Grimes & Company Inc. increased its stake in shares of Eaton Vance Corp. (NYSE:EV) by 9.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 201,664 shares of the company’s stock after buying an additional 17,577 shares during the period. Eaton Vance Corp. makes up approximately 1.0% of Grimes & Company Inc.’s investment portfolio, making the stock its 22nd largest position. Grimes & Company Inc.’s holdings in Eaton Vance Corp. were worth $7,126,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of EV. Norges Bank acquired a new stake in Eaton Vance Corp. during the fourth quarter valued at approximately $31,742,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Eaton Vance Corp. by 9.7% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 37,811 shares of the company’s stock valued at $1,267,000 after buying an additional 3,332 shares during the last quarter. Handelsinvest Investeringsforvaltning acquired a new stake in Eaton Vance Corp. during the first quarter valued at approximately $1,542,000. Commonwealth Equity Services Inc raised its stake in Eaton Vance Corp. by 3.4% in the first quarter. Commonwealth Equity Services Inc now owns 53,530 shares of the company’s stock valued at $1,794,000 after buying an additional 1,763 shares during the last quarter. Finally, Aperio Group LLC raised its stake in Eaton Vance Corp. by 21.9% in the first quarter. Aperio Group LLC now owns 43,103 shares of the company’s stock valued at $1,445,000 after buying an additional 7,734 shares during the last quarter. Institutional investors and hedge funds own 70.89% of the company’s stock.
Eaton Vance Corp. (NYSE:EV) traded up 0.05% on Tuesday, reaching $38.86. The company’s stock had a trading volume of 624,807 shares. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 18.66 and a beta of 1.70. The firm has a 50-day moving average of $39.02 and a 200 day moving average of $35.94. Eaton Vance Corp. has a 12-month low of $26.44 and a 12-month high of $40.36.
Eaton Vance Corp. (NYSE:EV) last released its earnings results on Wednesday, August 17th. The company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.01. Eaton Vance Corp. had a return on equity of 39.06% and a net margin of 17.83%. The firm earned $341.20 million during the quarter. During the same period last year, the firm earned $0.57 EPS. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities research analysts anticipate that Eaton Vance Corp. will post $2.14 EPS for the current fiscal year.
Several equities research analysts have recently commented on EV shares. Jefferies Group reaffirmed a “hold” rating on shares of Eaton Vance Corp. in a research report on Monday, August 1st. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Eaton Vance Corp. in a report on Sunday, May 29th. Zacks Investment Research lowered shares of Eaton Vance Corp. from a “buy” rating to a “hold” rating in a report on Thursday, September 15th. Finally, Credit Suisse Group AG reissued a “hold” rating and issued a $37.00 target price on shares of Eaton Vance Corp. in a report on Thursday, September 1st. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Eaton Vance Corp. currently has a consensus rating of “Hold” and a consensus target price of $37.54.
In related news, Director Brian D. Langstraat sold 38,012 shares of Eaton Vance Corp. stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $39.79, for a total transaction of $1,512,497.48. Following the completion of the transaction, the director now directly owns 107,712 shares in the company, valued at $4,285,860.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew J. Witkos sold 94,408 shares of Eaton Vance Corp. stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $40.08, for a total value of $3,783,872.64. Following the transaction, the chief executive officer now owns 197,077 shares of the company’s stock, valued at $7,898,846.16. The disclosure for this sale can be found here.
Eaton Vance Corp. 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.
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