Amalgamated Bank increased its position in Eaton Vance Corp (NYSE:EV) by 8.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,532 shares of the asset manager’s stock after purchasing an additional 1,914 shares during the quarter. Amalgamated Bank’s holdings in Eaton Vance were worth $1,421,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in EV. Captrust Financial Advisors bought a new position in Eaton Vance during the fourth quarter worth about $114,000. Synovus Financial Corp bought a new position in Eaton Vance during the first quarter worth about $182,000. TLP Group LLC boosted its holdings in Eaton Vance by 6,198.3% during the first quarter. TLP Group LLC now owns 3,653 shares of the asset manager’s stock worth $203,000 after buying an additional 3,595 shares during the last quarter. Teza Capital Management LLC bought a new position in Eaton Vance during the first quarter worth about $210,000. Finally, Stone Ridge Asset Management LLC bought a new position in Eaton Vance during the fourth quarter worth about $213,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.
Eaton Vance opened at $51.86 on Thursday, Marketbeat reports. Eaton Vance Corp has a fifty-two week low of $45.06 and a fifty-two week high of $60.95. The company has a current ratio of 8.05, a quick ratio of 8.05 and a debt-to-equity ratio of 0.67. The stock has a market cap of $6.29 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 0.85 and a beta of 1.69.
Eaton Vance (NYSE:EV) last released its quarterly earnings data on Tuesday, May 22nd. The asset manager reported $0.77 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.77. Eaton Vance had a return on equity of 33.96% and a net margin of 19.82%. The business had revenue of $414.30 million for the quarter, compared to analysts’ expectations of $421.71 million. During the same quarter in the previous year, the business posted $0.62 EPS. Eaton Vance’s revenue for the quarter was up 10.6% on a year-over-year basis. equities analysts expect that Eaton Vance Corp will post 3.2 EPS for the current fiscal year.
EV has been the topic of a number of recent analyst reports. Deutsche Bank reduced their target price on Eaton Vance from $62.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, March 6th. Zacks Investment Research cut Eaton Vance from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. ValuEngine cut Eaton Vance from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $59.00 target price on shares of Eaton Vance in a report on Wednesday, April 11th. Finally, Bank of America upgraded Eaton Vance from a “neutral” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Wednesday, May 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Eaton Vance currently has an average rating of “Hold” and a consensus target price of $58.63.
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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