Eaton Vance Corp (EV) Director Dorothy E. Puhy Sells 9,490 Shares

Eaton Vance Corp (NYSE:EV) Director Dorothy E. Puhy sold 9,490 shares of Eaton Vance stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $60.49, for a total value of $574,050.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Eaton Vance Corp (NYSE:EV) traded down $0.73 during mid-day trading on Wednesday, reaching $59.72. The company had a trading volume of 929,600 shares, compared to its average volume of 641,990. Eaton Vance Corp has a 1 year low of $41.40 and a 1 year high of $60.87. The company has a current ratio of 5.44, a quick ratio of 5.44 and a debt-to-equity ratio of 0.62. The stock has a market cap of $7,150.00, a P/E ratio of 24.68, a price-to-earnings-growth ratio of 0.91 and a beta of 1.90.

Eaton Vance (NYSE:EV) last announced its earnings results on Tuesday, November 21st. The asset manager reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $407.75 million. During the same quarter last year, the firm earned $0.57 earnings per share. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. sell-side analysts predict that Eaton Vance Corp will post 3.28 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be paid a dividend of $0.31 per share. The ex-dividend date is Tuesday, January 30th. This represents a $1.24 annualized dividend and a yield of 2.08%. Eaton Vance’s dividend payout ratio (DPR) is 51.24%.

A number of brokerages have recently issued reports on EV. ValuEngine upgraded Eaton Vance from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded Eaton Vance from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Keefe, Bruyette & Woods restated a “hold” rating and set a $53.00 target price on shares of Eaton Vance in a research note on Friday, November 10th. Deutsche Bank started coverage on Eaton Vance in a research note on Tuesday, October 17th. They set a “buy” rating and a $57.00 target price on the stock. Finally, Bank of America boosted their target price on Eaton Vance from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Eaton Vance presently has a consensus rating of “Hold” and a consensus target price of $52.06.

Institutional investors have recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. grew its stake in Eaton Vance by 437.3% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 2,031 shares of the asset manager’s stock valued at $100,000 after purchasing an additional 1,653 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Eaton Vance by 33.7% during the 3rd 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 during the last quarter. Crestline Management LP purchased a new stake in Eaton Vance during the 3rd quarter valued at about $1,820,000. First Trust Advisors LP grew its stake in Eaton Vance by 11.0% during the 3rd quarter. First Trust Advisors LP now owns 128,516 shares of the asset manager’s stock valued at $6,345,000 after purchasing an additional 12,764 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in Eaton Vance by 11.3% during the 3rd quarter. Pacer Advisors Inc. now owns 20,223 shares of the asset manager’s stock valued at $998,000 after purchasing an additional 2,059 shares during the last quarter. Institutional investors and hedge funds own 68.73% of the company’s stock.

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Eaton Vance Company 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.

Insider Buying and Selling by Quarter for Eaton Vance (NYSE:EV)

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