Shares of Eaton Vance Corp. (NYSE:EV) have been given a consensus rating of “Hold” by the eleven analysts that are presently covering the stock. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $37.54.
A number of research firms have issued reports on EV. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $37.00 price target on shares of Eaton Vance Corp. in a research report on Thursday, September 1st. Keefe, Bruyette & Woods increased their price target on Eaton Vance Corp. from $38.00 to $40.00 and gave the company a “market perform” rating in a research report on Friday, August 19th. Jefferies Group increased their price target on Eaton Vance Corp. from $34.00 to $38.00 and gave the company a “hold” rating in a research report on Tuesday, August 16th. Finally, Zacks Investment Research lowered Eaton Vance Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, September 15th.
In related news, CEO Matthew J. Witkos sold 94,408 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $40.08, for a total transaction of $3,783,872.64. Following the transaction, the chief executive officer now owns 197,077 shares in the company, valued at approximately $7,898,846.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dorothy E. Puhy sold 6,197 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $38.75, for a total value of $240,133.75. Following the transaction, the director now owns 15,787 shares in the company, valued at approximately $611,746.25. The disclosure for this sale can be found here.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EV. Americafirst Capital Management LLC bought a new position in shares of Eaton Vance Corp. during the second quarter valued at $102,000. IFP Advisors Inc increased its position in shares of Eaton Vance Corp. by 29.1% in the first quarter. IFP Advisors Inc now owns 3,532 shares of the company’s stock valued at $118,000 after buying an additional 797 shares during the period. Strs Ohio increased its position in shares of Eaton Vance Corp. by 4,947.9% in the second quarter. Strs Ohio now owns 3,685 shares of the company’s stock valued at $130,000 after buying an additional 3,612 shares during the period. Tredje AP fonden increased its position in shares of Eaton Vance Corp. by 467.5% in the second quarter. Tredje AP fonden now owns 4,540 shares of the company’s stock valued at $160,000 after buying an additional 3,740 shares during the period. Finally, Advisor Group Inc. bought a new position in shares of Eaton Vance Corp. during the second quarter valued at $171,000. Hedge funds and other institutional investors own 70.88% of the company’s stock.
Shares of Eaton Vance Corp. (NYSE:EV) traded down 1.93% on Thursday, reaching $38.07. The company’s stock had a trading volume of 235,096 shares. The stock has a 50-day moving average price of $39.23 and a 200-day moving average price of $36.25. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 18.29 and a beta of 1.70. Eaton Vance Corp. has a 1-year low of $26.44 and a 1-year high of $40.36.
Eaton Vance Corp. (NYSE:EV) last posted its quarterly earnings results on Wednesday, August 17th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $341.20 million for the quarter. Eaton Vance Corp. had a return on equity of 39.06% and a net margin of 17.83%. Eaton Vance Corp.’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 EPS. On average, equities research analysts forecast that Eaton Vance Corp. will post $2.13 EPS for the current year.
About Eaton Vance Corp.
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.
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