Insider Selling: Eaton Vance Corp. Insider Sells 65,827 Shares of Stock (EV)
Eaton Vance Corp. (NYSE:EV) Insider Jeffrey Beale sold 65,827 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $39.06, for a total value of $2,571,202.62. Following the sale, the insider now directly owns 29,389 shares of the company’s stock, valued at approximately $1,147,934. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Eaton Vance Corp. (NYSE:EV) traded up 0.75% on Friday, hitting $40.16. The stock had a trading volume of 911,469 shares. Eaton Vance Corp. has a 52-week low of $27.84 and a 52-week high of $44.58. The stock has a 50-day moving average of $39.05 and a 200-day moving average of $39.85. The company has a market cap of $4.714 billion and a price-to-earnings ratio of 26.29.
Eaton Vance Corp. (NYSE:EV) last released its earnings data on Wednesday, August 21st. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.56 by $0.04. The company had revenue of $350.30 million for the quarter, compared to the consensus estimate of $352.98 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis. Analysts expect that Eaton Vance Corp. will post $2.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, November 13th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Tuesday, October 29th. This is a positive change from Eaton Vance Corp.’s previous quarterly dividend of $0.20.
Eaton Vance Corp. is engaged in managing investment funds and providing investment management and counseling services to high-net-worth individuals and institutions.
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