Insider Selling: Eaton Vance Corp. Insider Sells 93,825 Shares of Stock (EV)
Eaton Vance Corp. (NYSE:EV) Insider Payson Swaffield unloaded 93,825 shares of the company’s stock on the open market in a transaction dated Thursday, October 17th. The stock was sold at an average price of $39.03, for a total value of $3,661,989.75. Following the completion of the sale, the insider now directly owns 18,623 shares of the company’s stock, valued at approximately $726,856. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Eaton Vance Corp. (NYSE:EV) traded up 0.75% during mid-day trading on Friday, hitting $40.16. 911,469 shares of the company’s stock traded hands. Eaton Vance Corp. has a 1-year low of $27.84 and a 1-year high of $44.58. The stock’s 50-day moving average is $39.05 and its 200-day moving average is $39.85. The company has a market cap of $4.714 billion and a P/E ratio of 26.29.
Eaton Vance Corp. (NYSE:EV) last announced its earnings results on Wednesday, August 21st. The company reported $0.52 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, analysts predict that Eaton Vance Corp. will post $2.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, November 13th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Tuesday, October 29th. This is a boost 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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