Dimensional Fund Advisors LP raised its stake in shares of Eaton Vance Corp (NYSE:EV) by 7.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,070,988 shares of the asset manager’s stock after purchasing an additional 77,906 shares during the period. Dimensional Fund Advisors LP owned 0.92% of Eaton Vance worth $52,876,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. grew its holdings in Eaton Vance by 437.3% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,031 shares of the asset manager’s stock valued at $100,000 after purchasing an additional 1,653 shares during the last quarter. WFG Advisors LP boosted its position in shares of Eaton Vance by 0.6% in the second quarter. WFG Advisors LP now owns 2,337 shares of the asset manager’s stock valued at $111,000 after acquiring an additional 14 shares during the period. Pacad Investment Ltd. bought a new stake in shares of Eaton Vance in the second quarter valued at approximately $166,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Eaton Vance by 44.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,197 shares of the asset manager’s stock valued at $199,000 after acquiring an additional 1,296 shares during the period. Finally, CIBC Asset Management Inc bought a new stake in shares of Eaton Vance in the third quarter valued at approximately $200,000. Institutional investors own 68.73% of the company’s stock.
Several equities research analysts have recently weighed in on the company. ValuEngine raised Eaton Vance from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research cut Eaton Vance from a “buy” rating to a “hold” rating in a research report on Monday, November 27th. Deutsche Bank assumed coverage on Eaton Vance in a research report on Tuesday, October 17th. They issued a “buy” rating and a $57.00 price objective for the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $53.00 price objective on shares of Eaton Vance in a research report on Friday, November 10th. Finally, Jefferies Group reissued a “hold” rating and issued a $46.00 price objective on shares of Eaton Vance in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Eaton Vance currently has an average rating of “Hold” and a consensus price target of $52.06.
In related news, CEO Thomas E. Faust, Jr. sold 72,314 shares of the firm’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $51.05, for a total value of $3,691,629.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Laurie G. Hylton sold 21,371 shares of the firm’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $50.60, for a total value of $1,081,372.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 278,134 shares of company stock valued at $14,269,483.
Eaton Vance Corp (NYSE EV) opened at $57.87 on Friday. The company has a market capitalization of $6,748.15, a price-to-earnings ratio of 23.91, a P/E/G ratio of 0.91 and a beta of 1.90. Eaton Vance Corp has a 12-month low of $41.40 and a 12-month high of $58.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 5.44 and a quick ratio of 5.44.
Eaton Vance (NYSE:EV) last issued its earnings results on Tuesday, November 21st. The asset manager reported $0.70 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.01). The firm had revenue of $405.70 million during the quarter, compared to the consensus estimate of $407.75 million. Eaton Vance had a return on equity of 33.45% and a net margin of 18.45%. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period last year, the business earned $0.57 earnings per share. analysts predict that Eaton Vance Corp will post 3.11 EPS for the current year.
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Eaton Vance 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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