Macquarie Group Ltd. lowered its stake in shares of Eaton Vance Corp (NYSE:EV) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,700 shares of the asset manager’s stock after selling 400 shares during the period. Macquarie Group Ltd.’s holdings in Eaton Vance were worth $165,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Legal & General Group Plc increased its position in shares of Eaton Vance by 11.1% in the fourth quarter. Legal & General Group Plc now owns 282,545 shares of the asset manager’s stock worth $9,940,000 after acquiring an additional 28,259 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Eaton Vance by 4.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 29,981 shares of the asset manager’s stock worth $1,055,000 after acquiring an additional 1,225 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Eaton Vance in the fourth quarter worth $987,000. Voloridge Investment Management LLC increased its position in shares of Eaton Vance by 610.4% in the fourth quarter. Voloridge Investment Management LLC now owns 53,193 shares of the asset manager’s stock worth $1,871,000 after acquiring an additional 45,705 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its position in shares of Eaton Vance by 6.7% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 48,644 shares of the asset manager’s stock worth $1,712,000 after acquiring an additional 3,062 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors.
Several research firms have recently issued reports on EV. Credit Suisse Group dropped their price objective on shares of Eaton Vance from $51.00 to $43.00 and set a “neutral” rating for the company in a research report on Monday, January 14th. ValuEngine lowered shares of Eaton Vance from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Zacks Investment Research raised shares of Eaton Vance from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Wednesday, February 6th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $39.00 price objective on shares of Eaton Vance in a research report on Wednesday, January 9th. Finally, Deutsche Bank lowered shares of Eaton Vance from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $57.00 to $39.00 in a research report on Thursday, January 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Eaton Vance presently has a consensus rating of “Hold” and a consensus target price of $43.00.
EV opened at $41.82 on Wednesday. The firm has a market cap of $4.81 billion, a P/E ratio of 12.97, a PEG ratio of 1.71 and a beta of 1.61. Eaton Vance Corp has a twelve month low of $32.28 and a twelve month high of $58.54. The company has a quick ratio of 13.48, a current ratio of 13.48 and a debt-to-equity ratio of 1.43.
Eaton Vance (NYSE:EV) last released its quarterly earnings results on Tuesday, February 26th. The asset manager reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.01). The firm had revenue of $406.42 million for the quarter, compared to analyst estimates of $421.97 million. Eaton Vance had a net margin of 23.16% and a return on equity of 35.03%. Eaton Vance’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 earnings per share. Equities analysts forecast that Eaton Vance Corp will post 3.15 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Monday, April 29th. Eaton Vance’s payout ratio is 43.61%.
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Eaton Vance Company 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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