Large Outflow of Money Witnessed in E*TRADE Financial Corporation

E*TRADE Financial Corporation (ETFC) had an volatile session and gained 0.13 points till last call. The price was at $37.58, gaining 0.35% till the last intraday data. The total uptick value was $22.65 million while the total downtick value was $38.22 million. The shares saw a net money flow of $(-15.57) million and the up/down ratio stood at 0.59. The stock has seen a change of of -1.8% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-15.18) million. Almost $9.18 million were received in upticks and approximately $24.36 million were lost in downticks, thereby giving the up/down ratio of 0.38.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of E*TRADE Financial Corporation rose by 1.6% in the last five trading days and 8.46% for the last 4 weeks. E*TRADE Financial Corporation is up 33.45% in the last 3-month period. Year-to-Date the stock performance stands at 8.46%. E*TRADE Financial Corporation (NASDAQ:ETFC) rose 0.35% or 0.13 points on Wednesday and made its way into the gainers of the day. After trading began at $37.82 the stock was seen hitting $38.29 as a peak level and $37.3801 as the lowest level. The stock ended up at $37.58. The daily volume was measured at 4,089,254 shares. The 52-week high of the share price is $38.61 and the 52-week low is $19.61. The company has a market cap of $10,296 million.

Company has reported several Insider transactions to the SEC, on Nov 16, 2016, Brent Simonich (Principal Accounting Officer) sold 7,996 shares at 32.68 per share price.On Apr 27, 2016, Karl A Roessner (EVP & General Counsel) sold 16,828 shares at 25.93 per share price.On Feb 11, 2016, Michael A. Pizzi (EVP & Chief Financial Officer) sold 22,262 shares at 21.29 per share price.

E*TRADE Financial Corp Last issued its quarterly earnings results on Jan 26, 2017. The company reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $0.42. The company had revenue of $509.00 million for the quarter, compared to analysts expectations of $507.67 million. The companys revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.E*TRADE Financial Corp was Upgraded by Goldman to Buy on Jan 10, 2017. Company shares were Upgraded by SunTrust on Dec 19, 2016 to Buy, Raises Price Target to $ 40 from a previous price target of $34 .E*TRADE Financial Corp was Initiated by Keefe Bruyette on Dec 8, 2016 to Mkt Perform, Price Target of the shares are set at $38.50.Company shares were Reiterated by SunTrust on Nov 29, 2016 to Hold, Raises Price Target to $ 34 from a previous price target of $31 .

E*TRADE Financial Corp was incorporated in California in 1982 and reincorporated in Delaware in July 1996. It is a financial services company and an online brokerage industry. The Company offers easy to use solutions for individual investors and stock plan participants. The Company offers its customers to take control of its financial futures by providing the products, tools, services and advice they need to meet their near and long term investing goals. The Company provides these services to customers both online and through their network of customer service representatives and Financial Consultants – over the phone and in person at 30 company branches across the United States. The company operates a bank with the primary purpose of maximizing the value of deposits generated though its brokerage business.


Share this post

Leave a Reply