E-Trade Financial Corp. (NASDAQ:ETFC)’s share price gapped up prior to trading on Friday . The stock had previously closed at $24.81, but opened at $25.10. E-Trade Financial Corp. shares last traded at $25.86, with a volume of 1,484,198 shares.

A number of brokerages recently weighed in on ETFC. Goldman Sachs Group Inc. cut E-Trade Financial Corp. from a “buy” rating to a “neutral” rating and set a $26.00 price target on the stock. in a research note on Friday, July 22nd. Compass Point dropped their price target on E-Trade Financial Corp. from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, July 22nd. Nomura reissued a “buy” rating on shares of E-Trade Financial Corp. in a research note on Monday, July 11th. Deutsche Bank AG reissued a “buy” rating and issued a $31.00 price target on shares of E-Trade Financial Corp. in a research note on Sunday, June 5th. Finally, Jefferies Group dropped their price target on E-Trade Financial Corp. from $27.00 to $25.50 and set a “hold” rating on the stock in a research note on Thursday, July 7th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $30.68.

The company has a market capitalization of $7.18 billion and a PE ratio of 33.98. The firm has a 50 day moving average of $24.42 and a 200-day moving average of $24.61.

E-Trade Financial Corp. (NASDAQ:ETFC) last released its earnings results on Thursday, July 21st. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.10. The company earned $474 million during the quarter, compared to analyst estimates of $472.50 million. Equities research analysts predict that E-Trade Financial Corp. will post $1.69 earnings per share for the current year.

Several large investors have made changes to their positions in the company. Airain ltd acquired a new stake in shares of E-Trade Financial Corp. during the fourth quarter valued at about $6,439,000. KBC Group NV increased its stake in shares of E-Trade Financial Corp. by 227.7% in the fourth quarter. KBC Group NV now owns 41,873 shares of the company’s stock valued at $1,241,000 after buying an additional 29,096 shares during the period. State of Tennessee Treasury Department increased 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 valued at $12,075,000 after buying an additional 282,317 shares during the period. BNP Paribas Arbitrage SA increased 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 valued at $15,553,000 after buying an additional 327,403 shares during the period. Finally, Redwood Investments LLC increased 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 valued at $14,337,000 after buying an additional 53,664 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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