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

ETFC has been the subject of several other research reports. Bank of America Corp. downgraded shares of E-Trade Financial Corp. from a buy rating to a neutral rating and set a $33.00 price objective for the company. in a research report on Thursday, October 13th. Barclays PLC increased their price objective on shares of E-Trade Financial Corp. from $30.00 to $33.00 and gave the stock an overweight rating in a research report on Thursday, October 13th. increased their price objective on shares of E-Trade Financial Corp. from $29.00 to $33.00 and gave the stock an outperform rating in a research report on Thursday, September 22nd. Nomura reissued a buy rating and set a $33.00 price objective (up previously from $32.00) on shares of E-Trade Financial Corp. in a research report on Saturday, October 22nd. Finally, Morgan Stanley initiated coverage on shares of E-Trade Financial Corp. in a research report on Monday, September 26th. They set an equal weight rating and a $29.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average 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 is $30.23 and its 200-day moving average is $27.06. E-Trade Financial Corp. has a 52-week low of $19.61 and a 52-week high of $34.67. The firm has a market cap of $9.35 billion, a price-to-earnings ratio of 18.80 and a beta of 1.69.

E-Trade Financial Corp. (NASDAQ:ETFC) last issued its earnings results on Thursday, October 20th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.13. E-Trade Financial Corp. had a net margin of 27.25% and a return on equity of 8.31%. The firm earned $486 million during the quarter, compared to the consensus estimate of $645 million. During the same quarter in the prior year, the firm earned $0.48 earnings per share. The business’s quarterly revenue was up 12.8% on a year-over-year basis. Analysts forecast that E-Trade Financial Corp. will post $1.82 EPS for the current fiscal year.

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Hedge funds have recently modified their holdings of the company. Sterling Capital Management LLC boosted its stake in shares of E-Trade Financial Corp. by 5.9% in the second quarter. Sterling Capital Management LLC now owns 4,392,306 shares of the company’s stock valued at $103,175,000 after buying an additional 245,367 shares during the period. KBC Group NV boosted its stake in shares of E-Trade Financial Corp. by 118.4% in the third quarter. KBC Group NV now owns 281,323 shares of the company’s stock valued at $8,192,000 after buying an additional 152,539 shares during the period. Royal Bank of Canada boosted its stake in shares of E-Trade Financial Corp. by 17.8% in the first quarter. Royal Bank of Canada now owns 859,249 shares of the company’s stock valued at $21,044,000 after buying an additional 129,580 shares during the period. ING Groep NV acquired a new stake in shares of E-Trade Financial Corp. during the second quarter valued at $232,000. Finally, Capital Fund Management S.A. acquired a new stake in shares of E-Trade Financial Corp. during the second quarter valued at $2,612,000. Institutional investors and hedge funds own 90.55% 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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