Eaton Vance Corporation (NYSE:EV)‘s stock had its “hold” rating reiterated by equities researchers at Jefferies Group LLC in a research note issued to investors on Friday. They presently have a $46.00 price objective on the asset manager’s stock. Jefferies Group LLC’s target price points to a potential downside of 1.37% from the stock’s previous close. Jefferies Group also issued estimates for Eaton Vance Corporation’s Q4 2017 earnings at $0.72 EPS, FY2017 earnings at $2.52 EPS and FY2018 earnings at $2.93 EPS.

EV has been the subject of several other reports. Citigroup Inc. increased their price objective on Eaton Vance Corporation from $46.50 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, May 25th. Bank of America Corporation increased their price objective on Eaton Vance Corporation from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, May 25th. Zacks Investment Research upgraded Eaton Vance Corporation from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Thursday, June 8th. Credit Suisse Group increased their price objective on Eaton Vance Corporation from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, August 11th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $50.00 price objective on shares of Eaton Vance Corporation in a research note on Tuesday, May 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.07.

Eaton Vance Corporation (EV) traded up 0.84% during mid-day trading on Friday, reaching $47.03. 76,625 shares of the company’s stock traded hands. Eaton Vance Corporation has a 12 month low of $34.44 and a 12 month high of $50.10. The firm’s 50-day moving average price is $48.20 and its 200 day moving average price is $45.95. The stock has a market capitalization of $5.21 billion, a PE ratio of 20.62 and a beta of 1.84.

Eaton Vance Corporation (NYSE:EV) last issued its earnings results on Wednesday, May 24th. The asset manager reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $374.60 million during the quarter, compared to analyst estimates of $373.28 million. Eaton Vance Corporation had a return on equity of 36.63% and a net margin of 18.39%. Eaton Vance Corporation’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 earnings per share. Equities research analysts predict that Eaton Vance Corporation will post $2.55 EPS for the current year.

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In other news, CEO Matthew J. Witkos sold 40,000 shares of the firm’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $48.08, for a total value of $1,923,200.00. Following the completion of the sale, the chief executive officer now directly owns 243,688 shares in the company, valued at $11,716,519.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dorothy E. Puhy sold 2,563 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $48.46, for a total value of $124,202.98. Following the completion of the sale, the director now owns 14,473 shares of the company’s stock, valued at $701,361.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,943 shares of company stock valued at $6,149,649.

Hedge funds have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Eaton Vance Corporation during the second quarter worth $748,000. Verition Fund Management LLC raised its stake in shares of Eaton Vance Corporation by 53.4% in the second quarter. Verition Fund Management LLC now owns 16,995 shares of the asset manager’s stock worth $804,000 after buying an additional 5,913 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of Eaton Vance Corporation by 1.8% in the second quarter. Ameritas Investment Partners Inc. now owns 34,453 shares of the asset manager’s stock worth $1,630,000 after buying an additional 620 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of Eaton Vance Corporation during the second quarter worth $439,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Eaton Vance Corporation by 47.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 58,728 shares of the asset manager’s stock worth $2,779,000 after buying an additional 18,840 shares during the period. Institutional investors own 71.01% of the company’s stock.

Eaton Vance Corporation Company Profile

Eaton Vance Corp. is engaged in the business of managing investment funds and providing investment management and advisory services to high-net-worth individuals and institutions. The Company operates as an investment advisor to funds and separate accounts. The Company, through its subsidiaries and other affiliates, manages active equity, income and alternative strategies across a range of investment styles and asset classes, including the United States and global equities, floating-rate bank loans, municipal bonds, global income, high-yield and investment grade bonds.

Analyst Recommendations for Eaton Vance Corporation (NYSE:EV)

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