E-Trade Financial Corp. (NASDAQ:ETFC) had its price target boosted by Barclays PLC from $30.00 to $33.00 in a research report released on Thursday. Barclays PLC currently has an overweight rating on the stock.

A number of other brokerages have also recently commented on ETFC. Jefferies Group boosted their price objective on E-Trade Financial Corp. from $28.00 to $31.00 and gave the stock a hold rating in a research note on Tuesday. Bank of America Corp. cut E-Trade Financial Corp. from a buy rating to a neutral rating and set a $33.00 price objective on the stock. in a research note on Thursday. Credit Agricole SA boosted their price objective on E-Trade Financial Corp. from $29.00 to $33.00 and gave the stock an outperform rating in a research note on Thursday, September 22nd. Morgan Stanley initiated coverage on E-Trade Financial Corp. in a research note on Monday, September 26th. They set an equal weight rating and a $29.00 price objective on the stock. Finally, Credit Suisse Group AG initiated coverage on E-Trade Financial Corp. in a research note on Wednesday, September 21st. They issued an outperform rating and a $33.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of Buy and an average target price of $31.12.

Analyst Recommendations for E-Trade Financial Corp. (NASDAQ:ETFC)

E-Trade Financial Corp. (NASDAQ:ETFC) traded up 1.21% during mid-day trading on Thursday, reaching $28.46. The company’s stock had a trading volume of 879,937 shares. The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 37.30 and a beta of 1.70. The firm has a 50-day moving average of $27.77 and a 200-day moving average of $25.79. E-Trade Financial Corp. has a 52 week low of $19.61 and a 52 week high of $30.98.

E-Trade Financial Corp. (NASDAQ:ETFC) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.10. The company had revenue of $474 million for the quarter, compared to analysts’ expectations of $472.50 million. E-Trade Financial Corp. had a return on equity of 7.64% and a net margin of 15.07%. On average, equities research analysts expect that E-Trade Financial Corp. will post $1.70 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in ETFC. Primecap Management Co. CA raised its stake in E-Trade Financial Corp. by 81.3% in the first quarter. Primecap Management Co. CA now owns 11,343,300 shares of the company’s stock worth $277,797,000 after buying an additional 5,087,900 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its stake in E-Trade Financial Corp. by 371.6% in the first quarter. Adage Capital Partners GP L.L.C. now owns 2,521,862 shares of the company’s stock worth $61,760,000 after buying an additional 1,987,100 shares during the last quarter. Southpoint Capital Advisors LP raised its stake in E-Trade Financial Corp. by 44.9% in the first quarter. Southpoint Capital Advisors LP now owns 5,000,000 shares of the company’s stock worth $122,450,000 after buying an additional 1,550,000 shares during the last quarter. AQR Capital Management LLC raised its stake in E-Trade Financial Corp. by 1,391.9% in the second quarter. AQR Capital Management LLC now owns 1,301,786 shares of the company’s stock worth $30,579,000 after buying an additional 1,214,529 shares during the last quarter. Finally, Pennant Capital Management LLC raised its stake in E-Trade Financial Corp. by 58.8% in the first quarter. Pennant Capital Management LLC now owns 2,955,992 shares of the company’s stock worth $72,392,000 after buying an additional 1,095,000 shares during the last quarter. Institutional investors own 91.48% of the company’s stock.

About E-Trade Financial Corp.

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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