Eaton Vance Corporation (NYSE:EV)‘s stock had its “hold” rating reissued by analysts at Jefferies Group LLC in a report issued on Friday. They presently have a $46.00 price target on the asset manager’s stock. Jefferies Group LLC’s target price would indicate a potential downside of 1.37% from the company’s current price. Jefferies Group also issued estimates for Eaton Vance Corporation’s Q4 2017 earnings at $0.72 EPS, FY2017 earnings at $2.52 EPS and FY2018 earnings at $2.93 EPS.

EV has been the subject of a number of other reports. BidaskClub downgraded Eaton Vance Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. J P Morgan Chase & Co restated an “underweight” rating and set a $47.00 price objective (up from $40.00) on shares of Eaton Vance Corporation in a research report on Tuesday, June 6th. Zacks Investment Research upgraded Eaton Vance Corporation from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Thursday, June 8th. Citigroup Inc. raised their price objective on Eaton Vance Corporation from $46.50 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, May 25th. Finally, Bank of America Corporation raised their price objective on Eaton Vance Corporation from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $50.07.

Eaton Vance Corporation (NYSE:EV) traded up 0.41% during trading on Friday, hitting $46.83. The stock had a trading volume of 53,110 shares. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 20.53 and a beta of 1.84. The company has a 50-day moving average of $48.20 and a 200 day moving average of $45.95. Eaton Vance Corporation has a 52 week low of $34.44 and a 52 week high of $50.10.

Eaton Vance Corporation (NYSE:EV) last posted its earnings results on Wednesday, May 24th. The asset manager reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. The firm had revenue of $374.60 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the company earned $0.48 earnings per share. On average, equities research analysts anticipate that Eaton Vance Corporation will post $2.55 EPS for the current year.

WARNING: This piece of content was reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/08/18/eaton-vance-corporations-ev-hold-rating-reiterated-at-jefferies-group-llc.html.

In other Eaton Vance Corporation news, CEO Matthew J. Witkos sold 40,000 shares of Eaton Vance Corporation stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $48.08, for a total value of $1,923,200.00. Following the completion of the sale, the chief executive officer now directly owns 243,688 shares in the company, valued at $11,716,519.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Winthrop H. Smith, Jr. sold 21,885 shares of Eaton Vance Corporation stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $48.03, for a total value of $1,051,136.55. Following the completion of the sale, the director now owns 15,420 shares of the company’s stock, valued at $740,622.60. The disclosure for this sale can be found here. Insiders have sold 127,943 shares of company stock valued at $6,149,649 over the last 90 days.

A number of large investors have recently modified their holdings of the company. Capital One National Association increased its stake in shares of Eaton Vance Corporation by 10.4% in the second quarter. Capital One National Association now owns 44,547 shares of the asset manager’s stock worth $2,108,000 after buying an additional 4,190 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Eaton Vance Corporation by 4.5% in the first quarter. HighTower Advisors LLC now owns 166,598 shares of the asset manager’s stock worth $7,426,000 after buying an additional 7,172 shares during the last quarter. UBS Group AG increased its stake in shares of Eaton Vance Corporation by 22.9% in the first quarter. UBS Group AG now owns 132,230 shares of the asset manager’s stock worth $5,945,000 after buying an additional 24,680 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Eaton Vance Corporation by 13.9% in the first quarter. Ameriprise Financial Inc. now owns 577,224 shares of the asset manager’s stock worth $25,953,000 after buying an additional 70,538 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of Eaton Vance Corporation by 3.4% in the second quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the asset manager’s stock worth $1,420,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

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.

Analyst Recommendations for Eaton Vance Corporation (NYSE:EV)

Receive News & Ratings for Eaton Vance Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton Vance Corporation and related companies with MarketBeat.com's FREE daily email newsletter.