Nichols & Pratt Advisers LLP MA lowered its position in Eaton Vance Corp (NYSE:EV) by 11.4% during the first quarter, Holdings Channel reports. The fund owned 4,660 shares of the asset manager’s stock after selling 600 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in Eaton Vance Corp were worth $209,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Eaton Vance Corp by 0.7% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 226,265 shares of the asset manager’s stock worth $10,173,000 after buying an additional 1,487 shares during the last quarter. TrimTabs Asset Management LLC boosted its stake in Eaton Vance Corp by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,705 shares of the asset manager’s stock worth $122,000 after buying an additional 1,272 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in Eaton Vance Corp by 5.2% in the first quarter. Mutual of America Capital Management LLC now owns 92,334 shares of the asset manager’s stock worth $4,151,000 after buying an additional 4,587 shares during the last quarter. State of Wisconsin Investment Board boosted its stake in Eaton Vance Corp by 23.8% in the first quarter. State of Wisconsin Investment Board now owns 73,909 shares of the asset manager’s stock worth $3,323,000 after buying an additional 14,189 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Eaton Vance Corp by 13.9% in the first quarter. Ameriprise Financial Inc. now owns 577,224 shares of the asset manager’s stock worth $25,953,000 after buying an additional 70,538 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors.
Shares of Eaton Vance Corp (NYSE:EV) traded up 1.75% during trading on Friday, hitting $44.88. 547,392 shares of the stock were exchanged. Eaton Vance Corp has a one year low of $32.97 and a one year high of $47.83. The stock’s 50 day moving average price is $43.74 and its 200 day moving average price is $42.94. The stock has a market cap of $4.97 billion, a PE ratio of 20.87 and a beta of 1.79.
Eaton Vance Corp (NYSE:EV) last posted its quarterly earnings results on Wednesday, February 22nd. The asset manager reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by $0.04. The firm had revenue of $354.95 million for the quarter, compared to analyst estimates of $351.22 million. Eaton Vance Corp had a net margin of 17.97% and a return on equity of 38.30%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. Equities research analysts predict that Eaton Vance Corp will post $2.45 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 28th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend was Wednesday, April 26th. Eaton Vance Corp’s dividend payout ratio is currently 53.33%.
A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of Eaton Vance Corp from a “hold” rating to a “sell” rating in a report on Monday, May 1st. Jefferies Group LLC reissued a “hold” rating and set a $42.00 price objective on shares of Eaton Vance Corp in a report on Friday, March 24th. Finally, Bank of America Corp raised shares of Eaton Vance Corp from an “underperform” rating to a “neutral” rating in a report on Tuesday, February 21st. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $41.75.
Eaton Vance Corp 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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