Eaton Vance Corp (EV) Given Consensus Recommendation of “Hold” by Brokerages

Eaton Vance Corp (NYSE:EV) has received an average recommendation of “Hold” from the ten analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $53.44.

A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Eaton Vance from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Tuesday, January 23rd. ValuEngine upgraded shares of Eaton Vance from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Deutsche Bank assumed coverage on shares of Eaton Vance in a research note on Tuesday, October 17th. They set a “buy” rating and a $57.00 target price on the stock. Keefe, Bruyette & Woods restated a “hold” rating and set a $53.00 target price on shares of Eaton Vance in a research note on Friday, November 10th. Finally, Jefferies Group reiterated a “hold” rating and set a $46.00 price objective on shares of Eaton Vance in a research report on Thursday, October 26th.

In related news, Director Dorothy E. Puhy sold 9,490 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $60.49, for a total value of $574,050.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew J. Witkos sold 25,000 shares of the firm’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $60.35, for a total transaction of $1,508,750.00. The disclosure for this sale can be found here.

Several hedge funds have recently bought and sold shares of EV. FMR LLC grew its holdings in shares of Eaton Vance by 19.9% in the second quarter. FMR LLC now owns 298,804 shares of the asset manager’s stock valued at $14,139,000 after purchasing an additional 49,600 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Eaton Vance by 1.0% in the second quarter. Advisor Group Inc. now owns 4,782 shares of the asset manager’s stock valued at $225,000 after purchasing an additional 47 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Eaton Vance by 2.8% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 25,950 shares of the asset manager’s stock valued at $1,228,000 after purchasing an additional 700 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Eaton Vance by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 993,082 shares of the asset manager’s stock valued at $46,993,000 after purchasing an additional 38,247 shares in the last quarter. Finally, Numeric Investors LLC purchased a new position in shares of Eaton Vance in the second quarter valued at $539,000. 69.57% of the stock is owned by hedge funds and other institutional investors.

Shares of Eaton Vance (NYSE:EV) traded down $0.43 during trading hours on Tuesday, hitting $54.05. 427,998 shares of the stock traded hands, compared to its average volume of 730,055. Eaton Vance has a 52-week low of $41.81 and a 52-week high of $60.95. The company has a quick ratio of 5.44, a current ratio of 5.44 and a debt-to-equity ratio of 0.62. The company has a market cap of $6,736.34, a PE ratio of 22.49, a PEG ratio of 0.86 and a beta of 1.79.

Eaton Vance (NYSE:EV) last issued its quarterly earnings data on Tuesday, November 21st. The asset manager reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.01). Eaton Vance had a return on equity of 33.45% and a net margin of 18.45%. The business had revenue of $405.70 million during the quarter, compared to the consensus estimate of $407.75 million. During the same quarter last year, the company earned $0.57 EPS. Eaton Vance’s revenue for the quarter was up 17.0% on a year-over-year basis. equities analysts forecast that Eaton Vance will post 3.28 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Tuesday, January 30th. Eaton Vance’s payout ratio is currently 51.24%.

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Eaton Vance 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 (NYSE:EV)

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