Eaton Vance Corporation (EV) Insider Frederick S. Marius Sells 7,574 Shares
Eaton Vance Corporation (NYSE:EV) insider Frederick S. Marius sold 7,574 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $47.99, for a total transaction of $363,476.26. Following the sale, the insider now directly owns 26,128 shares in the company, valued at $1,253,882.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Eaton Vance Corporation (NYSE:EV) traded up 0.29% on Friday, reaching $48.16. 432,586 shares of the company traded hands. The stock has a market capitalization of $5.40 billion, a P/E ratio of 20.94 and a beta of 1.85. The stock’s 50 day moving average price is $47.26 and its 200-day moving average price is $46.38. Eaton Vance Corporation has a one year low of $34.44 and a one year high of $50.10.
Eaton Vance Corporation (NYSE:EV) last announced its earnings results on Wednesday, August 23rd. The asset manager reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.05). Eaton Vance Corporation had a net margin of 18.03% and a return on equity of 34.47%. The business had revenue of $393.70 million for the quarter, compared to the consensus estimate of $398.74 million. During the same quarter last year, the firm posted $0.56 EPS. The business’s quarterly revenue was up 15.4% on a year-over-year basis. Equities analysts forecast that Eaton Vance Corporation will post $2.46 earnings per share for the current fiscal year.
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A number of equities research analysts have weighed in on EV shares. Bank of America Corporation boosted their target price on shares of Eaton Vance Corporation from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, May 25th. Citigroup Inc. boosted their target price on shares of Eaton Vance Corporation from $46.50 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, May 25th. J P Morgan Chase & Co reissued an “underweight” rating and set a $47.00 target price (up from $40.00) on shares of Eaton Vance Corporation in a report on Tuesday, June 6th. Zacks Investment Research raised shares of Eaton Vance Corporation from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Thursday, June 8th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $45.00 target price on shares of Eaton Vance Corporation in a report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.21.
Hedge funds have recently made changes to their positions in the company. WFG Advisors LP boosted its stake in Eaton Vance Corporation by 0.6% in the 2nd quarter. WFG Advisors LP now owns 2,337 shares of the asset manager’s stock worth $111,000 after purchasing an additional 14 shares in the last quarter. Advisor Group Inc. boosted its stake in Eaton Vance Corporation by 1.0% in the 2nd quarter. Advisor Group Inc. now owns 4,782 shares of the asset manager’s stock worth $225,000 after purchasing an additional 47 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in Eaton Vance Corporation by 1.0% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 5,081 shares of the asset manager’s stock worth $240,000 after purchasing an additional 49 shares in the last quarter. Bank of The West boosted its stake in Eaton Vance Corporation by 0.6% in the 2nd quarter. Bank of The West now owns 7,804 shares of the asset manager’s stock worth $369,000 after purchasing an additional 50 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Eaton Vance Corporation by 0.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 25,708 shares of the asset manager’s stock worth $1,157,000 after purchasing an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 68.91% of the company’s stock.
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.
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