Dimensional Fund Advisors LP boosted its stake in Eaton Vance Corp (NYSE:EV) by 2.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 987,483 shares of the asset manager’s stock after buying an additional 19,976 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.83% of Eaton Vance worth $51,536,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. grew its stake in Eaton Vance by 44.3% in the 2nd 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 during the period. Toronto Dominion Bank grew its stake in Eaton Vance by 18.1% in the 1st quarter. Toronto Dominion Bank now owns 8,083 shares of the asset manager’s stock valued at $450,000 after purchasing an additional 1,237 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in Eaton Vance by 11.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 13,116 shares of the asset manager’s stock valued at $685,000 after purchasing an additional 1,343 shares during the period. IFM Investors Pty Ltd grew its stake in Eaton Vance by 34.4% in the 2nd quarter. IFM Investors Pty Ltd now owns 5,981 shares of the asset manager’s stock valued at $312,000 after purchasing an additional 1,530 shares during the period. Finally, Arizona State Retirement System grew its stake in Eaton Vance by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 82,758 shares of the asset manager’s stock valued at $4,319,000 after purchasing an additional 1,554 shares during the period. 68.40% of the stock is owned by institutional investors and hedge funds.
EV stock opened at $52.56 on Friday. The company has a quick ratio of 8.35, a current ratio of 8.35 and a debt-to-equity ratio of 1.14. The firm has a market cap of $6.32 billion, a PE ratio of 21.19, a PEG ratio of 0.90 and a beta of 1.62. Eaton Vance Corp has a fifty-two week low of $49.03 and a fifty-two week high of $60.95.
Eaton Vance (NYSE:EV) last posted its quarterly earnings results on Wednesday, August 29th. The asset manager reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. The company 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 firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.62 EPS. equities analysts forecast that Eaton Vance Corp will post 3.21 EPS for the current year.
A number of research analysts have issued reports on EV shares. Zacks Investment Research upgraded Eaton Vance from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd. Citigroup cut their price target on Eaton Vance from $65.50 to $62.00 and set a “buy” rating for the company in a research note on Thursday, May 31st. Finally, Deutsche Bank cut their price target on Eaton Vance from $64.00 to $63.00 and set a “buy” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Eaton Vance currently has a consensus rating of “Hold” and a consensus price target of $58.31.
Eaton Vance 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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