Etrade Financial Corporation (NASDAQ:ETFC) Shares Shorted Declined By 2.73%

April 22, 2018 - By Kevin Carney

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

During Q4 2017 the big money sentiment decreased to 0.96. That’s change of 0.14, from 2017Q3’s 1.1. 37 investors sold all, 161 reduced holdings as E*TRADE Financial Corporation ratio dropped. 124 rose positions while 67 funds acquired positions. Funds hold 238.15 million shares thus 3.07% less from 2017Q3’s 245.70 million shares.
Kentucky Retirement System stated it has 16,693 shs. Teacher Retirement Of Texas reported 544,266 shs. Moreover, Citadel Advsr Ltd Liability has 0.05% invested in E*TRADE Financial Corporation (NASDAQ:ETFC) for 1.81M shs. Moreover, Fmr Ltd has 0.08% invested in E*TRADE Financial Corporation (NASDAQ:ETFC). Chevy Chase Trust Holdings owns 0.05% invested in E*TRADE Financial Corporation (NASDAQ:ETFC) for 234,496 shs. Manufacturers Life Insurance Co The has invested 0.02% in E*TRADE Financial Corporation (NASDAQ:ETFC). 426,342 are held by Asset Mgmt One Limited. Putnam Limited Liability Corporation invested in 0.18% or 1.61M shs. Jacobs Levy Equity accumulated 0.4% or 453,661 shs. Eaton Vance Mgmt reported 0.11% of its capital in E*TRADE Financial Corporation (NASDAQ:ETFC). The Germany-based Meag Munich Ergo Kapitalanlagegesellschaft Mbh has invested 0.09% in E*TRADE Financial Corporation (NASDAQ:ETFC). Veritable Ltd Partnership reported 0.01% of its capital in E*TRADE Financial Corporation (NASDAQ:ETFC). Walleye Trading Limited Liability Corporation holds 0.04% or 181,242 shs. Great West Life Assurance Can has 233,132 shs for 0.03% of their capital. Moreover, Balyasny Asset Limited Liability Corporation has 0.36% invested in E*TRADE Financial Corporation (NASDAQ:ETFC).

E*TRADE Financial Corporation had 6 insider sales and 0 insider buys since January 30, 2018. This’s net activity of $12.52 million. 34,158 shs valued at $1.77 million were sold by Curcio Michael John on Wednesday, February 7. Another trade for 115,059 shs valued at $5.96M was made by Roessner Karl A on Wednesday, February 7. LAWSON RODGER A also sold $675,418 worth of E*TRADE Financial Corporation (NASDAQ:ETFC) shs. The insider Pizzi Michael A. sold 69,829 shs worth $3.60M. 7,680 shs were sold by Simonich Brent, worth $407,040.

Etrade Financial Corporation (NASDAQ:ETFC) had a decrease of its shares shorted by 2.73%. FINRA announced in April ETFC’s total 5.69 million shares shorted. That’s 2.73% down from 5.84M shares. With Average volume 2.59 million, ETFC’s previous position will take 2 days to restore. Float short on Etrade Financial Corporation is 2.11%.

ETFC is hitting $60.48 during the last trading session, after increased 2.80%.E*TRADE Financial Corporation is uptrending after having risen 61.16% since April 22, 2017. ETFC has 5.89M volume or 93.82% up from normal. The stock outperformed the S&P500 by 49.61%.

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 firm is worth $16.03 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.28.13 is the 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

In total 12 analysts cover E*TRADE Financial (NASDAQ:ETFC). “Buy” rating has 10, “Sell” are 0, while 2 are “Hold”. 83% are bullish. 31 are the (NASDAQ:ETFC)’s analyst reports since October 25, 2017 according to StockzIntelligence Inc. On Tuesday, March 6 the stock has “Buy” rating by Keefe Bruyette & Woods. On Tuesday, April 10 the stock of E*TRADE Financial Corporation (NASDAQ:ETFC) has “Hold” rating given by Jefferies. On Wednesday, April 11 the rating was maintained by Keefe Bruyette & Woods with “Buy”. In Wednesday, January 10 report Keefe Bruyette & Woods maintained the stock with “Hold” rating. On Monday, March 12 the firm has “Strong Buy” rating by Raymond James given. The company rating was maintained by SunTrust on Monday, February 12. In Wednesday, October 25 report Deutsche Bank maintained the stock with “Buy” rating. On Wednesday, January 3 the firm has “Overweight” rating by Morgan Stanley given. In Friday, April 20 report Credit Suisse maintained the stock with “Outperform” rating. On Thursday, December 14 the rating was maintained by SunTrust with “Buy”.

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

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