GHP Investment Advisors Inc. lowered its position in Eaton Vance Corp (NYSE:EV) by 30.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 7,444 shares of the asset manager’s stock after selling 3,228 shares during the period. GHP Investment Advisors Inc.’s holdings in Eaton Vance were worth $420,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Eaton Vance by 5.0% in the 4th quarter. BlackRock Inc. now owns 11,297,677 shares of the asset manager’s stock valued at $637,078,000 after purchasing an additional 533,248 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Eaton Vance by 33.7% in 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 in the last quarter. Earnest Partners LLC raised its holdings in shares of Eaton Vance by 0.5% during the 3rd quarter. Earnest Partners LLC now owns 1,795,310 shares of the asset manager’s stock worth $88,634,000 after acquiring an additional 8,804 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Eaton Vance by 2.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,768,996 shares of the asset manager’s stock worth $87,689,000 after acquiring an additional 46,140 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Eaton Vance by 199.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,576,133 shares of the asset manager’s stock worth $88,879,000 after acquiring an additional 1,049,947 shares during the period. Institutional investors own 70.59% of the company’s stock.
Several research firms have recently commented on EV. Deutsche Bank lifted their price target on Eaton Vance from $61.00 to $64.00 and gave the stock a “buy” rating in a report on Friday. ValuEngine lowered Eaton Vance from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Zacks Investment Research lowered Eaton Vance from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, JPMorgan Chase set a $58.00 price target on Eaton Vance and gave the stock a “hold” rating in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $55.56.
Shares of NYSE:EV opened at $54.35 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 9.40 and a quick ratio of 9.40. The stock has a market cap of $6,698.75, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 0.65 and a beta of 1.69. Eaton Vance Corp has a 12-month low of $42.20 and a 12-month high of $60.95.
Eaton Vance (NYSE:EV) last issued its quarterly earnings data on Tuesday, February 27th. The asset manager reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The firm had revenue of $421.40 million during the quarter, compared to the consensus estimate of $420.62 million. Eaton Vance had a return on equity of 34.09% and a net margin of 18.77%. The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the company earned $0.53 EPS. sell-side analysts forecast that Eaton Vance Corp will post 3.35 EPS for the current year.
In other Eaton Vance news, CEO Matthew J. Witkos sold 25,000 shares of Eaton Vance stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $60.35, for a total value of $1,508,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dorothy E. Puhy sold 9,490 shares of Eaton Vance stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $60.49, for a total value of $574,050.10. The disclosure for this sale can be found here.
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Eaton Vance 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.
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