Mutual of America Capital Management LLC Has $4.49 Million Stake in Eaton Vance Corporation (EV)

Mutual of America Capital Management LLC raised its holdings in shares of Eaton Vance Corporation (NYSE:EV) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,870 shares of the asset manager’s stock after acquiring an additional 2,536 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.08% of Eaton Vance Corporation worth $4,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. New York State Common Retirement Fund boosted its stake in shares of Eaton Vance Corporation by 0.5% during the 2nd quarter. New York State Common Retirement Fund now owns 518,500 shares of the asset manager’s stock worth $24,535,000 after acquiring an additional 2,799 shares during the last quarter. Investec Asset Management LTD boosted its stake in shares of Eaton Vance Corporation by 25.7% during the 2nd quarter. Investec Asset Management LTD now owns 133,366 shares of the asset manager’s stock worth $6,311,000 after acquiring an additional 27,290 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Eaton Vance Corporation by 2.2% during the 2nd quarter. ProShare Advisors LLC now owns 239,418 shares of the asset manager’s stock worth $11,329,000 after acquiring an additional 5,213 shares during the last quarter. Laurion Capital Management LP purchased a new position in shares of Eaton Vance Corporation during the 2nd quarter worth $322,000. Finally, Stevens Capital Management LP purchased a new position in shares of Eaton Vance Corporation during the 2nd quarter worth $1,638,000. Institutional investors and hedge funds own 68.91% of the company’s stock.

Eaton Vance Corporation (NYSE:EV) opened at 48.38 on Friday. The company’s 50 day moving average is $47.26 and its 200-day moving average is $46.38. The stock has a market cap of $5.42 billion, a PE ratio of 21.03 and a beta of 1.85. Eaton Vance Corporation has a 1-year low of $34.44 and a 1-year high of $50.10.

Eaton Vance Corporation (NYSE:EV) last announced its quarterly earnings results on Wednesday, August 23rd. The asset manager reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.05). Eaton Vance Corporation had a return on equity of 34.47% and a net margin of 18.03%. The firm had revenue of $393.70 million for the quarter, compared to analysts’ expectations of $398.74 million. During the same period last year, the company posted $0.56 earnings per share. The business’s quarterly revenue was up 15.4% on a year-over-year basis. Equities research analysts forecast that Eaton Vance Corporation will post $2.46 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on EV shares. Citigroup Inc. upgraded shares of Eaton Vance Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $52.00 to $54.50 in a research note on Monday, June 5th. Zacks Investment Research upgraded shares of Eaton Vance Corporation from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Thursday, June 8th. J P Morgan Chase & Co reiterated an “underweight” rating and set a $47.00 price target (up previously from $40.00) on shares of Eaton Vance Corporation in a research note on Tuesday, June 6th. BidaskClub cut shares of Eaton Vance Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Finally, Jefferies Group LLC restated a “hold” rating and set a $46.00 target price on shares of Eaton Vance Corporation in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $50.21.

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In related news, Director Leo I. Higdon, Jr. sold 6,865 shares of the stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $48.08, for a total transaction of $330,069.20. Following the sale, the director now directly owns 11,626 shares of the company’s stock, valued at $558,978.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian D. Langstraat sold 12,850 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $48.08, for a total transaction of $617,828.00. Following the sale, the director now directly owns 116,029 shares in the company, valued at $5,578,674.32. The disclosure for this sale can be found here. Insiders have sold 99,699 shares of company stock worth $4,786,391 over the last three months.

Eaton Vance Corporation Profile

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 Corporation (NYSE:EV)

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