AlphaCrest Capital Management LLC purchased a new position in shares of Eaton Vance Corp (NYSE:EV) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 23,400 shares of the asset manager’s stock, valued at approximately $823,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. BTIM Corp. lifted its holdings in Eaton Vance by 6.8% in the 4th quarter. BTIM Corp. now owns 650,114 shares of the asset manager’s stock worth $22,871,000 after buying an additional 41,581 shares during the period. Gateway Investment Advisers LLC lifted its stake in shares of Eaton Vance by 6.5% in the 4th quarter. Gateway Investment Advisers LLC now owns 276,979 shares of the asset manager’s stock valued at $9,744,000 after purchasing an additional 16,891 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Eaton Vance by 11.0% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 15,012 shares of the asset manager’s stock valued at $789,000 after purchasing an additional 1,484 shares during the period. Prudential Financial Inc. lifted its stake in shares of Eaton Vance by 1.4% in the 3rd quarter. Prudential Financial Inc. now owns 133,556 shares of the asset manager’s stock valued at $7,020,000 after purchasing an additional 1,890 shares during the period. Finally, Verition Fund Management LLC lifted its stake in shares of Eaton Vance by 97.4% in the 3rd quarter. Verition Fund Management LLC now owns 28,653 shares of the asset manager’s stock valued at $1,506,000 after purchasing an additional 14,137 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.
In related news, Director Winthrop H. Smith, Jr. acquired 10,000 shares of Eaton Vance stock in a transaction that occurred on Tuesday, December 18th. The stock was bought at an average price of $34.89 per share, with a total value of $348,900.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
EV stock opened at $41.85 on Friday. Eaton Vance Corp has a twelve month low of $32.28 and a twelve month high of $58.64. The company has a debt-to-equity ratio of 1.35, a current ratio of 5.67 and a quick ratio of 5.67. The company has a market cap of $4.85 billion, a P/E ratio of 13.04, a P/E/G ratio of 0.93 and a beta of 1.56.
Eaton Vance (NYSE:EV) last posted its quarterly earnings data on Tuesday, February 26th. The asset manager reported $0.73 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.73. Eaton Vance had a return on equity of 35.94% and a net margin of 22.44%. The company had revenue of $406.42 million during the quarter, compared to analyst estimates of $421.97 million. During the same quarter last year, the company earned $0.78 EPS. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. Equities research analysts forecast that Eaton Vance Corp will post 3.15 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Thursday, January 31st were given 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 of this dividend was Wednesday, January 30th. Eaton Vance’s dividend payout ratio (DPR) is presently 43.61%.
A number of research analysts have recently commented on EV shares. Zacks Investment Research restated a “sell” rating on shares of Eaton Vance in a research note on Tuesday, November 13th. Jefferies Financial Group restated a “hold” rating and issued a $45.00 target price on shares of Eaton Vance in a research note on Monday, November 19th. Citigroup cut Eaton Vance from a “buy” rating to a “neutral” rating and lowered their target price for the company from $60.50 to $47.00 in a research note on Monday, November 19th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $48.00 target price on shares of Eaton Vance in a research note on Monday, November 19th. Finally, JPMorgan Chase & Co. cut Eaton Vance from a “neutral” rating to an “underweight” rating and set a $38.00 target price for the company. in a research note on Wednesday, November 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $43.00.
About Eaton Vance
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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