Meadow Creek Investment Management LLC increased its stake in Eaton Vance Corp (NYSE:EV) by 15.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,252 shares of the asset manager’s stock after purchasing an additional 2,210 shares during the period. Meadow Creek Investment Management LLC’s holdings in Eaton Vance were worth $917,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Teachers Advisors LLC boosted its stake in Eaton Vance by 2.9% in the fourth quarter. Teachers Advisors LLC now owns 119,280 shares of the asset manager’s stock worth $6,726,000 after buying an additional 3,341 shares in the last quarter. Captrust Financial Advisors purchased a new stake in Eaton Vance in the fourth quarter worth approximately $114,000. Raymond James & Associates boosted its stake in Eaton Vance by 5.8% in the fourth quarter. Raymond James & Associates now owns 27,955 shares of the asset manager’s stock worth $1,576,000 after buying an additional 1,533 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in Eaton Vance in the fourth quarter worth approximately $233,000. Finally, Ellington Management Group LLC purchased a new stake in Eaton Vance in the fourth quarter worth approximately $1,207,000. Institutional investors own 70.59% of the company’s stock.
Shares of Eaton Vance stock opened at $57.48 on Thursday. The firm has a market capitalization of $6,869.25, a P/E ratio of 22.81, a PEG ratio of 0.66 and a beta of 1.79. Eaton Vance Corp has a 52 week low of $42.20 and a 52 week high of $60.95. The company has a debt-to-equity ratio of 0.60, a quick ratio of 9.40 and a current ratio of 9.40.
Eaton Vance (NYSE:EV) last released its quarterly earnings data on Tuesday, February 27th. The asset manager reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. The firm had revenue of $421.40 million during the quarter, compared to analyst estimates of $420.62 million. Eaton Vance had a return on equity of 34.09% and a net margin of 18.77%. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 earnings per share. sell-side analysts forecast that Eaton Vance Corp will post 3.35 EPS for the current year.
Several analysts have issued reports on EV shares. ValuEngine raised Eaton Vance from a “hold” rating to a “buy” rating in a research note on Wednesday, November 22nd. Zacks Investment Research lowered Eaton Vance from a “buy” rating to a “hold” rating in a research note on Monday, November 27th. JPMorgan Chase & Co. set a $58.00 target price on Eaton Vance and gave the stock a “hold” rating in a research note on Wednesday, February 21st. Finally, Deutsche Bank cut their target price on Eaton Vance from $62.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Eaton Vance presently has an average rating of “Hold” and an average target price of $55.19.
In related news, CEO Matthew J. Witkos sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $60.35, for a total transaction of $1,508,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dorothy E. Puhy sold 9,490 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $60.49, for a total value of $574,050.10. The disclosure for this sale can be found here.
TRADEMARK VIOLATION WARNING: This piece of content was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://ledgergazette.com/2018/03/22/eaton-vance-corp-ev-shares-bought-by-meadow-creek-investment-management-llc.html.
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.
Receive News & Ratings for Eaton Vance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton Vance and related companies with MarketBeat.com's FREE daily email newsletter.