Teacher Retirement System of Texas increased its position in shares of Eaton Vance Corp. (NYSE:EV) by 152.9% during the second quarter, Holdings Channel reports. The institutional investor owned 15,900 shares of the company’s stock after buying an additional 9,612 shares during the period. Teacher Retirement System of Texas’ holdings in Eaton Vance Corp. were worth $562,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of EV. Americafirst Capital Management LLC acquired a new stake in shares of Eaton Vance Corp. during the second quarter worth approximately $102,000. IFP Advisors Inc raised its stake in 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 raised its stake in 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. Creative Planning raised its stake in Eaton Vance Corp. by 8.4% in the second quarter. Creative Planning now owns 4,875 shares of the company’s stock valued at $172,000 after buying an additional 378 shares during the period. Finally, Bank of Montreal Can bought a new stake in Eaton Vance Corp. during the second quarter valued at approximately $176,000. Institutional investors own 70.88% of the company’s stock.
Shares of Eaton Vance Corp. (NYSE:EV) traded up 0.41% during mid-day trading on Monday, hitting $39.21. 309,187 shares of the company traded hands. The firm has a 50-day moving average price of $39.23 and a 200 day moving average price of $36.32. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 18.83 and a beta of 1.76. Eaton Vance Corp. has a 52-week low of $26.44 and a 52-week high of $40.36.
Eaton Vance Corp. (NYSE:EV) last posted its quarterly earnings data on Wednesday, August 17th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The business earned $341.20 million during the quarter. Eaton Vance Corp. had a net margin of 17.83% and a return on equity of 39.06%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.57 EPS. Equities research analysts anticipate that Eaton Vance Corp. will post $2.13 EPS for the current fiscal year.
A number of equities research analysts have issued reports on EV shares. Zacks Investment Research upgraded Eaton Vance Corp. from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Tuesday, July 19th. Jefferies Group reaffirmed a “hold” rating on shares of Eaton Vance Corp. in a report on Monday, August 1st. Keefe, Bruyette & Woods lifted their price objective on shares of Eaton Vance Corp. from $38.00 to $40.00 and gave the company a “market perform” rating in a report on Friday, August 19th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $37.00 price objective 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 issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $37.54.
In related news, Director Brian D. Langstraat sold 38,012 shares of the company’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $39.79, for a total value of $1,512,497.48. Following the completion of the sale, the director now owns 107,712 shares of the company’s stock, valued at $4,285,860.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew J. Witkos sold 94,408 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 197,077 shares of the company’s stock, valued at approximately $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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