S&CO Inc. Has $1.31 Million Stake in Eaton Vance Corp (EV)

S&CO Inc. decreased its stake in shares of Eaton Vance Corp (NYSE:EV) by 19.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 24,882 shares of the asset manager’s stock after selling 6,015 shares during the period. S&CO Inc.’s holdings in Eaton Vance were worth $1,308,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of EV. LPL Financial LLC increased its holdings in shares of Eaton Vance by 33.9% during the 1st quarter. LPL Financial LLC now owns 6,973 shares of the asset manager’s stock valued at $388,000 after acquiring an additional 1,765 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Eaton Vance by 4.4% during the 1st quarter. Principal Financial Group Inc. now owns 523,934 shares of the asset manager’s stock valued at $29,167,000 after purchasing an additional 21,855 shares during the period. IFM Investors Pty Ltd boosted its stake in Eaton Vance by 34.4% during the 2nd quarter. IFM Investors Pty Ltd now owns 5,981 shares of the asset manager’s stock valued at $312,000 after purchasing an additional 1,530 shares during the period. State of Alaska Department of Revenue boosted its stake in Eaton Vance by 190.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 30,460 shares of the asset manager’s stock valued at $1,589,000 after purchasing an additional 19,960 shares during the period. Finally, Bank of Montreal Can boosted its stake in Eaton Vance by 100.7% during the 2nd quarter. Bank of Montreal Can now owns 38,642 shares of the asset manager’s stock valued at $2,017,000 after purchasing an additional 19,393 shares during the period. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:EV opened at $44.86 on Thursday. Eaton Vance Corp has a twelve month low of $42.16 and a twelve month high of $60.95. The company has a market cap of $5.24 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 0.66 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 (NYSE:EV) last announced its earnings results on Wednesday, August 29th. The asset manager reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.01. Eaton Vance had a return on equity of 34.91% and a net margin of 21.44%. The firm had revenue of $430.60 million during the quarter, compared to the consensus estimate of $430.11 million. During the same quarter in the prior year, the company earned $0.62 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities research analysts forecast that Eaton Vance Corp will post 3.2 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be paid a dividend of $0.35 per share. This is an increase from Eaton Vance’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $1.40 annualized dividend and a yield of 3.12%. Eaton Vance’s dividend payout ratio is presently 56.45%.

In other Eaton Vance news, CEO Thomas E. Faust, Jr. sold 33,407 shares of the firm’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Brian D. Langstraat sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 11th. The stock was sold at an average price of $47.50, for a total value of $617,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 149,984 shares of company stock valued at $6,618,100.

Several brokerages recently weighed in on EV. Zacks Investment Research downgraded Eaton Vance from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. Citigroup decreased their target price on Eaton Vance from $62.00 to $60.50 and set a “buy” rating for the company in a research note on Thursday, August 30th. ValuEngine downgraded Eaton Vance from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. Finally, Deutsche Bank decreased their target price on Eaton Vance from $64.00 to $63.00 and set a “buy” rating for the company in a research note on Thursday, September 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $60.07.

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About Eaton Vance

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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