Eaton Vance Corp. (NYSE:EV) shares gapped up before the market opened on Monday . The stock had previously closed at $38.19, but opened at $38.33. Eaton Vance Corp. shares last traded at $38.92, with a volume of 180,059 shares trading hands.

EV has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Eaton Vance Corp. from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Friday, September 16th. Jefferies Group boosted their price objective on shares of Eaton Vance Corp. from $34.00 to $38.00 and gave the company a “hold” rating in a research report on Tuesday, August 16th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Eaton Vance Corp. in a research report on Sunday, May 29th. Finally, Credit Suisse Group AG restated a “hold” rating and set a $37.00 price objective on shares of Eaton Vance Corp. in a research report on Thursday, September 1st. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $37.54.

The firm has a 50 day moving average of $39.02 and a 200 day moving average of $35.94. The firm has a market cap of $4.27 billion, a P/E ratio of 18.81 and a beta of 1.70.

Eaton Vance Corp. (NYSE:EV) last released its quarterly earnings data on Wednesday, August 17th. The company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.01. The company earned $341.20 million during the quarter. Eaton Vance Corp. had a net margin of 17.83% and a return on equity of 39.06%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the business posted $0.57 earnings per share. Equities analysts forecast that Eaton Vance Corp. will post $2.14 EPS for the current year.

In related news, insider Jeffrey P. Beale sold 53,153 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $39.58, for a total value of $2,103,795.74. Following the completion of the transaction, the insider now directly owns 327,591 shares of the company’s stock, valued at approximately $12,966,051.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Winthrop H. Smith, Jr. sold 8,197 shares of the firm’s stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $37.20, for a total transaction of $304,928.40. Following the completion of the transaction, the director now directly owns 17,197 shares of the company’s stock, valued at $639,728.40. The disclosure for this sale can be found here.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Eaton Vance Corp. during the fourth quarter valued at approximately $31,742,000. American Century Companies Inc. increased its position in shares of Eaton Vance Corp. by 683.9% in the second quarter. American Century Companies Inc. now owns 1,020,561 shares of the company’s stock valued at $36,067,000 after buying an additional 890,365 shares during the last quarter. State Street Corp increased its position in shares of Eaton Vance Corp. by 9.9% in the first quarter. State Street Corp now owns 9,593,020 shares of the company’s stock valued at $321,555,000 after buying an additional 866,198 shares during the last quarter. Smith Asset Management Group LP purchased a new position in shares of Eaton Vance Corp. during the second quarter valued at approximately $12,635,000. Finally, JPMorgan Chase & Co. increased its position in shares of Eaton Vance Corp. by 24.7% in the first quarter. JPMorgan Chase & Co. now owns 1,393,494 shares of the company’s stock valued at $46,710,000 after buying an additional 275,913 shares during the last quarter. 70.88% of the stock is owned by institutional investors.

About Eaton Vance Corp.

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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