Globeflex Capital L P boosted its holdings in Eaton Vance Corp. (NYSE:EV) by 171.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 26,545 shares of the asset manager’s stock after purchasing an additional 16,749 shares during the quarter. Globeflex Capital L P’s holdings in Eaton Vance were worth $1,013,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of EV. Creative Planning bought a new stake in Eaton Vance during the 2nd quarter worth $210,000. Raymond James & Associates raised its holdings in Eaton Vance by 5.7% during the 2nd quarter. Raymond James & Associates now owns 81,313 shares of the asset manager’s stock worth $3,139,000 after buying an additional 4,383 shares during the period. M&T Bank Corp purchased a new position in Eaton Vance during the 2nd quarter valued at about $237,000. State of Michigan Retirement System grew its stake in Eaton Vance by 32.1% during the 2nd quarter. State of Michigan Retirement System now owns 41,464 shares of the asset manager’s stock valued at $1,601,000 after acquiring an additional 10,064 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of Eaton Vance by 35.3% in the 2nd quarter. UBS Group AG now owns 58,756 shares of the asset manager’s stock valued at $2,268,000 after buying an additional 15,327 shares in the last quarter. Hedge funds and other institutional investors own 68.35% of the company’s stock.
NYSE EV opened at $68.72 on Monday. The stock has a market capitalization of $7.85 billion, a PE ratio of 27.38, a PEG ratio of 3.13 and a beta of 1.26. Eaton Vance Corp. has a 1 year low of $23.59 and a 1 year high of $68.87. The business’s 50-day moving average is $62.86 and its 200 day moving average is $44.37.
Eaton Vance (NYSE:EV) last posted its quarterly earnings data on Monday, November 23rd. The asset manager reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.02. Eaton Vance had a return on equity of 31.17% and a net margin of 16.56%. As a group, equities analysts anticipate that Eaton Vance Corp. will post 3.34 EPS for the current year.
The company also recently disclosed a None dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be given a dividend of $4.25 per share. The ex-dividend date is Thursday, December 3rd. Eaton Vance’s payout ratio is 43.48%.
EV has been the subject of several analyst reports. Credit Suisse Group boosted their target price on Eaton Vance from $39.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. TheStreet downgraded Eaton Vance from a “b-” rating to a “c+” rating in a research report on Monday, September 21st. Citigroup raised their price target on Eaton Vance from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Thursday, August 27th. JPMorgan Chase & Co. cut Eaton Vance from an “overweight” rating to a “neutral” rating in a research note on Monday, November 23rd. Finally, Zacks Investment Research raised Eaton Vance from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Eaton Vance has a consensus rating of “Hold” and an average target price of $51.57.
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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