Pictet Asset Management Ltd. maintained its position in shares of Eaton Vance Corporation (NYSE:EV) during the second quarter, according to its most recent filing with the SEC. The firm owned 43,900 shares of the asset manager’s stock at the end of the second quarter. Pictet Asset Management Ltd.’s holdings in Eaton Vance Corporation were worth $2,044,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of EV. BlackRock Inc. raised its stake in shares of Eaton Vance Corporation by 3,407.1% in the first quarter. BlackRock Inc. now owns 10,878,915 shares of the asset manager’s stock valued at $489,118,000 after buying an additional 10,568,715 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Eaton Vance Corporation by 6.1% in the first quarter. Vanguard Group Inc. now owns 10,398,957 shares of the asset manager’s stock valued at $467,537,000 after buying an additional 600,222 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Eaton Vance Corporation by 1.8% in the first quarter. Wells Fargo & Company MN now owns 5,376,044 shares of the asset manager’s stock valued at $241,707,000 after buying an additional 95,042 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Eaton Vance Corporation by 36.2% in the first quarter. Bank of New York Mellon Corp now owns 2,463,381 shares of the asset manager’s stock valued at $110,753,000 after buying an additional 654,761 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Eaton Vance Corporation by 0.8% in the first quarter. JPMorgan Chase & Co. now owns 1,718,318 shares of the asset manager’s stock valued at $77,255,000 after buying an additional 14,028 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

Shares of Eaton Vance Corporation (NYSE:EV) opened at 46.58 on Tuesday. The firm has a 50-day moving average price of $48.16 and a 200 day moving average price of $46.07. Eaton Vance Corporation has a 12 month low of $34.44 and a 12 month high of $50.10. The company has a market cap of $5.16 billion, a P/E ratio of 20.42 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 Zacks’ consensus estimate of $0.60 by $0.02. The firm had revenue of $374.60 million during 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 company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 EPS. Equities analysts predict that Eaton Vance Corporation will post $2.55 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Thursday, July 27th. Eaton Vance Corporation’s dividend payout ratio (DPR) is 49.34%.

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EV has been the subject of several research reports. Zacks Investment Research raised Eaton Vance Corporation from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Thursday, June 8th. Citigroup Inc. raised Eaton Vance Corporation from a “neutral” rating to a “buy” rating and upped their target price for the stock from $52.00 to $54.50 in a research note on Monday, June 5th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $45.00 target price on shares of Eaton Vance Corporation in a research note on Wednesday, June 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $50.00 target price on shares of Eaton Vance Corporation in a research note on Tuesday, May 23rd. Finally, Bank of America Corporation upped their target price on Eaton Vance Corporation from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Eaton Vance Corporation has a consensus rating of “Hold” and an average target price of $50.07.

In other news, insider Jeffrey P. Beale sold 39,343 shares of Eaton Vance Corporation stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $48.30, for a total value of $1,900,266.90. Following the completion of the transaction, the insider now owns 343,509 shares in the company, valued at approximately $16,591,484.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Matthew J. Witkos sold 24,152 shares of Eaton Vance Corporation stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $47.65, for a total value of $1,150,842.80. Following the completion of the transaction, the chief executive officer now owns 231,477 shares of the company’s stock, valued at approximately $11,029,879.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,943 shares of company stock valued at $6,149,649.

Eaton Vance Corporation Company Profile

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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