Eaton Vance Corp Director Winthrop H. Smith, Jr. Sells 12,295 Shares (EV)
Eaton Vance Corp (NYSE:EV) Director Winthrop H. Smith, Jr. unloaded 12,295 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $39.13, for a total value of $481,103.35. Following the sale, the director now directly owns 6,000 shares in the company, valued at approximately $234,780. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Eaton Vance Corp (NYSE:EV) remained flat at $39.02 during trading on Thursday. The stock had a trading volume of 116,908 shares. Eaton Vance Corp has a 52-week low of $34.86 and a 52-week high of $43.82. The stock has a 50-day moving average of $36.78 and a 200-day moving average of $37.10. The company has a market cap of $4.532 billion and a P/E ratio of 17.43.
Eaton Vance Corp (NYSE:EV) last posted its quarterly earnings results on Wednesday, August 20th. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.01. The company had revenue of $367.60 million for the quarter, compared to the consensus estimate of $365.83 million. During the same quarter last year, the company posted $0.52 earnings per share. Eaton Vance Corp’s revenue was up 4.9% compared to the same quarter last year. Analysts expect that Eaton Vance Corp will post $2.45 EPS for the current fiscal year.
EV has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods reiterated an “in-line” rating on shares of Eaton Vance Corp in a research note on Friday, August 22nd. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Eaton Vance Corp in a research note on Thursday, August 14th. They now have a $36.00 price target on the stock, down previously from $37.00. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $38.56.
Eaton Vance Corp. is engaged in managing investment funds and providing investment management and advisory services to high-net-worth individuals and institutions.
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