Eaton Vance Corp (EV) Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lifted its stake in shares of Eaton Vance Corp (NYSE:EV) by 3.0% in the fourth quarter, Holdings Channel reports. The fund owned 95,358 shares of the asset manager’s stock after acquiring an additional 2,739 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Eaton Vance were worth $5,377,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in Eaton Vance by 33.7% in the third quarter. Bank of New York Mellon Corp now owns 4,421,942 shares of the asset manager’s stock worth $218,311,000 after purchasing an additional 1,113,748 shares during the last quarter. Earnest Partners LLC lifted its stake in Eaton Vance by 0.5% in the third quarter. Earnest Partners LLC now owns 1,795,310 shares of the asset manager’s stock worth $88,634,000 after purchasing an additional 8,804 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Eaton Vance by 2.7% in the third quarter. JPMorgan Chase & Co. now owns 1,768,996 shares of the asset manager’s stock worth $87,689,000 after purchasing an additional 46,140 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Eaton Vance by 13,411.4% in the second quarter. Janus Henderson Group PLC now owns 1,557,593 shares of the asset manager’s stock worth $73,705,000 after purchasing an additional 1,546,065 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Eaton Vance by 7.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,070,988 shares of the asset manager’s stock worth $52,876,000 after purchasing an additional 77,906 shares during the last quarter. 69.57% of the stock is owned by institutional investors.

In other news, Director Dorothy E. Puhy sold 9,490 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $60.49, for a total transaction of $574,050.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew J. Witkos sold 25,000 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $60.35, for a total transaction of $1,508,750.00. The disclosure for this sale can be found here.

Eaton Vance Corp (NYSE:EV) opened at $57.05 on Monday. The company has a market cap of $6,736.34, a PE ratio of 23.57, a PEG ratio of 0.86 and a beta of 1.79. The company has a debt-to-equity ratio of 0.62, a quick ratio of 5.44 and a current ratio of 5.44. Eaton Vance Corp has a one year low of $41.81 and a one year high of $60.95.

Eaton Vance (NYSE:EV) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $407.75 million. Eaton Vance had a net margin of 18.45% and a return on equity of 33.45%. The business’s revenue was up 17.0% on a year-over-year basis. During the same period last year, the company posted $0.57 earnings per share. sell-side analysts predict that Eaton Vance Corp will post 3.28 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Tuesday, January 30th. Eaton Vance’s dividend payout ratio (DPR) is 51.24%.

Several research firms have weighed in on EV. Zacks Investment Research raised shares of Eaton Vance from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Tuesday, January 23rd. Deutsche Bank began coverage on shares of Eaton Vance in a research note on Tuesday, October 17th. They issued a “buy” rating and a $57.00 price target for the company. ValuEngine raised shares of Eaton Vance from a “hold” rating to a “buy” rating in a research note on Wednesday, November 22nd. Bank of America boosted their price target on shares of Eaton Vance from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Finally, Jefferies Group reissued a “hold” rating and issued a $46.00 price target on shares of Eaton Vance in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Eaton Vance has an average rating of “Hold” and a consensus price target of $53.44.

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About Eaton Vance

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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Institutional Ownership by Quarter for Eaton Vance (NYSE:EV)

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