Schwab Charles Investment Management Inc. lifted its position in shares of Eaton Vance Corp (NYSE:EV) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 708,071 shares of the asset manager’s stock after buying an additional 31,838 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.61% of Eaton Vance worth $34,958,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. WFG Advisors LP increased its holdings in shares of Eaton Vance by 0.6% during the 2nd quarter. WFG Advisors LP now owns 2,337 shares of the asset manager’s stock worth $111,000 after buying an additional 14 shares during the last quarter. Advisor Group Inc. increased its holdings in shares of Eaton Vance by 1.0% during the 2nd quarter. Advisor Group Inc. now owns 4,782 shares of the asset manager’s stock worth $225,000 after buying an additional 47 shares during the last quarter. Utah Retirement Systems increased its holdings in shares of Eaton Vance by 1.0% during the 2nd quarter. Utah Retirement Systems now owns 20,182 shares of the asset manager’s stock worth $955,000 after buying an additional 200 shares during the last quarter. World Asset Management Inc increased its holdings in shares of Eaton Vance by 2.8% during the 2nd quarter. World Asset Management Inc now owns 8,242 shares of the asset manager’s stock worth $390,000 after buying an additional 226 shares during the last quarter. Finally, Tredje AP fonden increased its holdings in shares of Eaton Vance by 1.0% during the 2nd quarter. Tredje AP fonden now owns 24,630 shares of the asset manager’s stock worth $1,165,000 after buying an additional 233 shares during the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.

Shares of Eaton Vance Corp (NYSE EV) traded up $0.38 during midday trading on Friday, reaching $56.84. The company had a trading volume of 384,810 shares, compared to its average volume of 595,254. Eaton Vance Corp has a 52-week low of $41.08 and a 52-week high of $56.87. The firm has a market cap of $6,711.55, a P/E ratio of 23.01, a P/E/G ratio of 0.94 and a beta of 1.89. The company has a current ratio of 1.85, a quick ratio of 5.74 and a debt-to-equity ratio of 0.01.

Eaton Vance (NYSE:EV) last announced its quarterly earnings results on Tuesday, November 21st. The asset manager reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.01). Eaton Vance had a net margin of 18.45% and a return on equity of 33.45%. The company had revenue of $405.70 million during the quarter, compared to analyst estimates of $407.75 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. equities analysts predict that Eaton Vance Corp will post 2.98 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were paid a dividend of $0.31 per share. The ex-dividend date was Monday, October 30th. This is an increase from Eaton Vance’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a dividend yield of 2.18%. Eaton Vance’s dividend payout ratio (DPR) is currently 51.24%.

A number of analysts have recently commented on the company. ValuEngine upgraded Eaton Vance from a “hold” rating to a “buy” rating in a report on Wednesday, November 22nd. Deutsche Bank started coverage on Eaton Vance in a report on Tuesday, October 17th. They issued a “buy” rating and a $57.00 price target for the company. Jefferies Group reiterated a “hold” rating and issued a $46.00 price target on shares of Eaton Vance in a report on Friday, August 18th. J P Morgan Chase & Co upgraded Eaton Vance from an “underweight” rating to a “neutral” rating and set a $48.00 price target for the company in a report on Thursday, August 24th. Finally, BidaskClub downgraded Eaton Vance from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Eaton Vance has an average rating of “Hold” and an average target price of $52.06.

In other news, Director Leo I. Higdon, Jr. sold 6,865 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $48.08, for a total transaction of $330,069.20. Following the completion of the sale, the director now directly owns 11,626 shares in the company, valued at $558,978.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dorothy E. Puhy sold 5,953 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $51.08, for a total value of $304,079.24. The disclosure for this sale can be found here. Insiders have sold 587,122 shares of company stock valued at $29,384,733 over the last 90 days.

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

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