Shares of Eaton Vance Corp (NYSE:EV) have earned an average recommendation of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $53.44.
A number of equities research analysts have weighed in on EV shares. Zacks Investment Research cut Eaton Vance from a “buy” rating to a “hold” rating in a research note on Monday, November 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $53.00 price objective on shares of Eaton Vance in a research note on Friday, November 10th. ValuEngine upgraded Eaton Vance from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Jefferies Group reiterated a “hold” rating and issued a $46.00 price objective on shares of Eaton Vance in a research note on Thursday, October 26th. Finally, Bank of America boosted their price objective on Eaton Vance from $49.00 to $51.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st.
Shares of Eaton Vance (NYSE EV) traded up $0.66 during midday trading on Tuesday, reaching $53.19. The company’s stock had a trading volume of 562,995 shares, compared to its average volume of 810,520. The company has a debt-to-equity ratio of 0.62, a quick ratio of 5.44 and a current ratio of 5.44. Eaton Vance has a one year low of $42.20 and a one year high of $60.95. The stock has a market capitalization of $6,280.57, a PE ratio of 21.53, a P/E/G ratio of 0.80 and a beta of 1.79.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Tuesday, January 30th. Eaton Vance’s dividend payout ratio (DPR) is presently 51.24%.
In other news, CEO Matthew J. Witkos sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $60.35, for a total transaction of $1,508,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dorothy E. Puhy sold 9,490 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $60.49, for a total value of $574,050.10. The disclosure for this sale can be found here.
Several institutional investors have recently added to or reduced their stakes in EV. Janus Henderson Group PLC raised its stake in shares of Eaton Vance by 13,411.4% during the second quarter. Janus Henderson Group PLC now owns 1,557,593 shares of the asset manager’s stock worth $73,705,000 after purchasing an additional 1,546,065 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Eaton Vance by 33.7% during the third quarter. Bank of New York Mellon Corp now owns 4,421,942 shares of the asset manager’s stock worth $218,311,000 after purchasing an additional 1,113,748 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Eaton Vance during the fourth quarter worth approximately $53,919,000. BlackRock Inc. raised its stake in shares of Eaton Vance by 5.0% during the fourth quarter. BlackRock Inc. now owns 11,297,677 shares of the asset manager’s stock worth $637,078,000 after purchasing an additional 533,248 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its position in Eaton Vance by 46.7% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 509,947 shares of the asset manager’s stock worth $25,176,000 after acquiring an additional 162,436 shares in the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.
Eaton Vance Company Profile
Eaton Vance Corp. is engaged in the business of managing investment funds and providing investment management and advisory services to high-net-worth individuals and institutions. The Company operates as an investment advisor to funds and separate accounts. The Company, through its subsidiaries and other affiliates, manages active equity, income and alternative strategies across a range of investment styles and asset classes, including the United States and global equities, floating-rate bank loans, municipal bonds, global income, high-yield and investment grade bonds.
Receive News & Ratings for Eaton Vance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton Vance and related companies with MarketBeat.com's FREE daily email newsletter.