,899 shares, valued at $463,000 in 2018Q1. Comparatively, 38.5% of shares of all "Federal savings institutions" companies are held by institutional investors. The company has market cap of $16.80 billion. It is now trading 1.27% off that level. The 1-year high was reported on May, 14 by Barchart.com. It has outperformed by 65.23% the S&P500. Alpha Cubed Investments LLC owned about 0.09% of E-Trade worth $13,072,000 as of its most recent SEC filing. Institutional investors own 93.97% of the company's stock. 477,387 shares were bought by Ajo Lp as E Trade Financial (NASDAQ:ETFC) stock rose 8.77% while stock markets declined. About 622,756 shares traded. ETFC outperformed by 49.61% the S&P 500.

During 2017 Q4 the big money sentiment decreased to 0.96. Its down 0.14, from 1.1 in 2017Q3. 37 investors sold all, 161 reduced holdings as ETFC ratio dived. 67 funds opened positions while 124 raised stakes. Funds hold 238.15 million shares thus 3.07% less from 2017Q3's 245.70 million shares. Livforsakringsbolaget Skandia Omsesidigt reported 4,200 shares. LAWSON RODGER A sold $675,418 worth of stock or 13,174 shares. Panagora Asset owns 0.14% invested in E*TRADE Financial Corporation (NASDAQ:ETFC) for 739,188 shs. Cleararc Capital has 6,917 shares for 0.05% of their portfolio. Wellington Grp Inc Llp invested 0% of its capital in E*TRADE Financial Corporation (NASDAQ:ETFC). For all of next year, E*TRADE is expected to have earnings per share of $4.04 and $3.13 billion in revenue, underscoring the growth prospects for the brokerage. 587 were accumulated by Loomis Sayles & L P. Contravisory Inv Mgmt accumulated 8,105 shares. 36,187 are owned by Fdx Advisors Inc. C M Bidwell & has invested 0.8% in E*TRADE Financial Corporation (NASDAQ:ETFC).

This table compares E-Trade and its peers top-line revenue, earnings per share (EPS) and valuation.

ETFC registered $12.52 million net activity with 0 buys and 6 insider sales since January 30, 2018.

In related news, insider Brent Simonich sold 7,680 shares of the stock in a transaction that occurred on Tuesday, March 6th. On Wednesday, February 7 the insider Curcio Michael John sold $1.77M. Roessner Karl A sold $5.96M worth of stock. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company. Therefore 83% are positive. E*TRADE had 102 analyst reports since July 24, 2015 according to SRatingsIntel. On Friday, April 20 the stock rating was maintained by Sandler O'Neill with "Hold". Legal And General Plc stated it has 0.05% of its capital in E*TRADE Financial Corporation (NASDAQ:ETFC). Jefferies has "Hold" rating and $3700 target. E*TRADE Financial Corporation (NASDAQ:ETFC) has risen 61.16% since May 14, 2017 and is uptrending.


E-Trade presently has a consensus price target of $59.06, suggesting a potential downside of 6.16%. In Tuesday, January 30 report Morgan Stanley maintained it with "Overweight" rating and $64 target. Keefe Bruyette & Woods maintained the stock with "Hold" rating in Thursday, October 19 report. On Wednesday, January 10 the rating was maintained by Keefe Bruyette & Woods with "Hold". In Friday, January 26 report UBS maintained the stock with "Buy" rating.

Over the past 50 days, E*TRADE Financial Corporation's stock is -1.15% off of the high and 22.65% removed from the low. The rating was maintained by JMP Securities with "Buy" on Friday, April 20. Norinchukin Bank The raised its stake in E-Trade by 10.9% during the fourth quarter. It also reduced its holding in Iamgold Corp (NYSE:IAG) by 133,000 shares in the quarter, leaving it with 75,421 shares, and cut its stake in Vertex Pharmaceuticals Inc (NASDAQ:VRTX). More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) A Look Inside the Technicals" published on May 10, 2018 as well as Seekingalpha.com's news article titled: "Sears And Amazon: "A Beautiful Opportunity?" with publication date: "May 13, 2018.

Traders sold shares of E-Trade (NASDAQ:ETFC) on strength during trading on Tuesday.

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