Shares of Eaton Vance Corp. (NYSE:EV) gapped up before the market opened on Monday . The stock had previously closed at $35.07, but opened at $35.32. Eaton Vance Corp. shares last traded at $35.98, with a volume of 338,810 shares traded.

EV has been the subject of a number of research reports. Vetr raised Eaton Vance Corp. from a “hold” rating to a “buy” rating and set a $34.89 price target for the company in a research report on Wednesday, March 23rd. TheStreet raised Eaton Vance Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, April 7th. Sandler O’Neill lifted their price target on Eaton Vance Corp. from $29.00 to $34.00 in a research report on Tuesday, April 12th. Zacks Investment Research raised Eaton Vance Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, April 26th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $34.00 price target (up previously from $30.00) on shares of Eaton Vance Corp. in a research report on Thursday, May 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Eaton Vance Corp. currently has a consensus rating of “Hold” and an average price target of $35.71.

The firm has a market capitalization of $3.94 billion and a PE ratio of 17.16. The firm’s 50-day moving average is $35.59 and its 200 day moving average is $32.62.

Eaton Vance Corp. (NYSE:EV) last posted its earnings results on Wednesday, May 25th. The company reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. During the same period last year, the company earned $0.58 EPS. The business earned $323.30 million during the quarter, compared to analysts’ expectations of $322.37 million. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. Equities research analysts forecast that Eaton Vance Corp. will post $2.09 earnings per share for the current year.

In other Eaton Vance Corp. news, Director Winthrop H. Smith, Jr. sold 8,197 shares of the firm’s stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $37.20, for a total transaction of $304,928.40. Following the transaction, the director now owns 17,197 shares of the company’s stock, valued at $639,728.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Several institutional investors have recently modified their holdings of EV. Retirement Systems of Alabama raised its position in shares of Eaton Vance Corp. by 1.3% in the fourth quarter. Retirement Systems of Alabama now owns 150,992 shares of the company’s stock valued at $4,897,000 after buying an additional 1,969 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of Eaton Vance Corp. by 0.3% in the fourth quarter. Nationwide Fund Advisors now owns 194,509 shares of the company’s stock valued at $6,308,000 after buying an additional 667 shares during the period. California State Teachers Retirement System increased its stake in shares of Eaton Vance Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 218,367 shares of the company’s stock valued at $7,082,000 after buying an additional 3,473 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Eaton Vance Corp. by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 44,142 shares of the company’s stock valued at $1,432,000 after buying an additional 200 shares during the period. Finally, Korea Investment CORP increased its stake in shares of Eaton Vance Corp. by 48.2% in the fourth quarter. Korea Investment CORP now owns 80,200 shares of the company’s stock valued at $2,600,000 after buying an additional 26,100 shares during the period.

Eaton Vance Corp. is engaged in business of managing investment funds and providing investment management and advisory services to individuals and institutions. The Company seeks to develop and sustain management expertise across a range of investment disciplines, and offer investment products and services through various distribution channels.

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