Eaton Vance Corporation (NYSE:EV) insider Frederick S. Marius sold 7,574 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $47.99, for a total value of $363,476.26. Following the transaction, the insider now directly owns 26,128 shares of the company’s stock, valued at $1,253,882.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Eaton Vance Corporation (NYSE EV) traded down 0.713% on Thursday, hitting $48.025. The stock had a trading volume of 134,966 shares. The stock’s 50-day moving average is $47.26 and its 200-day moving average is $46.38. Eaton Vance Corporation has a 52-week low of $34.44 and a 52-week high of $50.10. The company has a market cap of $5.38 billion, a P/E ratio of 20.880 and a beta of 1.85.

Eaton Vance Corporation (NYSE:EV) last issued its quarterly earnings data on Wednesday, August 23rd. The asset manager reported $0.62 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.05). The firm had revenue of $393.70 million for the quarter, compared to the consensus estimate of $398.74 million. Eaton Vance Corporation had a net margin of 18.03% and a return on equity of 34.47%. The business’s revenue was up 15.4% on a year-over-year basis. During the same period last year, the company posted $0.56 earnings per share. Analysts expect that Eaton Vance Corporation will post $2.46 earnings per share for the current year.

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EV has been the subject of several analyst reports. Bank of America Corporation raised their target price on Eaton Vance Corporation from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, May 25th. Citigroup Inc. raised Eaton Vance Corporation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $52.00 to $54.50 in a research report on Monday, June 5th. Zacks Investment Research raised Eaton Vance Corporation from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Thursday, June 8th. J P Morgan Chase & Co reaffirmed an “underweight” rating and set a $47.00 target price (up from $40.00) on shares of Eaton Vance Corporation in a research report on Tuesday, June 6th. Finally, BidaskClub lowered Eaton Vance Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Eaton Vance Corporation currently has a consensus rating of “Hold” and a consensus price target of $50.21.

Several large investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Eaton Vance Corporation by 3,407.1% during the first quarter. BlackRock Inc. now owns 10,878,915 shares of the asset manager’s stock valued at $489,118,000 after acquiring an additional 10,568,715 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Eaton Vance Corporation by 1.2% during the second quarter. Vanguard Group Inc. now owns 10,523,293 shares of the asset manager’s stock valued at $497,962,000 after acquiring an additional 124,336 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Eaton Vance Corporation by 2.1% during the second quarter. Wells Fargo & Company MN now owns 5,490,011 shares of the asset manager’s stock valued at $259,787,000 after acquiring an additional 113,967 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Eaton Vance Corporation by 34.3% during the second quarter. Bank of New York Mellon Corp now owns 3,308,194 shares of the asset manager’s stock valued at $156,544,000 after acquiring an additional 844,813 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Eaton Vance Corporation by 0.3% during the second quarter. JPMorgan Chase & Co. now owns 1,722,856 shares of the asset manager’s stock valued at $81,525,000 after acquiring an additional 4,538 shares during the last quarter. 68.91% of the stock is owned by hedge funds and other institutional investors.

About Eaton Vance Corporation

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.

Insider Buying and Selling by Quarter for Eaton Vance Corporation (NYSE:EV)

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