News stories about Eaton Vance Corporation (NYSE:EV) have trended positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Eaton Vance Corporation earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave headlines about the asset manager an impact score of 45.2452871263988 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Eaton Vance Corp. : EV-US: Dividend Analysis : October 31st, 2017 (record date) : By the numbers : November 1, 2017 (finance.yahoo.com)
- Critical Review: Eaton Vance Corporation (EV) & The Competition (americanbankingnews.com)
- Bank of America Corp Raises Eaton Vance Corporation (EV) Price Target to $51.00 (americanbankingnews.com)
- Eaton Vance Corporation (EV) versus Its Peers Critical Contrast (americanbankingnews.com)
- Analyzing Eaton Vance Corporation (EV) & Its Rivals (americanbankingnews.com)
Several research analysts have commented on the company. Bank of America Corporation boosted their target price on Eaton Vance Corporation from $49.00 to $51.00 and gave the company a “neutral” rating in a report on Tuesday. Jefferies Group LLC reissued a “hold” rating and issued a $46.00 target price on shares of Eaton Vance Corporation in a report on Thursday, October 26th. Credit Suisse Group boosted their target price on Eaton Vance Corporation from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, August 11th. Deutsche Bank AG initiated coverage on Eaton Vance Corporation in a research note on Tuesday, October 17th. They issued a “buy” rating and a $57.00 price target on the stock. Finally, Zacks Investment Research upgraded Eaton Vance Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Eaton Vance Corporation currently has a consensus rating of “Hold” and an average price target of $50.93.
Eaton Vance Corporation (NYSE:EV) last issued its earnings results on Wednesday, August 23rd. The asset manager reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). Eaton Vance Corporation had a net margin of 18.03% and a return on equity of 34.47%. The company had revenue of $393.70 million during the quarter, compared to analyst estimates of $398.74 million. During the same quarter in the prior year, the business earned $0.56 EPS. The business’s quarterly revenue was up 15.4% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Monday, October 30th. This is a positive change from Eaton Vance Corporation’s previous quarterly dividend of $0.28. Eaton Vance Corporation’s payout ratio is 53.91%.
In other news, insider Frederick S. Marius sold 7,574 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $47.99, for a total transaction of $363,476.26. Following the completion of the sale, the insider now directly owns 26,128 shares of the company’s stock, valued at $1,253,882.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Frederick S. Marius sold 8,915 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $47.55, for a total transaction of $423,908.25. Following the sale, the insider now directly owns 30,955 shares of the company’s stock, valued at $1,471,910.25. The disclosure for this sale can be found here. Insiders have sold 596,037 shares of company stock valued at $29,808,641 in the last three months.
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Eaton Vance Corporation Company 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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