Eaton Vance Corp. (NYSE:EV) announced its earnings results on Tuesday. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.02. The business earned $346.85 million during the quarter, compared to the consensus estimate of $341.46 million. Eaton Vance Corp. had a net margin of 17.83% and a return on equity of 39.06%. During the same period in the previous year, the firm posted $0.53 EPS.

Shares of Eaton Vance Corp. (NYSE:EV) traded down 1.68% during trading on Tuesday, hitting $39.89. The company had a trading volume of 287,319 shares. The company’s 50 day moving average is $37.60 and its 200 day moving average is $37.29. The firm has a market capitalization of $4.35 billion, a P/E ratio of 19.16 and a beta of 1.78. Eaton Vance Corp. has a 1-year low of $26.44 and a 1-year high of $40.85.

Earnings History for Eaton Vance Corp. (NYSE:EV)

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were issued a $0.28 dividend. This is a boost from Eaton Vance Corp.’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Thursday, October 27th. Eaton Vance Corp.’s dividend payout ratio (DPR) is currently 54.37%.

A number of research analysts have recently commented on EV shares. Zacks Investment Research cut shares of Eaton Vance Corp. from a “hold” rating to a “sell” rating in a report on Monday. Credit Suisse Group AG reissued a “hold” rating and issued a $37.00 target price on shares of Eaton Vance Corp. in a report on Thursday, September 1st. Keefe, Bruyette & Woods increased their target price on shares of Eaton Vance Corp. from $38.00 to $40.00 and gave the stock a “market perform” rating in a report on Friday, August 19th. Jefferies Group increased their target price on shares of Eaton Vance Corp. from $34.00 to $38.00 and gave the stock a “hold” rating in a report on Tuesday, August 16th. Finally, Citigroup Inc. reissued a “neutral” rating on shares of Eaton Vance Corp. in a report on Sunday, October 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Eaton Vance Corp. has a consensus rating of “Hold” and a consensus price target of $37.24.

In other Eaton Vance Corp. news, CFO Laurie G. Hylton sold 25,184 shares of Eaton Vance Corp. stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $35.20, for a total value of $886,476.80. Following the transaction, the chief financial officer now directly owns 201,745 shares of the company’s stock, valued at approximately $7,101,424. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Payson F. Swaffield sold 94,727 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $35.40, for a total value of $3,353,335.80. Following the transaction, the insider now directly owns 750,659 shares in the company, valued at $26,573,328.60. The disclosure for this sale can be found here.

Institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. boosted its position in Eaton Vance Corp. by 683.9% in the second quarter. American Century Companies Inc. now owns 1,020,561 shares of the company’s stock valued at $36,067,000 after buying an additional 890,365 shares during the period. BlackRock Investment Management LLC boosted its stake in shares of Eaton Vance Corp. by 4.9% in the second quarter. BlackRock Investment Management LLC now owns 374,863 shares of the company’s stock valued at $13,248,000 after buying an additional 17,639 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Eaton Vance Corp. by 8.6% in the second quarter. BlackRock Inc. now owns 302,496 shares of the company’s stock valued at $10,691,000 after buying an additional 24,008 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Eaton Vance Corp. by 1.9% in the second quarter. BlackRock Fund Advisors now owns 4,242,317 shares of the company’s stock valued at $149,923,000 after buying an additional 80,703 shares during the last quarter. Finally, BlackRock Group LTD boosted its stake in shares of Eaton Vance Corp. by 6.7% in the second quarter. BlackRock Group LTD now owns 479,886 shares of the company’s stock valued at $16,960,000 after buying an additional 29,929 shares during the last quarter. 72.30% of the stock is currently owned by hedge funds and other institutional investors.

Eaton Vance Corp. 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.

5 Day Chart for NYSE:EV

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