Eaton Vance Corp (NYSE:EV) has been given a consensus rating of “Hold” by the nine research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $57.07.
EV has been the subject of several research analyst reports. Citigroup decreased their price objective on Eaton Vance from $65.50 to $62.00 and set a “buy” rating for the company in a report on Thursday, May 31st. Zacks Investment Research downgraded Eaton Vance from a “hold” rating to a “sell” rating in a report on Thursday, August 9th.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Mount Yale Investment Advisors LLC acquired a new position in shares of Eaton Vance in the 1st quarter valued at about $103,000. Clarus Wealth Advisors purchased a new position in Eaton Vance in the second quarter valued at about $131,000. Sit Investment Associates Inc. grew its stake in Eaton Vance by 44.3% in the second quarter. Sit Investment Associates Inc. now owns 3,500 shares of the asset manager’s stock valued at $183,000 after purchasing an additional 1,075 shares in the last quarter. TLP Group LLC grew its stake in Eaton Vance by 6,198.3% in the first quarter. TLP Group LLC now owns 3,653 shares of the asset manager’s stock valued at $203,000 after purchasing an additional 3,595 shares in the last quarter. Finally, Korea Investment CORP purchased a new position in Eaton Vance in the second quarter valued at about $193,000. 68.40% of the stock is owned by hedge funds and other institutional investors.
Shares of EV stock traded down $0.74 during trading hours on Wednesday, hitting $52.77. The stock had a trading volume of 400,300 shares, compared to its average volume of 611,589. The company has a market capitalization of $6.34 billion, a P/E ratio of 21.57, a PEG ratio of 0.90 and a beta of 1.62. Eaton Vance has a twelve month low of $48.63 and a twelve month high of $60.95. The company has a current ratio of 8.35, a quick ratio of 8.35 and a debt-to-equity ratio of 1.14.
Eaton Vance (NYSE:EV) last posted its quarterly earnings data on Wednesday, August 29th. The asset manager reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.01. The business had revenue of $430.60 million during the quarter, compared to the consensus estimate of $430.11 million. Eaton Vance had a return on equity of 34.91% and a net margin of 21.44%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 earnings per share. research analysts predict that Eaton Vance will post 3.21 EPS for the current fiscal year.
Eaton Vance Company Profile
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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