KAMES CAPITAL plc trimmed its position in shares of Eaton Vance Corp (NYSE:EV) by 8.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,562 shares of the asset manager’s stock after selling 3,183 shares during the period. KAMES CAPITAL plc’s holdings in Eaton Vance were worth $2,061,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of EV. Vanguard Group Inc. boosted its position in Eaton Vance by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 10,523,293 shares of the asset manager’s stock valued at $497,962,000 after buying an additional 124,336 shares during the period. Bank of New York Mellon Corp boosted its position in Eaton Vance by 33.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,421,942 shares of the asset manager’s stock valued at $218,311,000 after buying an additional 1,113,748 shares during the period. Earnest Partners LLC boosted its position in Eaton Vance by 0.5% in the 3rd quarter. Earnest Partners LLC now owns 1,795,310 shares of the asset manager’s stock valued at $88,634,000 after buying an additional 8,804 shares during the period. JPMorgan Chase & Co. boosted its position in Eaton Vance by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,768,996 shares of the asset manager’s stock valued at $87,689,000 after buying an additional 46,140 shares during the period. Finally, Janus Henderson Group PLC boosted its position in Eaton Vance by 13,411.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,557,593 shares of the asset manager’s stock valued at $73,705,000 after buying an additional 1,546,065 shares during the period. Institutional investors own 68.73% of the company’s stock.
In other news, Director Dorothy E. Puhy sold 5,953 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $51.08, for a total value of $304,079.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey P. Beale sold 24,140 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $51.36, for a total transaction of $1,239,830.40. The disclosure for this sale can be found here. Insiders sold a total of 174,146 shares of company stock valued at $8,952,337 in the last ninety days.
Shares of Eaton Vance Corp (NYSE:EV) opened at $60.45 on Friday. Eaton Vance Corp has a 52-week low of $41.40 and a 52-week high of $60.85. The firm has a market cap of $7,083.49, a P/E ratio of 24.98, a PEG ratio of 0.90 and a beta of 1.90. The company has a debt-to-equity ratio of 0.62, a current ratio of 5.44 and a quick ratio of 5.44.
Eaton Vance (NYSE:EV) last announced its quarterly earnings results on Tuesday, November 21st. The asset manager reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.01). Eaton Vance had a return on equity of 33.45% and a net margin of 18.45%. The business had revenue of $405.70 million during the quarter, compared to analysts’ expectations of $407.75 million. During the same period in the previous year, the company posted $0.57 EPS. Eaton Vance’s revenue for the quarter was up 17.0% on a year-over-year basis. research analysts expect that Eaton Vance Corp will post 3.28 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a $0.31 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $1.24 annualized dividend and a dividend yield of 2.05%. Eaton Vance’s payout ratio is presently 51.24%.
Several research firms have issued reports on EV. ValuEngine raised shares of Eaton Vance from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Deutsche Bank began coverage on shares of Eaton Vance in a research report on Tuesday, October 17th. They issued a “buy” rating and a $57.00 price objective for the company. Bank of America boosted their price objective on shares of Eaton Vance from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. Jefferies Group reissued a “hold” rating and issued a $46.00 price objective on shares of Eaton Vance in a research report on Thursday, October 26th. Finally, Zacks Investment Research cut shares of Eaton Vance from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $52.06.
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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