Eaton Vance Corporation (NYSE:EV) CEO Matthew J. Witkos sold 84,085 shares of the firm’s stock in a transaction on Friday, January 20th. The stock was sold at an average price of $42.83, for a total value of $3,601,360.55. Following the completion of the transaction, the chief executive officer now owns 287,773 shares in the company, valued at $12,325,317.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Eaton Vance Corporation (NYSE:EV) opened at 43.45 on Wednesday. The firm has a 50 day moving average price of $42.62 and a 200 day moving average price of $39.39. The firm has a market cap of $4.77 billion, a P/E ratio of 20.50 and a beta of 1.81. Eaton Vance Corporation has a 1-year low of $26.44 and a 1-year high of $44.00.
Eaton Vance Corporation (NYSE:EV) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.59 by $0.02. Eaton Vance Corporation had a return on equity of 38.30% and a net margin of 17.97%. The business earned $346.85 million during the quarter, compared to the consensus estimate of $341.46 million. During the same period in the prior year, the firm earned $0.53 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Analysts anticipate that Eaton Vance Corporation will post $2.43 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Tuesday, January 31st will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, January 27th. This represents a $1.12 annualized dividend and a dividend yield of 2.58%. Eaton Vance Corporation’s dividend payout ratio is 53.33%.
Hedge funds have recently modified their holdings of the company. Acrospire Investment Management LLC boosted its stake in shares of Eaton Vance Corporation by 44.4% in the third quarter. Acrospire Investment Management LLC now owns 2,600 shares of the company’s stock valued at $102,000 after buying an additional 800 shares in the last quarter. Tredje AP fonden boosted its stake in shares of Eaton Vance Corporation by 467.5% in the second quarter. Tredje AP fonden now owns 4,540 shares of the company’s stock valued at $160,000 after buying an additional 3,740 shares in the last quarter. Advisor Group Inc. acquired a new stake in shares of Eaton Vance Corporation during the second quarter valued at $171,000. Bank of Montreal Can boosted its stake in shares of Eaton Vance Corporation by 4.8% in the third quarter. Bank of Montreal Can now owns 5,211 shares of the company’s stock valued at $203,000 after buying an additional 239 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Eaton Vance Corporation during the second quarter valued at $209,000. 70.47% of the stock is currently owned by institutional investors.
Several analysts recently commented on the company. Zacks Investment Research raised Eaton Vance Corporation from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Tuesday. Citigroup Inc. reaffirmed a “neutral” rating on shares of Eaton Vance Corporation in a research note on Sunday, October 23rd. J P Morgan Chase & Co reaffirmed an “underweight” rating on shares of Eaton Vance Corporation in a research note on Thursday, January 12th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $37.00 price objective on shares of Eaton Vance Corporation in a research note on Wednesday, November 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $38.48.
Eaton Vance Corporation 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.