Eaton Vance Corp (EV) Stake Boosted by Federated Investors Inc. PA

Federated Investors Inc. PA grew its position in shares of Eaton Vance Corp (NYSE:EV) by 12.5% in the 2nd quarter, Holdings Channel reports. The fund owned 53,685 shares of the asset manager’s stock after buying an additional 5,984 shares during the quarter. Federated Investors Inc. PA’s holdings in Eaton Vance were worth $2,802,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Sit Investment Associates Inc. raised its stake in shares of Eaton Vance by 44.3% during the second quarter. Sit Investment Associates Inc. now owns 3,500 shares of the asset manager’s stock valued at $183,000 after acquiring an additional 1,075 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Eaton Vance by 18.1% during the first quarter. Toronto Dominion Bank now owns 8,083 shares of the asset manager’s stock valued at $450,000 after buying an additional 1,237 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Eaton Vance by 11.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 13,116 shares of the asset manager’s stock valued at $685,000 after buying an additional 1,343 shares during the period. KBC Group NV increased its position in shares of Eaton Vance by 2.3% during the first quarter. KBC Group NV now owns 65,829 shares of the asset manager’s stock valued at $3,665,000 after buying an additional 1,475 shares during the period. Finally, IFM Investors Pty Ltd increased its position in shares of Eaton Vance by 34.4% during the second quarter. IFM Investors Pty Ltd now owns 5,981 shares of the asset manager’s stock valued at $312,000 after buying an additional 1,530 shares during the period. 68.05% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on EV shares. Citigroup reduced their price target on shares of Eaton Vance from $62.00 to $60.50 and set a “buy” rating on the stock in a research report on Thursday, August 30th. ValuEngine cut shares of Eaton Vance from a “buy” rating to a “hold” rating in a research report on Wednesday, May 23rd. Zacks Investment Research upgraded shares of Eaton Vance from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. Finally, Credit Suisse Group boosted their price target on shares of Eaton Vance from $57.00 to $61.00 and gave the company a “neutral” rating in a research report on Wednesday, May 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $58.44.

Shares of NYSE EV opened at $53.13 on Friday. Eaton Vance Corp has a 1 year low of $47.02 and a 1 year high of $60.95. The company has a debt-to-equity ratio of 1.14, a quick ratio of 8.05 and a current ratio of 8.35. The stock has a market cap of $6.16 billion, a P/E ratio of 16.94, a P/E/G ratio of 0.87 and a beta of 1.62.

Eaton Vance (NYSE:EV) last announced its quarterly earnings data on Wednesday, August 29th. The asset manager reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.01. The business had revenue of $430.60 million for the quarter, compared to analysts’ expectations of $430.11 million. Eaton Vance had a net margin of 21.44% and a return on equity of 34.91%. The business’s 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 earnings per share. equities analysts predict that Eaton Vance Corp will post 3.21 EPS for the current fiscal year.

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

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