Quantitative Investment Management LLC lifted its holdings in Eaton Vance Corp (NYSE:EV) by 123.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 110,500 shares of the asset manager’s stock after buying an additional 61,000 shares during the quarter. Quantitative Investment Management LLC’s holdings in Eaton Vance were worth $6,231,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Leavell Investment Management Inc. lifted its position in shares of Eaton Vance by 8.3% in the fourth quarter. Leavell Investment Management Inc. now owns 13,000 shares of the asset manager’s stock worth $733,000 after buying an additional 1,000 shares in the last quarter. GWM Advisors LLC lifted its position in shares of Eaton Vance by 13.1% in the fourth quarter. GWM Advisors LLC now owns 9,610 shares of the asset manager’s stock worth $561,000 after buying an additional 1,113 shares in the last quarter. Profund Advisors LLC lifted its position in shares of Eaton Vance by 8.9% in the fourth quarter. Profund Advisors LLC now owns 14,384 shares of the asset manager’s stock worth $811,000 after buying an additional 1,174 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Eaton Vance by 4.9% in the fourth quarter. Thrivent Financial For Lutherans now owns 25,708 shares of the asset manager’s stock worth $1,450,000 after buying an additional 1,198 shares in the last quarter. Finally, Financial Counselors Inc. lifted its position in shares of Eaton Vance by 1.3% in the third quarter. Financial Counselors Inc. now owns 101,100 shares of the asset manager’s stock worth $4,991,000 after buying an additional 1,256 shares in the last quarter. 70.63% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on EV shares. Zacks Investment Research upgraded Eaton Vance from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Tuesday, January 23rd. ValuEngine upgraded Eaton Vance from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Deutsche Bank decreased their target price on Eaton Vance from $62.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, March 6th. Finally, JPMorgan Chase & Co. set a $58.00 target price on Eaton Vance and gave the stock a “hold” rating in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $55.19.
Shares of Eaton Vance Corp (NYSE EV) opened at $57.84 on Tuesday. Eaton Vance Corp has a 52-week low of $42.20 and a 52-week high of $60.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 5.44 and a current ratio of 9.43. The stock has a market capitalization of $6,860.00, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 0.67 and a beta of 1.79.
Eaton Vance (NYSE:EV) last issued its quarterly earnings data on Tuesday, February 27th. The asset manager reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Eaton Vance had a return on equity of 34.09% and a net margin of 18.77%. The business had revenue of $421.40 million for the quarter, compared to the consensus estimate of $420.62 million. During the same period in the prior year, the business posted $0.53 earnings per share. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. equities research analysts predict that Eaton Vance Corp will post 3.35 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.24 dividend on an annualized basis and a yield of 2.14%. Eaton Vance’s dividend payout ratio (DPR) is presently 45.59%.
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About Eaton Vance
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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