Economy

E*TRADE Financial Corporation (NASDAQ:ETFC) Valuation According To Analysts

The firm owned 211,915 shares of the bank's stock after purchasing an additional 35,318 shares during the period. Meridian Counsel reported 0.19% in E*TRADE Financial Corp (NASDAQ:ETFC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. MD now owns 21,402,581 shares of the financial services provider's stock valued at $623,243,000 after buying an additional 1,053,101 shares during the period. Nippon Life Glob Investors Americas Incorporated owns 318,800 shares. Picton Mahoney Asset Management raised its stake in E*TRADE Financial Corporation by 4.3% during the second quarter. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. HighTower Advisors LLC lifted its position in shares of Regions Financial Corporation by 5.1% in the 2nd quarter.

Comparing the number of shares sold short to the float is a method analysts often use to get a reading on investor sentiment. Finally, Junto Capital Management LP boosted its holdings in E*TRADE Financial Corporation by 144.3% in the 2nd quarter. BlackRock Fund Advisors now owns 4,718,782 shares of the financial services provider's stock valued at $137,411,000 after buying an additional 205,657 shares during the period. Adage Ptnrs Ltd Co invested in 672,441 shares or 0.06% of the stock.

E*TRADE Financial Corporation (ETFC) closed 17.53% above its 200-day moving average and is 6.47% above another chart threshold, its 50-day moving average. Following the transaction, the director now owns 40,792 shares in the company, valued at $1,712,040.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

In other E*TRADE Financial Corporation news, CEO Karl A. Roessner sold 8,578 shares of E*TRADE Financial Corporation stock in a transaction that occurred on Wednesday, September 13th. There are brokerage firms with lower targets than the average, including one setting a price target of $34. Following the transaction, the chief financial officer now directly owns 121,160 shares of the company's stock, valued at approximately $1,811,342. The disclosure for this sale can be found here. Insiders sold a total of 72,623 shares of company stock valued at $2,915,711 over the last ninety days.

ILLEGAL ACTIVITY NOTICE: This story was posted by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States & global copyright & trademark law. The original version of this article can be viewed at https://www.dispatchtribunal.com/2017/10/03/worth-venture-partners-llc-decreases-position-in-etrade-financial-corporation-etfc.html. Visa Inc (NYSE:V) has risen 20.29% since October 5, 2016 and is uptrending. Over the 52-week time span, the stock notched a high price of $43.8 and its minimum price was $27.34.

The company now has a P/E ratio of 20.68 and the market value is 12.19B.

Regions Financial Corporation (NYSE:RF) last announced its quarterly earnings results on Friday, July 21st. The financial services provider reported $0.52 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.48 by $0.04. E*TRADE Financial Corporation had a return on equity of 9.06% and a net margin of 28.42%. The average analyst recommendation for ETFC is 2.30, or a buy. During the same quarter previous year, the firm posted $0.20 earnings per share. On average, analysts forecast that E*TRADE Financial Corporation will post $2.26 earnings per share for the current fiscal year. Reliant Mngmt Ltd invested in 2.78% or 8,459 shares. The ex-dividend date was Thursday, September 7th. The Firm provides online brokerage and related services and products primarily to individual retail investors under the brand E*TRADE Financial. The Q4 2017 consensus earnings estimates for the company have stabilized at US$0.58 per share. The stock has "Mkt Perform" rating by Keefe Bruyette & Woods on Thursday, December 8.

The average 1-year price target for E*TRADE Financial Corporation (ETFC) - averaging the work of different analysts - reveals a mean PT of $45.4/share.

On July 21 Deutsche Bank maintained a stock rating of "Buy" but raised the price expectation from $28.00 to $47.00.

E*TRADE Financial Corporation declared that its board has authorized a share repurchase plan on Thursday, July 20th that permits the company to repurchase $1.00 billion in shares. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $43.00 price objective (up from $40.00) on shares of E*TRADE Financial Corporation in a report on Tuesday, July 25th. The average investment rating for ETFC on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 4.10 or a Moderate Buy. E*TRADE Financial Corporation now has an average rating of "Buy" and a consensus price target of $43.13.

Regions Financial Corporation is a financial holding company.



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