DekaBank Deutsche Girozentrale trimmed its position in Eaton Vance (NYSE:EV) by 12.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,878 shares of the asset manager’s stock after selling 3,187 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Eaton Vance were worth $1,295,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Captrust Financial Advisors purchased a new position in shares of Eaton Vance in the fourth quarter worth $114,000. Cerebellum GP LLC purchased a new position in Eaton Vance during the 4th quarter valued at $128,000. Hyman Charles D purchased a new position in Eaton Vance during the 4th quarter valued at $209,000. Stone Ridge Asset Management LLC purchased a new position in Eaton Vance during the 4th quarter valued at $213,000. Finally, Koch Industries Inc. purchased a new position in Eaton Vance during the 4th quarter valued at $219,000. 69.83% of the stock is currently owned by institutional investors.
A number of research analysts have issued reports on the stock. Deutsche Bank reduced their price objective on shares of Eaton Vance from $62.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, March 6th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $59.00 price objective on shares of Eaton Vance in a research report on Wednesday, April 11th. ValuEngine raised shares of Eaton Vance from a “hold” rating to a “buy” rating in a research report on Monday, May 7th. Zacks Investment Research downgraded shares of Eaton Vance from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Finally, JPMorgan Chase set a $58.00 price objective on shares of Eaton Vance and gave the company a “hold” rating in a research report on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $56.31.
Shares of EV stock opened at $57.60 on Friday. Eaton Vance has a 12 month low of $56.94 and a 12 month high of $58.02. The firm has a market cap of $6.91 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 0.76 and a beta of 1.70. The company has a current ratio of 9.40, a quick ratio of 9.40 and a debt-to-equity ratio of 0.60.
Eaton Vance (NYSE:EV) last announced its earnings results on Tuesday, February 27th. The asset manager reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.03. Eaton Vance had a net margin of 18.77% and a return on equity of 34.09%. The firm had revenue of $421.40 million for the quarter, compared to analysts’ expectations of $420.62 million. During the same quarter in the previous year, the business posted $0.53 EPS. The company’s quarterly revenue was up 18.7% on a year-over-year basis. analysts expect that Eaton Vance will post 3.31 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Monday, April 30th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Friday, April 27th. Eaton Vance’s dividend payout ratio (DPR) is presently 50.00%.
About Eaton Vance
Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in the United States. It also provides investment management and counseling services to institutions and individuals. Further, the company operates as an adviser and distributor of investment companies and separate accounts.
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