Fiduciary Financial Services of The Southwest Inc. TX Sells 600 Shares of Eaton Vance Corp (EV)

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Fiduciary Financial Services of The Southwest Inc. TX reduced its position in Eaton Vance Corp (NYSE:EV) by 7.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,100 shares of the asset manager’s stock after selling 600 shares during the quarter. Fiduciary Financial Services of The Southwest Inc. TX’s holdings in Eaton Vance were worth $250,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its position in Eaton Vance by 49.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 12,687 shares of the asset manager’s stock worth $446,000 after buying an additional 4,221 shares during the last quarter. Ledyard National Bank boosted its stake in Eaton Vance by 266.4% during the 4th quarter. Ledyard National Bank now owns 2,400 shares of the asset manager’s stock worth $84,000 after purchasing an additional 1,745 shares during the last quarter. Capital Management Corp VA boosted its stake in Eaton Vance by 4.7% during the 4th quarter. Capital Management Corp VA now owns 205,191 shares of the asset manager’s stock worth $7,219,000 after purchasing an additional 9,178 shares during the last quarter. OLD Republic International Corp boosted its stake in Eaton Vance by 56.4% during the 4th quarter. OLD Republic International Corp now owns 502,000 shares of the asset manager’s stock worth $17,660,000 after purchasing an additional 181,000 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in Eaton Vance during the 4th quarter worth $89,000. Institutional investors and hedge funds own 67.51% of the company’s stock.

In other Eaton Vance news, Director Winthrop H. Smith, Jr. acquired 10,000 shares of the business’s stock in a transaction on Tuesday, December 18th. The stock was purchased at an average price of $34.89 per share, for a total transaction of $348,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

EV has been the topic of several recent research reports. Jefferies Financial Group reissued a “hold” rating and set a $42.00 price target on shares of Eaton Vance in a research report on Tuesday, December 4th. Deutsche Bank lowered shares of Eaton Vance from a “buy” rating to a “hold” rating and cut their price target for the stock from $57.00 to $39.00 in a research note on Thursday, January 10th. Keefe, Bruyette & Woods restated a “hold” rating and set a $39.00 target price on shares of Eaton Vance in a research note on Wednesday, January 9th. ValuEngine upgraded shares of Eaton Vance from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Finally, Zacks Investment Research upgraded shares of Eaton Vance from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $42.71.

EV traded up $0.37 on Thursday, reaching $38.52. The company’s stock had a trading volume of 11,796 shares, compared to its average volume of 1,210,606. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 0.88 and a beta of 1.60. Eaton Vance Corp has a fifty-two week low of $32.28 and a fifty-two week high of $59.00.

Eaton Vance (NYSE:EV) last posted its quarterly earnings data on Tuesday, November 27th. The asset manager reported $0.85 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.85. The business had revenue of $435.97 million during the quarter, compared to the consensus estimate of $435.02 million. Eaton Vance had a return on equity of 35.94% and a net margin of 22.44%. On average, equities analysts anticipate that Eaton Vance Corp will post 3.11 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.63%. The ex-dividend date is Wednesday, January 30th. Eaton Vance’s payout ratio is 43.61%.

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Eaton Vance Company 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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Want to see what other hedge funds are holding EV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eaton Vance Corp (NYSE:EV).

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

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