Sei Investments Co. lessened its holdings in Eaton Vance Corp (NYSE:EV) by 7.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,032 shares of the asset manager’s stock after selling 3,145 shares during the quarter. Sei Investments Co.’s holdings in Eaton Vance were worth $1,828,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. raised its position in Eaton Vance by 437.3% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,031 shares of the asset manager’s stock worth $100,000 after acquiring an additional 1,653 shares in the last quarter. WFG Advisors LP raised its position in shares of Eaton Vance by 0.6% in the second quarter. WFG Advisors LP now owns 2,337 shares of the asset manager’s stock valued at $111,000 after purchasing an additional 14 shares during the period. Pacad Investment Ltd. bought a new position in shares of Eaton Vance in the second quarter valued at about $166,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Eaton Vance by 44.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,197 shares of the asset manager’s stock valued at $199,000 after purchasing an additional 1,296 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Eaton Vance in the second quarter valued at about $203,000. 69.14% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Eaton Vance from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. J P Morgan Chase & Co raised shares of Eaton Vance from an “underweight” rating to a “neutral” rating and set a $48.00 price objective on the stock in a research report on Thursday, August 24th. BidaskClub lowered shares of Eaton Vance from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $53.00 price objective on shares of Eaton Vance in a research report on Friday, November 10th. Finally, Jefferies Group reissued a “hold” rating and issued a $46.00 price objective on shares of Eaton Vance in a research report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $52.06.
Eaton Vance Corp (EV) traded down $0.21 during mid-day trading on Thursday, hitting $56.40. 648,100 shares of the company traded hands, compared to its average volume of 612,029. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.85 and a quick ratio of 5.74. Eaton Vance Corp has a fifty-two week low of $41.08 and a fifty-two week high of $57.03. The firm has a market capitalization of $6,684.39, a P/E ratio of 22.92, a PEG ratio of 0.94 and a beta of 1.89.
Eaton Vance (NYSE:EV) last released its quarterly earnings results on Tuesday, November 21st. The asset manager reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.01). Eaton Vance had a net margin of 18.45% and a return on equity of 33.45%. The business had revenue of $405.70 million during the quarter, compared to analyst estimates of $407.75 million. During the same quarter last year, the company posted $0.57 earnings per share. The company’s revenue was up 17.0% on a year-over-year basis. equities research analysts anticipate that Eaton Vance Corp will post 2.98 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were paid a $0.31 dividend. The ex-dividend date was Monday, October 30th. This is an increase from Eaton Vance’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a dividend yield of 2.20%. Eaton Vance’s dividend payout ratio is 51.24%.
In other Eaton Vance news, Director Dorothy E. Puhy sold 5,953 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $51.08, for a total transaction of $304,079.24. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Payson F. Swaffield sold 71,739 shares of the stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $51.81, for a total transaction of $3,716,797.59. The disclosure for this sale can be found here. Insiders have sold 587,122 shares of company stock worth $29,384,733 over the last quarter.
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Eaton Vance 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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