Great West Life Assurance Co. Can grew its position in Eaton Vance Corp (NYSE:EV) by 11.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 153,651 shares of the asset manager’s stock after purchasing an additional 15,777 shares during the quarter. Great West Life Assurance Co. Can owned about 0.13% of Eaton Vance worth $5,076,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the stock. BlackRock Inc. grew its position in Eaton Vance by 1.7% during the fourth quarter. BlackRock Inc. now owns 12,169,765 shares of the asset manager’s stock worth $428,132,000 after buying an additional 209,179 shares in the last quarter. Vanguard Group Inc. grew its position in Eaton Vance by 0.9% during the third quarter. Vanguard Group Inc. now owns 11,560,314 shares of the asset manager’s stock worth $607,610,000 after buying an additional 99,107 shares in the last quarter. Vanguard Group Inc grew its position in Eaton Vance by 0.9% during the third quarter. Vanguard Group Inc now owns 11,560,314 shares of the asset manager’s stock worth $607,610,000 after buying an additional 99,107 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in Eaton Vance by 3,313.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,189,498 shares of the asset manager’s stock worth $62,000 after buying an additional 2,125,364 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Eaton Vance by 0.7% during the third quarter. JPMorgan Chase & Co. now owns 1,790,439 shares of the asset manager’s stock worth $94,105,000 after buying an additional 12,246 shares in the last quarter. 70.17% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on EV shares. Citigroup downgraded Eaton Vance from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $60.50 to $47.00 in a research report on Monday, November 19th. Deutsche Bank downgraded Eaton Vance from a “buy” rating to a “hold” rating and reduced their price target for the stock from $57.00 to $39.00 in a research report on Thursday, January 10th. ValuEngine raised Eaton Vance from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Credit Suisse Group reduced their target price on Eaton Vance from $51.00 to $43.00 and set a “neutral” rating on the stock in a report on Monday, January 14th. Finally, JPMorgan Chase & Co. downgraded Eaton Vance from a “neutral” rating to an “underweight” rating and set a $38.00 target price on the stock. in a report on Wednesday, November 28th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $43.00.
Shares of EV opened at $41.61 on Friday. Eaton Vance Corp has a 52 week low of $32.28 and a 52 week high of $58.54. The firm has a market capitalization of $4.85 billion, a PE ratio of 12.96, a PEG ratio of 1.70 and a beta of 1.62. The company has a debt-to-equity ratio of 1.43, a current ratio of 13.48 and a quick ratio of 5.67.
Eaton Vance (NYSE:EV) last announced its quarterly earnings results on Tuesday, February 26th. The asset manager reported $0.73 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.73. Eaton Vance had a return on equity of 35.03% and a net margin of 23.16%. The company had revenue of $406.42 million during the quarter, compared to analysts’ expectations of $421.97 million. During the same period in the prior year, the company earned $0.78 EPS. Eaton Vance’s revenue was down 3.3% compared to the same quarter last year. As a group, analysts expect that Eaton Vance Corp will post 3.15 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Thursday, January 31st were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.36%. The ex-dividend date was Wednesday, January 30th. Eaton Vance’s dividend payout ratio is currently 43.61%.
In related news, Director Winthrop H. Smith, Jr. bought 10,000 shares of the stock in a transaction that occurred on Tuesday, December 18th. The stock was acquired at an average cost of $34.89 per share, with a total value of $348,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Eaton Vance Profile
Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in the United States. It also provides investment management and counseling services to institutions and individuals. Further, the company operates as an adviser and distributor of investment companies and separate accounts.
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