Eaton Vance Corp (EV) Shares Bought by Verition Fund Management LLC

Verition Fund Management LLC boosted its holdings in shares of Eaton Vance Corp (NYSE:EV) by 97.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,653 shares of the asset manager’s stock after buying an additional 14,137 shares during the period. Verition Fund Management LLC’s holdings in Eaton Vance were worth $1,506,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of EV. Raymond James Financial Services Advisors Inc. lifted 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 purchasing an additional 1,343 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Eaton Vance by 13.3% during the second quarter. Victory Capital Management Inc. now owns 68,436 shares of the asset manager’s stock worth $3,572,000 after purchasing an additional 8,037 shares during the last quarter. Toronto Dominion Bank lifted its stake in Eaton Vance by 48.1% during the second quarter. Toronto Dominion Bank now owns 11,967 shares of the asset manager’s stock worth $624,000 after purchasing an additional 3,884 shares during the last quarter. Arizona State Retirement System lifted its stake in Eaton Vance by 1.9% during the second quarter. Arizona State Retirement System now owns 82,758 shares of the asset manager’s stock worth $4,319,000 after purchasing an additional 1,554 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Eaton Vance by 54.5% during the second quarter. Canada Pension Plan Investment Board now owns 20,700 shares of the asset manager’s stock worth $1,080,000 after purchasing an additional 7,300 shares during the last quarter. 67.48% of the stock is owned by institutional investors.

NYSE:EV traded up $0.09 during mid-day trading on Thursday, reaching $36.81. 1,174,894 shares of the company’s stock traded hands, compared to its average volume of 1,318,299. Eaton Vance Corp has a 12-month low of $32.28 and a 12-month high of $60.95. The company has a market cap of $4.11 billion, a PE ratio of 11.47, a P/E/G ratio of 0.77 and a beta of 1.60. The company has a debt-to-equity ratio of 1.35, a current ratio of 5.67 and a quick ratio of 5.67.

Eaton Vance (NYSE:EV) last announced its quarterly earnings results on Tuesday, November 27th. The asset manager reported $0.85 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.85. Eaton Vance had a return on equity of 35.94% and a net margin of 22.44%. The company had revenue of $435.97 million for the quarter, compared to the consensus estimate of $435.02 million. Analysts expect that Eaton Vance Corp will post 3.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.80%. Eaton Vance’s dividend payout ratio (DPR) is 43.61%.

In other news, CEO Thomas E. Faust, Jr. sold 54,134 shares of the business’s stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $43.38, for a total value of $2,348,332.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Thomas E. Faust, Jr. sold 33,407 shares of the business’s stock in a transaction that occurred on Monday, October 22nd. The stock was sold at an average price of $45.50, for a total value of $1,520,018.50. The disclosure for this sale can be found here. Insiders have sold a total of 136,984 shares of company stock worth $6,000,600 in the last quarter.

Several research analysts have recently commented on EV shares. Jefferies Financial Group reiterated a “hold” rating and issued a $42.00 price objective on shares of Eaton Vance in a report on Tuesday, December 4th. Citigroup downgraded Eaton Vance from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $60.50 to $47.00 in a report on Monday, November 19th. Deutsche Bank downgraded Eaton Vance from a “buy” rating to a “hold” rating in a report on Thursday. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $39.00 price objective on shares of Eaton Vance in a report on Wednesday. Finally, JPMorgan Chase & Co. downgraded Eaton Vance from a “neutral” rating to an “underweight” rating and set a $38.00 price objective on the stock. in a report on Wednesday, November 28th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $51.13.

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

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