Earnest Partners LLC trimmed its position in shares of Eaton Vance Corp (NYSE:EV) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,774,621 shares of the asset manager’s stock after selling 20,689 shares during the quarter. Earnest Partners LLC owned 1.50% of Eaton Vance worth $100,071,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of EV. Cerebellum GP LLC bought a new stake in shares of Eaton Vance during the fourth quarter worth $128,000. Hyman Charles D bought a new stake in shares of Eaton Vance during the fourth quarter worth $209,000. Stone Ridge Asset Management LLC bought a new stake in shares of Eaton Vance during the fourth quarter worth $213,000. Koch Industries Inc. bought a new stake in shares of Eaton Vance during the fourth quarter worth $219,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Eaton Vance during the third quarter worth $200,000. 70.63% of the stock is owned by institutional investors.
Shares of Eaton Vance Corp (NYSE EV) opened at $57.56 on Monday. The company has a quick ratio of 5.44, a current ratio of 9.43 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $6,911.27, a PE ratio of 22.84, a P/E/G ratio of 0.67 and a beta of 1.79. Eaton Vance Corp has a fifty-two week low of $42.20 and a fifty-two week high of $60.95.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were issued a $0.31 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $1.24 annualized dividend and a dividend yield of 2.15%. Eaton Vance’s payout ratio is currently 49.21%.
Several analysts have recently weighed in on the company. Zacks Investment Research downgraded Eaton Vance from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Deutsche Bank decreased their target price on Eaton Vance from $62.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, March 6th. JPMorgan Chase & Co. set a $58.00 target price on Eaton Vance and gave the stock a “hold” rating in a research report on Wednesday, February 21st. Finally, ValuEngine upgraded Eaton Vance from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Eaton Vance currently has an average rating of “Hold” and a consensus price target of $55.19.
In related news, CEO Matthew J. Witkos sold 25,000 shares of Eaton Vance stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $60.35, for a total value of $1,508,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dorothy E. Puhy sold 9,490 shares of Eaton Vance stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $60.49, for a total value of $574,050.10. The disclosure for this sale can be found here.
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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.
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