E-Trade Financial Corp. (NASDAQ:ETFC) shares shot up 1.8% during trading on Friday . The stock 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.

Several research firms have recently commented on ETFC. Goldman Sachs Group Inc. lowered shares of E-Trade Financial Corp. from a “buy” rating to a “neutral” rating and set a $26.00 price objective for the company. in a research note on Friday, July 22nd. Compass Point lowered their price objective on shares of E-Trade Financial Corp. from $31.00 to $30.00 and set a “buy” rating for the company 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 objective on shares of E-Trade Financial Corp. in a research note on Sunday, June 5th. Finally, Jefferies Group lowered their price objective on shares of E-Trade Financial Corp. from $27.00 to $25.50 and set a “hold” rating for the company in a research note on Thursday, July 7th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. E-Trade Financial Corp. currently has a consensus rating of “Buy” and a consensus target price of $30.59.

The company’s 50-day moving average price is $25.13 and its 200 day moving average price is $24.83. The firm has a market cap of $7.22 billion and a price-to-earnings ratio of 34.14.

E-Trade Financial Corp. (NASDAQ:ETFC) last posted its earnings results on Thursday, July 21st. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.10. The business had revenue of $474 million for the quarter, compared to analyst estimates of $472.50 million. Equities analysts predict that E-Trade Financial Corp. will post $1.69 earnings per share for the current fiscal year.

Other hedge funds have bought and sold shares of the company. State of Tennessee Treasury Department increased 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 worth $12,075,000 after buying an additional 282,317 shares during the period. Principal Financial Group Inc. boosted its position in 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 worth $12,384,000 after buying an additional 11,999 shares in the last quarter. Morgan Stanley boosted its position in E-Trade Financial Corp. by 71.7% in the fourth quarter. Morgan Stanley now owns 587,367 shares of the company’s stock worth $17,410,000 after buying an additional 245,360 shares in the last quarter. Finally, BlackRock Advisors LLC boosted its position 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 worth $24,151,000 after buying an additional 42,155 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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