BlackRock Advisors LLC Has $9,374,000 Position in Eaton Vance Corp. (EV)
BlackRock Advisors LLC increased its position in shares of Eaton Vance Corp. (NYSE:EV) by 15.5% during the second quarter, Holdings Channel reports. The firm owned 265,243 shares of the company’s stock after buying an additional 35,567 shares during the period. BlackRock Advisors LLC owned about 0.24% of Eaton Vance Corp. worth $9,374,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Eaton Vance Corp. during the fourth quarter valued at approximately $31,742,000. Aperio Group LLC raised its position in shares of Eaton Vance Corp. by 21.9% in the first quarter. Aperio Group LLC now owns 43,103 shares of the company’s stock valued at $1,445,000 after buying an additional 7,734 shares in the last quarter. IFP Advisors Inc raised its position in shares of Eaton Vance Corp. by 29.1% in the first quarter. IFP Advisors Inc now owns 3,532 shares of the company’s stock valued at $118,000 after buying an additional 797 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Eaton Vance Corp. by 0.3% in the first quarter. TIAA CREF Investment Management LLC now owns 429,176 shares of the company’s stock valued at $14,386,000 after buying an additional 1,280 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Eaton Vance Corp. by 6.7% in the first quarter. Prudential Financial Inc. now owns 122,912 shares of the company’s stock valued at $4,120,000 after buying an additional 7,690 shares in the last quarter. 70.88% of the stock is owned by hedge funds and other institutional investors.
Shares of Eaton Vance Corp. (NYSE:EV) opened at 38.37 on Monday. Eaton Vance Corp. has a 1-year low of $26.44 and a 1-year high of $40.36. The company has a market capitalization of $4.18 billion, a P/E ratio of 18.43 and a beta of 1.76. The firm’s 50 day moving average price is $39.19 and its 200-day moving average price is $36.56.
Eaton Vance Corp. (NYSE:EV) last issued its earnings results on Wednesday, August 17th. The company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.01. Eaton Vance Corp. had a return on equity of 39.06% and a net margin of 17.83%. The business earned $341.20 million during the quarter. During the same quarter in the prior year, the company posted $0.57 earnings per share. Eaton Vance Corp.’s quarterly revenue was down 4.0% compared to the same quarter last year. Analysts expect that Eaton Vance Corp. will post $2.13 EPS for the current year.
Several equities analysts have commented on the company. Credit Suisse Group AG reissued a “hold” rating and set a $37.00 price objective on shares of Eaton Vance Corp. in a research report on Thursday, September 1st. Keefe, Bruyette & Woods raised their price target on Eaton Vance Corp. from $38.00 to $40.00 and gave the company a “market perform” rating in a report on Friday, August 19th. Zacks Investment Research downgraded Eaton Vance Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, October 5th. Finally, Jefferies Group raised their price target on Eaton Vance Corp. from $34.00 to $38.00 and gave the company a “hold” rating in a report on Tuesday, August 16th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Eaton Vance Corp. currently has a consensus rating of “Hold” and an average price target of $37.54.
In related news, Director Dorothy E. Puhy sold 6,197 shares of the company’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $38.75, for a total transaction of $240,133.75. Following the completion of the sale, the director now directly owns 15,787 shares in the company, valued at approximately $611,746.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Beale sold 53,153 shares of the company’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $39.58, for a total value of $2,103,795.74. Following the sale, the insider now owns 327,591 shares of the company’s stock, valued at $12,966,051.78. The disclosure for this sale can be found here.
Eaton Vance Corp. Company Profile
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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