Keefe, Bruyette & Woods reissued their hold rating on shares of Eaton Vance (NYSE:EV) in a research report report published on Monday morning. The firm currently has a $48.00 price objective on the asset manager’s stock.

A number of other equities research analysts have also recently commented on the stock. ValuEngine cut shares of Eaton Vance from a hold rating to a sell rating in a research report on Wednesday, October 17th. Deutsche Bank reduced their target price on shares of Eaton Vance from $64.00 to $63.00 and set a buy rating for the company in a research report on Thursday, September 27th. Zacks Investment Research cut shares of Eaton Vance from a hold rating to a sell rating in a research report on Thursday, August 9th. Jefferies Financial Group reiterated a hold rating and issued a $45.00 target price on shares of Eaton Vance in a research report on Monday. Finally, Citigroup cut shares of Eaton Vance from a buy rating to a neutral rating and reduced their target price for the company from $60.50 to $47.00 in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $55.13.

Shares of NYSE EV opened at $41.70 on Monday. The stock has a market capitalization of $5.03 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 0.63 and a beta of 1.65. The company has a quick ratio of 8.35, a current ratio of 8.35 and a debt-to-equity ratio of 1.14. Eaton Vance has a 52 week low of $41.28 and a 52 week high of $60.95.

Eaton Vance (NYSE:EV) last issued its earnings results on Wednesday, August 29th. The asset manager reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.01. The business had revenue of $430.60 million during the quarter, compared to analysts’ expectations of $430.11 million. Eaton Vance had a net margin of 21.44% and a return on equity of 34.91%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 earnings per share. As a group, equities research analysts predict that Eaton Vance will post 3.2 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Wednesday, October 31st were given a dividend of $0.35 per share. This is a boost from Eaton Vance’s previous quarterly dividend of $0.31. This represents a $1.40 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend was Tuesday, October 30th. Eaton Vance’s dividend payout ratio (DPR) is presently 56.45%.

In related news, Director Brian D. Langstraat sold 13,000 shares of the firm’s stock in a transaction dated Thursday, October 11th. The shares were sold at an average price of $47.50, for a total transaction of $617,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas E. Faust, Jr. sold 54,134 shares of the firm’s stock in a transaction dated Monday, October 29th. The stock was sold at an average price of $43.38, for a total transaction of $2,348,332.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 149,984 shares of company stock valued at $6,618,100.

A number of hedge funds have recently made changes to their positions in the business. Sit Investment Associates Inc. boosted its stake in Eaton Vance by 44.3% during the second quarter. Sit Investment Associates Inc. now owns 3,500 shares of the asset manager’s stock worth $183,000 after buying an additional 1,075 shares during the period. DNB Asset Management AS boosted its stake in Eaton Vance by 11.2% during the third quarter. DNB Asset Management AS now owns 11,939 shares of the asset manager’s stock worth $628,000 after buying an additional 1,200 shares during the period. Baird Financial Group Inc. boosted its stake in Eaton Vance by 12.9% during the third quarter. Baird Financial Group Inc. now owns 10,782 shares of the asset manager’s stock worth $566,000 after buying an additional 1,235 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Eaton Vance by 11.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 13,116 shares of the asset manager’s stock worth $685,000 after buying an additional 1,343 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its stake in Eaton Vance by 9.0% during the third quarter. Steward Partners Investment Advisory LLC now owns 16,615 shares of the asset manager’s stock worth $873,000 after buying an additional 1,367 shares during the period. 67.09% of the stock is owned by institutional investors.

Eaton Vance Company Profile

Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in the United States. It also provides investment management and counseling services to institutions and individuals. Further, the company operates as an adviser and distributor of investment companies and separate accounts.

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Analyst Recommendations for Eaton Vance (NYSE:EV)

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