Eaton Vance (NYSE:EV) received a $58.00 target price from analysts at JPMorgan Chase & Co. in a research report issued on Wednesday. The firm presently has a “hold” rating on the asset manager’s stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 3.76% from the stock’s current price.
A number of other research analysts have also issued reports on EV. Zacks Investment Research upgraded shares of Eaton Vance from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Jefferies Group restated a “hold” rating and set a $46.00 price target on shares of Eaton Vance in a research note on Thursday, October 26th. Bank of America upped their price target on shares of Eaton Vance from $49.00 to $51.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Keefe, Bruyette & Woods restated a “hold” rating and set a $53.00 price target on shares of Eaton Vance in a research note on Friday, November 10th. Finally, ValuEngine upgraded shares of Eaton Vance from a “hold” rating to a “buy” rating in a research note on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $54.69.
Eaton Vance (NYSE EV) traded up $0.06 during midday trading on Wednesday, hitting $55.90. 25,320 shares of the company traded hands, compared to its average volume of 764,541. The company has a debt-to-equity ratio of 0.62, a quick ratio of 5.44 and a current ratio of 5.44. The company has a market cap of $6,620.00, a price-to-earnings ratio of 23.10, a PEG ratio of 0.61 and a beta of 1.79. Eaton Vance has a 1 year low of $42.20 and a 1 year high of $60.95.
Eaton Vance (NYSE:EV) last posted its quarterly earnings data on Tuesday, November 21st. The asset manager reported $0.70 EPS for the quarter, missing the 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 firm had revenue of $405.70 million for the quarter, compared to the consensus estimate of $407.75 million. During the same quarter last year, the firm earned $0.57 EPS. The company’s revenue was up 17.0% compared to the same quarter last year. analysts anticipate that Eaton Vance will post 3.33 EPS for the current year.
In other news, Director Dorothy E. Puhy sold 9,490 shares of the 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Matthew J. Witkos sold 25,000 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $60.35, for a total transaction of $1,508,750.00. The disclosure for this sale can be found here.
Several large investors have recently added to or reduced their stakes in the company. Leavell Investment Management Inc. increased its stake 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 acquiring an additional 1,000 shares during the period. GWM Advisors LLC boosted its holdings in Eaton Vance by 13.1% during 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 boosted its holdings in Eaton Vance by 8.9% during 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 boosted its holdings in Eaton Vance by 4.9% during 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. boosted its holdings in Eaton Vance by 1.3% during 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. Hedge funds and other institutional investors own 70.68% of the company’s stock.
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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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