E-Trade Financial Corp. (NASDAQ:ETFC) had its price target boosted by SunTrust Banks Inc. from $31.00 to $34.00 in a research report sent to investors on Tuesday. They currently have a hold rating on the stock.

ETFC has been the topic of a number of other research reports. Bank of America Corp. cut shares of E-Trade Financial Corp. from a buy rating to a neutral rating and set a $33.00 target price on the stock. in a report on Thursday, October 13th. Barclays PLC raised their target price on shares of E-Trade Financial Corp. from $30.00 to $33.00 and gave the stock an overweight rating in a report on Thursday, October 13th. lifted their price target on E-Trade Financial Corp. from $29.00 to $33.00 and gave the company an outperform rating in a report on Thursday, September 22nd. Nomura reaffirmed a buy rating and set a $33.00 price target (up previously from $32.00) on shares of E-Trade Financial Corp. in a report on Saturday, October 22nd. Finally, Morgan Stanley assumed coverage on E-Trade Financial Corp. in a report on Monday, September 26th. They set an equal weight rating and a $29.00 price target on the stock. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. E-Trade Financial Corp. has a consensus rating of Buy and a consensus target price of $31.94.

E-Trade Financial Corp. (NASDAQ:ETFC) opened at 34.07 on Tuesday. The firm’s 50-day moving average price is $30.23 and its 200 day moving average price is $27.06. The firm has a market cap of $9.35 billion, a PE ratio of 18.80 and a beta of 1.69. E-Trade Financial Corp. has a 52-week low of $19.61 and a 52-week high of $34.67.

E-Trade Financial Corp. (NASDAQ:ETFC) last posted its quarterly earnings results on Thursday, October 20th. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.13. The business earned $486 million during the quarter, compared to the consensus estimate of $645 million. E-Trade Financial Corp. had a return on equity of 8.31% and a net margin of 27.25%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period last year, the firm earned $0.48 earnings per share. On average, equities analysts anticipate that E-Trade Financial Corp. will post $1.82 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mizuho Asset Management Co. Ltd. purchased a new position in E-Trade Financial Corp. during the second quarter worth $110,000. FNY Managed Accounts LLC raised its position in E-Trade Financial Corp. by 128.3% in the second quarter. FNY Managed Accounts LLC now owns 6,850 shares of the company’s stock worth $161,000 after buying an additional 3,850 shares in the last quarter. I.G. Investment Management LTD. raised its position in E-Trade Financial Corp. by 11.8% in the second quarter. I.G. Investment Management LTD. now owns 7,758 shares of the company’s stock worth $182,000 after buying an additional 821 shares in the last quarter. Acadian Asset Management LLC purchased a new position in E-Trade Financial Corp. during the third quarter worth $187,000. Finally, Seven Eight Capital LLC purchased a new position in E-Trade Financial Corp. during the first quarter worth $196,000. 90.55% of the stock is owned by hedge funds and other institutional investors.

E-Trade Financial Corp. Company Profile

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.

5 Day Chart for NASDAQ:ETFC

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