Traders sold shares of E-Trade Financial Corp. (NASDAQ:ETFC) on strength during trading hours on Friday. $13.98 million flowed into the stock on the tick-up and $21.86 million flowed out of the stock on the tick-down, for a money net flow of $7.88 million out of the stock. Of all stocks tracked, E-Trade Financial Corp. had the 0th highest net out-flow for the day. E-Trade Financial Corp. traded up $0.05 for the day and closed at $24.90

Several equities analysts have recently issued reports on the company. Deutsche Bank AG reiterated a “buy” rating on shares of E-Trade Financial Corp. in a research note on Sunday, July 10th. Buckingham Research assumed coverage on E-Trade Financial Corp. in a research note on Wednesday. They issued a “buy” rating and a $29.00 price objective for the company. Jefferies Group decreased their price objective on E-Trade Financial Corp. from $28.50 to $27.00 and set a “hold” rating for the company in a research note on Thursday, April 7th. TheStreet upgraded E-Trade Financial Corp. from a “hold” rating to a “buy” rating in a research note on Friday, March 18th. Finally, Nomura decreased their price objective on E-Trade Financial Corp. from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, July 11th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. E-Trade Financial Corp. has a consensus rating of “Buy” and an average price target of $30.92.

The company has a market cap of $6.96 billion and a price-to-earnings ratio of 19.24. The stock’s 50-day moving average price is $24.97 and its 200-day moving average price is $24.83.

E-Trade Financial Corp. (NASDAQ:ETFC) last issued its quarterly earnings data on Thursday, April 21st. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. The business had revenue of $472 million for the quarter, compared to analyst estimates of $476.67 million. During the same quarter last year, the business earned $0.29 EPS. E-Trade Financial Corp.’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities research analysts forecast that E-Trade Financial Corp. will post $1.61 EPS for the current year.

In other E-Trade Financial Corp. news, EVP Karl A. Roessner sold 16,828 shares of the firm’s stock in a transaction that occurred on Monday, April 25th. The stock was sold at an average price of $25.93, for a total transaction of $436,350.04. Following the completion of the sale, the executive vice president now owns 217,295 shares in the company, valued at approximately $5,634,459.35. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Brent Simonich sold 3,994 shares of the firm’s stock in a transaction that occurred on Tuesday, April 26th. The shares were sold at an average price of $26.22, for a total value of $104,722.68. Following the sale, the insider now owns 45,705 shares of the company’s stock, valued at approximately $1,198,385.10. The disclosure for this sale can be found here.

Other large investors have modified their holdings of the company. State of Tennessee Treasury Department raised its stake in shares of E-Trade Financial Corp. by 225.7% in the fourth quarter. State of Tennessee Treasury Department now owns 407,417 shares of the company’s stock worth $12,075,000 after buying an additional 282,317 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of E-Trade Financial Corp. by 165.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 524,729 shares of the company’s stock worth $15,553,000 after buying an additional 327,403 shares during the period. Redwood Investments LLC raised its stake in shares of E-Trade Financial Corp. by 12.5% in the fourth quarter. Redwood Investments LLC now owns 483,711 shares of the company’s stock worth $14,337,000 after buying an additional 53,664 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in shares of E-Trade Financial Corp. by 0.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 74,251 shares of the company’s stock worth $2,201,000 after buying an additional 600 shares during the period. Finally, Aberdeen Asset Management PLC UK raised its stake in shares of E-Trade Financial Corp. by 17.9% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 53,342 shares of the company’s stock worth $1,444,000 after buying an additional 8,092 shares during the period.

E*Trade Financial Corporation is a financial services company. The Company provides brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial. The Company also provides investor-focused banking products, primarily sweep deposits, to retail investors.

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