APG Asset Management N.V. boosted its stake in shares of Eaton Vance Corporation (NYSE:EV) by 195.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 92,761 shares of the asset manager’s stock after buying an additional 61,400 shares during the period. APG Asset Management N.V. owned about 0.08% of Eaton Vance Corporation worth $4,389,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. TrimTabs Asset Management LLC increased its position in shares of Eaton Vance Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,705 shares of the asset manager’s stock valued at $122,000 after buying an additional 1,272 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in shares of Eaton Vance Corporation by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,028 shares of the asset manager’s stock valued at $127,000 after buying an additional 148 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Eaton Vance Corporation by 20.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,901 shares of the asset manager’s stock valued at $130,000 after buying an additional 501 shares during the period. CENTRAL TRUST Co increased its position in shares of Eaton Vance Corporation by 6,356.9% in the first quarter. CENTRAL TRUST Co now owns 3,293 shares of the asset manager’s stock valued at $148,000 after buying an additional 3,242 shares during the period. Finally, Nordea Investment Management AB increased its position in shares of Eaton Vance Corporation by 131.9% in the first quarter. Nordea Investment Management AB now owns 3,341 shares of the asset manager’s stock valued at $150,000 after buying an additional 1,900 shares during the period. 71.00% of the stock is owned by institutional investors.

Shares of Eaton Vance Corporation (EV) traded down 0.35% during midday trading on Friday, hitting $48.33. 120,172 shares of the company were exchanged. Eaton Vance Corporation has a one year low of $34.44 and a one year high of $50.10. The company’s 50 day moving average price is $48.18 and its 200 day moving average price is $45.57. The firm has a market cap of $5.35 billion, a P/E ratio of 21.19 and a beta of 1.84.

Eaton Vance Corporation (NYSE:EV) last announced its earnings results on Wednesday, May 24th. The asset manager reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. The company had revenue of $374.60 million for the quarter, compared to analysts’ expectations of $373.28 million. Eaton Vance Corporation had a return on equity of 36.63% and a net margin of 18.39%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share. Equities analysts expect that Eaton Vance Corporation will post $2.55 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Thursday, July 27th. Eaton Vance Corporation’s payout ratio is presently 49.34%.

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EV has been the subject of several analyst reports. Zacks Investment Research raised shares of Eaton Vance Corporation from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Thursday, June 8th. Citigroup Inc. raised shares of Eaton Vance Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the company from $52.00 to $54.50 in a report on Monday, June 5th. Jefferies Group LLC restated a “hold” rating and set a $45.00 price objective on shares of Eaton Vance Corporation in a research note on Wednesday, June 28th. Keefe, Bruyette & Woods restated a “hold” rating and set a $50.00 price objective on shares of Eaton Vance Corporation in a research note on Tuesday, May 23rd. Finally, Bank of America Corporation lifted their price objective on shares of Eaton Vance Corporation from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $48.07.

In related news, Director Dorothy E. Puhy sold 2,563 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $48.46, for a total value of $124,202.98. Following the transaction, the director now owns 14,473 shares in the company, valued at $701,361.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Winthrop H. Smith, Jr. sold 21,885 shares of the firm’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $48.03, for a total value of $1,051,136.55. Following the completion of the transaction, the director now owns 15,420 shares in the company, valued at approximately $740,622.60. The disclosure for this sale can be found here. Insiders have sold 127,943 shares of company stock worth $6,149,649 in the last 90 days.

About Eaton Vance Corporation

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.

Institutional Ownership by Quarter for Eaton Vance Corporation (NYSE:EV)

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