Dorothy E. Puhy Sells 6,197 Shares of Eaton Vance Corp. (EV) Stock
Eaton Vance Corp. (NYSE:EV) Director Dorothy E. Puhy sold 6,197 shares of the company’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $38.75, for a total value of $240,133.75. Following the sale, the director now owns 15,787 shares of the company’s stock, valued at approximately $611,746.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Eaton Vance Corp. (NYSE:EV) opened at 39.12 on Thursday. Eaton Vance Corp. has a 1-year low of $26.44 and a 1-year high of $40.36. The stock has a 50 day moving average price of $39.09 and a 200-day moving average price of $35.96. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 18.79 and a beta of 1.70.
Eaton Vance Corp. (NYSE:EV) last posted its quarterly earnings data on Wednesday, August 17th. The company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.01. The firm earned $341.20 million during the quarter. Eaton Vance Corp. had a return on equity of 39.06% and a net margin of 17.83%. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 EPS. On average, equities research analysts forecast that Eaton Vance Corp. will post $2.14 EPS for the current year.
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A number of analysts recently commented on EV shares. Zacks Investment Research cut Eaton Vance Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Credit Suisse Group AG reiterated a “hold” rating and set a $37.00 price objective on shares of Eaton Vance Corp. in a research report on Thursday, September 1st. Jefferies Group upped their price objective on Eaton Vance Corp. from $34.00 to $38.00 and gave the company a “hold” rating in a research report on Tuesday, August 16th. Finally, Keefe, Bruyette & Woods upped their price objective on Eaton Vance Corp. from $36.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, May 27th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Eaton Vance Corp. presently has an average rating of “Hold” and a consensus target price of $37.54.
Hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new stake in Eaton Vance Corp. during the fourth quarter worth $31,742,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Eaton Vance Corp. by 9.7% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 37,811 shares of the company’s stock worth $1,267,000 after buying an additional 3,332 shares during the last quarter. Commonwealth Equity Services Inc boosted its stake in Eaton Vance Corp. by 3.4% in the first quarter. Commonwealth Equity Services Inc now owns 53,530 shares of the company’s stock worth $1,794,000 after buying an additional 1,763 shares during the last quarter. Aperio Group LLC boosted its stake in Eaton Vance Corp. by 21.9% in the first quarter. Aperio Group LLC now owns 43,103 shares of the company’s stock worth $1,445,000 after buying an additional 7,734 shares during the last quarter. Finally, Virginia Retirement System acquired a new stake in Eaton Vance Corp. during the first quarter worth $7,135,000. 70.88% of the stock is owned by hedge funds and other institutional investors.
About Eaton Vance Corp.
Eaton Vance Corp. is engaged in business of managing investment funds and providing investment management and advisory services to individuals and institutions. The Company seeks to develop and sustain management expertise across a range of investment disciplines, and offer investment products and services through various distribution channels.
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