Could Etrade Financial Corporation (NASDAQ:ETFC) Change Direction After Less Shorts?

May 26, 2018 - By Marie Mckinney

E*TRADE Financial Corporation (NASDAQ:ETFC) Logo

Investors sentiment decreased to 0.96 in 2017 Q4. Its down 0.14, from 1.1 in 2017Q3. It turned negative, as 37 investors sold E*TRADE Financial Corporation shares while 161 reduced holdings. 67 funds opened positions while 124 raised stakes. 238.15 million shares or 3.07% less from 245.70 million shares in 2017Q3 were reported.
Green Square Capital Lc reported 9,969 shares or 0.07% of all its holdings. Jpmorgan Chase And Company stated it has 0% in E*TRADE Financial Corporation (NASDAQ:ETFC). Quantitative Systematic Strategies Llc invested in 0.24% or 19,220 shares. Bb&T accumulated 11,340 shares. Alpha Cubed Invs Llc stated it has 239,889 shares. First Citizens Savings Bank And Tru invested in 32,763 shares or 0.22% of the stock. Stevens Capital L P holds 0.04% in E*TRADE Financial Corporation (NASDAQ:ETFC) or 22,170 shares. Benjamin F Edwards And owns 142 shares or 0% of their US portfolio. Richard Bernstein Advsr Ltd Liability Co has invested 0.02% in E*TRADE Financial Corporation (NASDAQ:ETFC). Arrowgrass Cap Prtn (Us) Limited Partnership reported 0.02% stake. 168 were accumulated by Shine Inv Advisory Svcs Inc. Columbus Circle Investors accumulated 0.77% or 821,330 shares. Lmr Llp holds 0.17% or 32,441 shares. Stifel Financial Corp holds 0.01% of its portfolio in E*TRADE Financial Corporation (NASDAQ:ETFC) for 34,963 shares. Aviva Public Lc, a United Kingdom-based fund reported 178,617 shares.

Since January 30, 2018, it had 0 buys, and 6 selling transactions for $12.52 million activity. 2,000 shares valued at $105,500 were sold by SCLAFANI JOSEPH L on Tuesday, January 30. 7,680 E*TRADE Financial Corporation (NASDAQ:ETFC) shares with value of $407,040 were sold by Simonich Brent. The insider LAWSON RODGER A sold $675,418. Shares for $1.77 million were sold by Curcio Michael John. Another trade for 115,059 shares valued at $5.96M was made by Roessner Karl A on Wednesday, February 7.

The stock of Etrade Financial Corporation (NASDAQ:ETFC) registered a decrease of 21.48% in short interest. ETFC’s total short interest was 5.23 million shares in May as published by FINRA. Its down 21.48% from 6.66M shares, reported previously. With 3.41 million shares average volume, it will take short sellers 2 days to cover their ETFC’s short positions. The short interest to Etrade Financial Corporation’s float is 1.94%.

The stock decreased 0.96% or $0.62 during the last trading session, reaching $64.14. About 2.00M shares traded. E*TRADE Financial Corporation (NASDAQ:ETFC) has risen 61.16% since May 26, 2017 and is uptrending. It has outperformed by 49.61% the S&P500.

E*TRADE Financial Corporation, a financial services company, provides brokerage and related services and products primarily to individual retail investors under the E*TRADE Financial brand. The company has market cap of $16.92 billion. It also offers investor-focused banking products, primarily deposits to retail investors; and financial corporate services, such as software and services for managing equity compensation plans to its corporate clients. It has a 29.83 P/E ratio. The firm provides its services to clients through digital platforms; and a network of customer service representatives and financial consultants through phone, email, and online at two branches, as well as in person through 30 branches across the United States.

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

Among 13 analysts covering E*TRADE Financial (NASDAQ:ETFC), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. E*TRADE Financial had 32 analyst reports since December 1, 2017 according to SRatingsIntel. As per Friday, January 26, the company rating was maintained by Sandler O’Neill. The rating was maintained by Deutsche Bank with “Buy” on Friday, April 6. On Friday, January 26 the stock rating was maintained by SunTrust with “Buy”. The stock has “Overweight” rating by Morgan Stanley on Tuesday, April 10. The rating was maintained by Sandler O’Neill on Wednesday, March 14 with “Hold”. Sandler O’Neill maintained E*TRADE Financial Corporation (NASDAQ:ETFC) rating on Monday, January 8. Sandler O’Neill has “Hold” rating and $52.0 target. The stock of E*TRADE Financial Corporation (NASDAQ:ETFC) has “Hold” rating given on Thursday, January 25 by Jefferies. The firm earned “Outperform” rating on Friday, April 20 by Credit Suisse. The stock has “Buy” rating by SunTrust on Thursday, December 14. On Monday, May 21 the stock rating was maintained by Wells Fargo with “Buy”.

Another recent and important E*TRADE Financial Corporation (NASDAQ:ETFC) news was published by Seekingalpha.com which published an article titled: “Shopify Cannot Be Killed Easily – Cramer’s Lightning Round (5/23/18)” on May 24, 2018.

E*TRADE Financial Corporation (NASDAQ:ETFC) Institutional Positions Chart

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