Prospera Financial Services Inc lessened its position in Eaton Vance Corp (NYSE:EV) by 26.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,942 shares of the asset manager’s stock after selling 1,400 shares during the period. Prospera Financial Services Inc’s holdings in Eaton Vance were worth $206,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Eaton Vance by 2.3% in the 2nd quarter. BlackRock Inc. now owns 11,879,833 shares of the asset manager’s stock valued at $620,009,000 after acquiring an additional 270,518 shares during the period. Wells Fargo & Company MN grew its position in shares of Eaton Vance by 3.9% in the 2nd quarter. Wells Fargo & Company MN now owns 5,254,672 shares of the asset manager’s stock valued at $274,240,000 after acquiring an additional 195,599 shares during the period. Janus Henderson Group PLC grew its position in shares of Eaton Vance by 11.7% in the 2nd quarter. Janus Henderson Group PLC now owns 2,145,962 shares of the asset manager’s stock valued at $111,998,000 after acquiring an additional 224,463 shares during the period. Northern Trust Corp grew its position in shares of Eaton Vance by 0.7% in the 2nd quarter. Northern Trust Corp now owns 1,206,053 shares of the asset manager’s stock valued at $62,945,000 after acquiring an additional 8,815 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Eaton Vance by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 987,483 shares of the asset manager’s stock valued at $51,536,000 after acquiring an additional 19,976 shares during the period. 68.38% of the stock is owned by institutional investors.
Shares of EV stock opened at $42.82 on Tuesday. The stock has a market cap of $5.04 billion, a P/E ratio of 17.27, a P/E/G ratio of 0.72 and a beta of 1.63. The company has a quick ratio of 8.35, a current ratio of 8.35 and a debt-to-equity ratio of 1.14. Eaton Vance Corp has a 52 week low of $42.16 and a 52 week high of $60.95.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be issued a dividend of $0.35 per share. This is an increase from Eaton Vance’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $1.40 annualized dividend and a dividend yield of 3.27%. Eaton Vance’s payout ratio is presently 50.00%.
A number of research analysts have recently commented on EV shares. Deutsche Bank decreased their price objective on shares of Eaton Vance from $64.00 to $63.00 and set a “buy” rating for the company in a research report on Thursday, September 27th. Zacks Investment Research downgraded shares of Eaton Vance from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. ValuEngine downgraded shares of Eaton Vance from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. Finally, Citigroup reduced their target price on shares of Eaton Vance from $62.00 to $60.50 and set a “buy” rating for the company in a report on Thursday, August 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $60.07.
In other Eaton Vance news, Director Brian D. Langstraat sold 13,000 shares of the business’s stock in a transaction dated Thursday, October 11th. The shares were sold at an average price of $47.50, for a total value of $617,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas E. Faust, Jr. sold 33,407 shares of the business’s stock in a transaction dated Monday, October 22nd. The shares were sold at an average price of $45.50, for a total transaction of $1,520,018.50. The disclosure for this sale can be found here. Insiders have sold a total of 95,850 shares of company stock valued at $4,269,767 in the last ninety days.
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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