Eaton Vance Corp (EV) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board cut its stake in Eaton Vance Corp (NYSE:EV) by 14.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,900 shares of the asset manager’s stock after selling 4,000 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Eaton Vance were worth $841,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in EV. BlackRock Inc. grew its position in Eaton Vance by 0.7% during the third quarter. BlackRock Inc. now owns 11,960,586 shares of the asset manager’s stock valued at $628,648,000 after buying an additional 80,753 shares during the period. Vanguard Group Inc. grew its position in Eaton Vance by 0.9% during the third quarter. Vanguard Group Inc. now owns 11,560,314 shares of the asset manager’s stock valued at $607,610,000 after buying an additional 99,107 shares during the period. Vanguard Group Inc grew its position in Eaton Vance by 0.9% during the third quarter. Vanguard Group Inc now owns 11,560,314 shares of the asset manager’s stock valued at $607,610,000 after buying an additional 99,107 shares during the period. JPMorgan Chase & Co. grew its position in Eaton Vance by 0.7% during the third quarter. JPMorgan Chase & Co. now owns 1,790,439 shares of the asset manager’s stock valued at $94,105,000 after buying an additional 12,246 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Eaton Vance by 5.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,039,975 shares of the asset manager’s stock valued at $54,661,000 after buying an additional 52,492 shares during the period. Hedge funds and other institutional investors own 67.84% of the company’s stock.

In related news, Director Winthrop H. Smith, Jr. bought 10,000 shares of the stock in a transaction dated Tuesday, December 18th. The shares were purchased at an average price of $34.89 per share, with a total value of $348,900.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of NYSE:EV opened at $40.00 on Wednesday. The company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 1.35. Eaton Vance Corp has a 1-year low of $32.28 and a 1-year high of $58.64. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 0.89 and a beta of 1.56.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.50%. The ex-dividend date is Wednesday, January 30th. Eaton Vance’s dividend payout ratio is currently 43.61%.

Several brokerages recently issued reports on EV. ValuEngine lowered shares of Eaton Vance from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. Zacks Investment Research restated a “sell” rating on shares of Eaton Vance in a research report on Tuesday, November 13th. Citigroup lowered shares of Eaton Vance from a “buy” rating to a “neutral” rating and cut their target price for the company from $60.50 to $47.00 in a research report on Monday, November 19th. Keefe, Bruyette & Woods restated a “hold” rating and set a $48.00 target price on shares of Eaton Vance in a research report on Monday, November 19th. Finally, Jefferies Financial Group restated a “hold” rating and set a $45.00 target price on shares of Eaton Vance in a research report on Monday, November 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $42.71.

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

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