DekaBank Deutsche Girozentrale lessened its holdings in shares of Eaton Vance (NYSE:EV) by 12.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,878 shares of the asset manager’s stock after selling 3,187 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Eaton Vance were worth $1,295,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in EV. Goldman Sachs Group Inc. boosted its stake in Eaton Vance by 199.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,576,133 shares of the asset manager’s stock worth $88,879,000 after purchasing an additional 1,049,947 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Eaton Vance in the 4th quarter worth about $53,919,000. BlackRock Inc. boosted its stake in Eaton Vance by 5.0% in the 4th 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 in the last quarter. Deutsche Bank AG boosted its stake in Eaton Vance by 123.8% in the 4th quarter. Deutsche Bank AG now owns 403,787 shares of the asset manager’s stock worth $22,767,000 after purchasing an additional 223,342 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in Eaton Vance in the 4th quarter worth about $8,380,000. Hedge funds and other institutional investors own 69.83% of the company’s stock.
A number of equities analysts recently issued reports on the stock. ValuEngine upgraded shares of Eaton Vance from a “hold” rating to a “buy” rating in a research note on Monday, May 7th. Zacks Investment Research cut shares of Eaton Vance from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Bank of America upgraded shares of Eaton Vance from a “neutral” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Wednesday, May 2nd. Deutsche Bank upped their target price on shares of Eaton Vance from $61.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, April 6th. Finally, JPMorgan Chase set a $58.00 target price on shares of Eaton Vance and gave the company a “hold” rating in a research note on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Eaton Vance presently has an average rating of “Hold” and an average target price of $56.31.
Eaton Vance opened at $57.60 on Friday, according to Marketbeat.com. The company has a current ratio of 9.40, a quick ratio of 9.40 and a debt-to-equity ratio of 0.60. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 21.17, a P/E/G ratio of 0.76 and a beta of 1.70. Eaton Vance has a 52-week low of $56.94 and a 52-week high of $58.02.
Eaton Vance (NYSE:EV) last posted its earnings results on Tuesday, February 27th. The asset manager reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.03. Eaton Vance had a net margin of 18.77% and a return on equity of 34.09%. The business had revenue of $421.40 million for the quarter, compared to analysts’ expectations of $420.62 million. During the same quarter in the prior year, the business earned $0.53 EPS. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. analysts expect that Eaton Vance will post 3.31 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Monday, April 30th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Friday, April 27th. Eaton Vance’s payout ratio is currently 50.00%.
Eaton Vance 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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