Eaton Vance Corporation (NYSE:EV) insider Frederick S. Marius sold 45,893 shares of the stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $43.71, for a total transaction of $2,005,983.03. Following the completion of the transaction, the insider now directly owns 35,042 shares of the company’s stock, valued at approximately $1,531,685.82. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Eaton Vance Corporation (NYSE:EV) traded down 1.12% during midday trading on Friday, hitting $42.56. 119,415 shares of the stock traded hands. Eaton Vance Corporation has a 52 week low of $26.44 and a 52 week high of $44.00. The stock’s 50-day moving average price is $42.69 and its 200 day moving average price is $39.45. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 20.08 and a beta of 1.81.
Eaton Vance Corporation (NYSE:EV) last issued its earnings results on Tuesday, November 22nd. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.59 by $0.02. The firm earned $346.85 million during the quarter, compared to analysts’ expectations of $341.46 million. Eaton Vance Corporation had a return on equity of 38.30% and a net margin of 17.97%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 earnings per share. On average, equities research analysts predict that Eaton Vance Corporation will post $2.43 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Tuesday, January 31st will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Friday, January 27th. Eaton Vance Corporation’s payout ratio is currently 53.33%.
Several equities analysts have issued reports on EV shares. Zacks Investment Research cut shares of Eaton Vance Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 5th. Citigroup Inc. restated a “neutral” rating on shares of Eaton Vance Corporation in a research report on Sunday, October 23rd. Jefferies Group LLC restated a “hold” rating and issued a $37.00 price target on shares of Eaton Vance Corporation in a research report on Wednesday, November 23rd. Finally, J P Morgan Chase & Co restated an “underweight” rating on shares of Eaton Vance Corporation in a research report on Thursday, January 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Eaton Vance Corporation currently has an average rating of “Hold” and a consensus target price of $38.48.
Several hedge funds have recently added to or reduced their stakes in the company. Shell Asset Management Co. increased its stake in Eaton Vance Corporation by 2.4% in the second quarter. Shell Asset Management Co. now owns 18,883 shares of the company’s stock worth $667,000 after buying an additional 438 shares in the last quarter. Boston Advisors LLC acquired a new stake in Eaton Vance Corporation during the second quarter worth $351,000. American Century Companies Inc. increased its stake in Eaton Vance Corporation by 683.9% in the second quarter. American Century Companies Inc. now owns 1,020,561 shares of the company’s stock worth $36,067,000 after buying an additional 890,365 shares in the last quarter. First Midwest Bank Trust Division boosted its position in shares of Eaton Vance Corporation by 43.6% in the second quarter. First Midwest Bank Trust Division now owns 9,641 shares of the company’s stock worth $341,000 after buying an additional 2,925 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in Eaton Vance Corporation by 3.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 8,256 shares of the company’s stock valued at $291,000 after buying an additional 304 shares in the last quarter. 70.47% of the stock is currently owned by hedge funds and other institutional investors.
Eaton Vance Corporation Company Profile
Eaton Vance Corp. is engaged in business of managing investment funds and providing investment management and advisory services to individuals and institutions. The Company seeks to develop and sustain management expertise across a range of investment disciplines, and offer investment products and services through various distribution channels.