Earnest Partners LLC Buys 8,804 Shares of Eaton Vance Corp (EV)

Earnest Partners LLC raised its stake in Eaton Vance Corp (NYSE:EV) by 0.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,795,310 shares of the asset manager’s stock after buying an additional 8,804 shares during the quarter. Earnest Partners LLC owned approximately 1.55% of Eaton Vance worth $88,634,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC raised its stake in shares of Eaton Vance by 13,411.4% during the second quarter. Janus Henderson Group PLC now owns 1,557,593 shares of the asset manager’s stock valued at $73,705,000 after purchasing an additional 1,546,065 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Eaton Vance by 33.7% during the third quarter. Bank of New York Mellon Corp now owns 4,421,942 shares of the asset manager’s stock valued at $218,311,000 after purchasing an additional 1,113,748 shares in the last quarter. Junto Capital Management LP bought a new stake in shares of Eaton Vance during the second quarter valued at about $33,813,000. Old Mutual Global Investors UK Ltd. raised its stake in shares of Eaton Vance by 177.5% during the second quarter. Old Mutual Global Investors UK Ltd. now owns 347,511 shares of the asset manager’s stock valued at $16,444,000 after purchasing an additional 222,268 shares in the last quarter. Finally, Balyasny Asset Management LLC raised its stake in shares of Eaton Vance by 579.4% during the second quarter. Balyasny Asset Management LLC now owns 239,882 shares of the asset manager’s stock valued at $11,351,000 after purchasing an additional 204,575 shares in the last quarter. Institutional investors own 69.14% of the company’s stock.

EV has been the topic of a number of recent analyst reports. Deutsche Bank initiated coverage on shares of Eaton Vance in a research note on Tuesday, October 17th. They set a “buy” rating and a $57.00 price objective on the stock. Zacks Investment Research upgraded shares of Eaton Vance from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Thursday, November 2nd. ValuEngine upgraded shares of Eaton Vance from a “hold” rating to a “buy” rating in a research note on Wednesday, November 22nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $53.00 price objective on shares of Eaton Vance in a research note on Friday, November 10th. Finally, Jefferies Group restated a “hold” rating and set a $46.00 price objective on shares of Eaton Vance in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $52.06.

In related news, Director Ann E. Berman sold 6,865 shares of Eaton Vance stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $48.88, for a total value of $335,561.20. Following the transaction, the director now owns 6,865 shares of the company’s stock, valued at approximately $335,561.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frederick S. Marius sold 7,574 shares of Eaton Vance stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $47.99, for a total value of $363,476.26. Following the completion of the transaction, the insider now directly owns 26,128 shares in the company, valued at approximately $1,253,882.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 587,122 shares of company stock worth $29,384,733.

Shares of Eaton Vance Corp (NYSE:EV) traded up $0.38 during trading on Friday, reaching $56.84. 384,810 shares of the company’s stock traded hands, compared to its average volume of 595,254. The company has a current ratio of 1.85, a quick ratio of 5.74 and a debt-to-equity ratio of 0.01. Eaton Vance Corp has a 12-month low of $41.08 and a 12-month high of $56.87. The company has a market capitalization of $6,666.68, a PE ratio of 22.86, a PEG ratio of 0.94 and a beta of 1.89.

Eaton Vance (NYSE:EV) last issued its quarterly earnings results on Tuesday, November 21st. The asset manager reported $0.70 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.01). Eaton Vance had a return on equity of 33.45% and a net margin of 18.45%. The business had revenue of $405.70 million during the quarter, compared to the consensus estimate of $407.75 million. During the same quarter last year, the firm posted $0.57 earnings per share. Eaton Vance’s revenue was up 17.0% compared to the same quarter last year. equities research analysts anticipate that Eaton Vance Corp will post 2.98 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were given a $0.31 dividend. The ex-dividend date of this dividend was Monday, October 30th. This is a boost from Eaton Vance’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a yield of 2.18%. Eaton Vance’s payout ratio is 51.24%.

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Eaton Vance 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.

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

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