E-Trade Financial Corp. (NASDAQ:ETFC) shares rose 1.8% on Friday . The company traded as high as $26.01 and last traded at $25.98, with a volume of 1,997,514 shares trading hands. The stock had previously closed at $25.51.

ETFC has been the topic of a number of research analyst reports. Deutsche Bank AG boosted 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 note on Friday, May 27th. Barclays PLC dropped their target price on shares of E-Trade Financial Corp. from $32.00 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, July 7th. Jefferies Group lowered their price target on shares of E-Trade Financial Corp. from $27.00 to $25.50 and set a “hold” rating on the stock in a research report on Thursday, July 7th. Nomura lowered their price target 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 Monday, July 11th. Finally, Buckingham Research started coverage on shares of E-Trade Financial Corp. in a research report on Wednesday, July 13th. They issued a “buy” rating and a $29.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. E-Trade Financial Corp. currently has an average rating of “Buy” and a consensus price target of $30.59.

The company has a 50-day moving average price of $25.05 and a 200 day moving average price of $24.79. The company has a market cap of $7.22 billion and a PE ratio of 34.14.

E-Trade Financial Corp. (NASDAQ:ETFC) last posted its quarterly earnings data 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 business earned $474 million during the quarter, compared to analysts’ expectations of $472.50 million. On average, equities research analysts expect that E-Trade Financial Corp. will post $1.69 earnings per share for the current fiscal year.

Several institutional investors have bought and sold shares of the company. BlackRock Advisors LLC increased its position in shares of 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 in the last quarter. State of Tennessee Treasury Department increased its position 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 in the last quarter. Principal Financial Group Inc. increased its position in shares of E-Trade Financial Corp. by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 417,794 shares of the company’s stock valued at $12,384,000 after buying an additional 11,999 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of E-Trade Financial Corp. by 71.7% in the fourth quarter. Morgan Stanley now owns 587,367 shares of the company’s stock valued at $17,410,000 after buying an additional 245,360 shares in 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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