Keybank National Association OH cut its position in Eaton Vance Corp (NYSE:EV) by 9.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,829 shares of the asset manager’s stock after selling 5,755 shares during the quarter. Keybank National Association OH owned 0.05% of Eaton Vance worth $2,598,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Yorktown Management & Research Co Inc boosted its holdings in Eaton Vance by 16.0% in the third quarter. Yorktown Management & Research Co Inc now owns 25,400 shares of the asset manager’s stock valued at $1,141,000 after purchasing an additional 3,500 shares during the period. IFM Investors Pty Ltd boosted its holdings in Eaton Vance by 38.8% in the third quarter. IFM Investors Pty Ltd now owns 11,236 shares of the asset manager’s stock valued at $505,000 after purchasing an additional 3,143 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in Eaton Vance by 1.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 29,244 shares of the asset manager’s stock valued at $1,314,000 after purchasing an additional 282 shares during the period. California Public Employees Retirement System boosted its holdings in Eaton Vance by 34.9% in the third quarter. California Public Employees Retirement System now owns 248,318 shares of the asset manager’s stock valued at $11,157,000 after purchasing an additional 64,300 shares during the period. Finally, State of Tennessee Treasury Department boosted its holdings in Eaton Vance by 28.0% in the third quarter. State of Tennessee Treasury Department now owns 165,066 shares of the asset manager’s stock valued at $7,416,000 after purchasing an additional 36,086 shares during the period. 70.89% of the stock is owned by institutional investors and hedge funds.
In other news, Director Brian D. Langstraat sold 3,743 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $45.03, for a total value of $168,547.29. Also, insider Daniel C. Cataldo sold 3,773 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $46.43, for a total value of $175,180.39. Insiders have sold a total of 147,964 shares of company stock valued at $6,784,832 over the last ninety days.
NYSE EV traded up $0.09 during trading on Friday, reaching $47.96. 337,218 shares of the company’s stock were exchanged, compared to its average volume of 835,008. The stock has a market cap of $5.39 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 2.46 and a beta of 1.56. The company has a debt-to-equity ratio of 1.98, a quick ratio of 11.85 and a current ratio of 11.85. The company has a 50 day moving average price of $44.75 and a two-hundred day moving average price of $42.60. Eaton Vance Corp has a 1 year low of $32.28 and a 1 year high of $48.58.
Eaton Vance (NYSE:EV) last announced its quarterly earnings results on Tuesday, August 27th. The asset manager reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.03. The company had revenue of $431.24 million during the quarter, compared to the consensus estimate of $433.98 million. Eaton Vance had a return on equity of 35.45% and a net margin of 23.51%. Eaton Vance’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 EPS. Research analysts forecast that Eaton Vance Corp will post 3.4 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 3.13%. This is an increase from Eaton Vance’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, October 30th. Eaton Vance’s payout ratio is 46.73%.
EV has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on Eaton Vance from $44.00 to $42.00 and set an “underweight” rating for the company in a report on Wednesday, August 28th. Credit Suisse Group lifted their price target on Eaton Vance from $48.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th. ValuEngine raised Eaton Vance from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research raised Eaton Vance from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Eaton Vance currently has a consensus rating of “Hold” and an average price target of $43.57.
About Eaton Vance
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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