E-Trade Financial Corp. (NASDAQ:ETFC) 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 changing hands.

A number of research analysts recently commented on the stock. Deutsche Bank AG increased their target price on shares of E-Trade Financial Corp. from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, May 27th. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $33.00 target price (up from $32.00) on shares of E-Trade Financial Corp. in a research report on Monday, April 25th. Nomura reaffirmed a “buy” rating and issued a $32.00 target price (up from $30.00) on shares of E-Trade Financial Corp. in a research report on Monday, July 25th. Goldman Sachs Group Inc. downgraded shares of E-Trade Financial Corp. from a “buy” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research report on Friday, July 22nd. Finally, Compass Point dropped their target price on shares of E-Trade Financial Corp. from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, July 22nd. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $30.68.

The stock’s 50-day moving average price is $24.42 and its 200 day moving average price is $24.61. The company has a market capitalization of $7.18 billion and a price-to-earnings ratio of 33.98.

E-Trade Financial Corp. (NASDAQ:ETFC) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10. The company earned $474 million during the quarter, compared to the consensus estimate of $472.50 million. Analysts forecast that E-Trade Financial Corp. will post $1.69 earnings per share for the current fiscal year.

Other hedge funds have added to or reduced their stakes in the company. BlackRock Advisors LLC raised its stake in E-Trade Financial Corp. by 5.5% in the fourth quarter. BlackRock Advisors LLC now owns 814,796 shares of the company’s stock valued at $24,151,000 after buying an additional 42,155 shares during the last quarter. Airain ltd acquired a new stake in E-Trade Financial Corp. during the fourth quarter valued at $6,439,000. KBC Group NV raised its stake in 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 last quarter. State of Tennessee Treasury Department raised its stake in 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 last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in 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 last quarter.

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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