The OLD Republic International Corp decides to keep it stake in Eaton Vance Corp. (EV) to the level of $13,359,000

The OLD Republic International Corp decides to keep it stake in Eaton Vance Corp. (EV) to the level of $13,359,000

OLD Republic International Corp held its stake in shares of Eaton Vance Corp. (NYSE:EV) during the second quarter, Holdings Channel reports. The institutional investor owned 378,000 shares of the company’s stock at the end of the second quarter. OLD Republic International Corp’s holdings in Eaton Vance Corp. were worth $13,359,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in EV. Northwest Investment Counselors LLC raised its stake in shares of Eaton Vance Corp. by 0.9% in the second quarter. Northwest Investment Counselors LLC now owns 15,183 shares of the company’s stock valued at $537,000 after buying an additional 134 shares during the period. Shelton Capital Management increased its position in shares of Eaton Vance Corp. by 1.8% in the second quarter. Shelton Capital Management now owns 11,529 shares of the company’s stock valued at $407,000 after buying an additional 200 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Eaton Vance Corp. by 3.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 8,256 shares of the company’s stock valued at $291,000 after buying an additional 304 shares in the last quarter. Chicago Equity Partners LLC increased its position in shares of Eaton Vance Corp. by 2.9% in the second quarter. Chicago Equity Partners LLC now owns 11,540 shares of the company’s stock valued at $408,000 after buying an additional 320 shares in the last quarter. Finally, Somerset Trust Co increased its position in shares of Eaton Vance Corp. by 2.5% in the second quarter. Somerset Trust Co now owns 14,999 shares of the company’s stock valued at $530,000 after buying an additional 372 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Eaton Vance Corp. (NYSE:EV) traded down 0.98% during mid-day trading on Friday, reaching $35.38. The company had a trading volume of 1,263,422 shares. The firm has a 50-day moving average of $38.12 and a 200 day moving average of $36.97. Eaton Vance Corp. has a 1-year low of $26.44 and a 1-year high of $40.36. The company has a market capitalization of $3.86 billion, a PE ratio of 16.99 and a beta of 1.76.

Eaton Vance Corp. (NYSE:EV) last posted its quarterly earnings data on Wednesday, August 17th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The company earned $341.20 million during the quarter. Eaton Vance Corp. had a return on equity of 39.06% and a net margin of 17.83%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 EPS. On average, analysts predict that Eaton Vance Corp. will post $2.13 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Monday, October 31st will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Thursday, October 27th. This is a boost from Eaton Vance Corp.’s previous quarterly dividend of $0.27. Eaton Vance Corp.’s dividend payout ratio is 54.37%.

Several research analysts have commented on the company. Citigroup Inc. restated a “neutral” rating on shares of Eaton Vance Corp. in a research note on Sunday, October 23rd. Zacks Investment Research downgraded Eaton Vance Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Jefferies Group restated a “hold” rating on shares of Eaton Vance Corp. in a research note on Monday, August 1st. Keefe, Bruyette & Woods raised their target price on Eaton Vance Corp. from $38.00 to $40.00 and gave the stock a “market perform” rating in a research note on Friday, August 19th. Finally, Credit Suisse Group AG restated a “hold” rating and issued a $37.00 target price on shares of Eaton Vance Corp. in a research note on Thursday, September 1st. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $37.54.

In other Eaton Vance Corp. news, Director Brian D. Langstraat sold 38,012 shares of the company’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $39.79, for a total value of $1,512,497.48. Following the completion of the sale, the director now owns 107,712 shares in the company, valued at $4,285,860.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Matthew J. Witkos sold 94,408 shares of the company’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $40.08, for a total value of $3,783,872.64. Following the completion of the sale, the chief executive officer now owns 197,077 shares of the company’s stock, valued at approximately $7,898,846.16. The disclosure for this sale can be found here.

Eaton Vance Corp. Company Profile

Eaton Vance Corp. is engaged in business of managing investment funds and providing investment management and advisory services to individuals and institutions. The Company seeks to develop and sustain management expertise across a range of investment disciplines, and offer investment products and services through various distribution channels.

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