Eaton Vance Corporation (NYSE:EV) CEO Matthew J. Witkos sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $48.08, for a total transaction of $1,923,200.00. Following the completion of the sale, the chief executive officer now owns 243,688 shares in the company, valued at approximately $11,716,519.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Eaton Vance Corporation (NYSE:EV) traded up 0.04% during mid-day trading on Friday, reaching $48.35. 832,987 shares of the company’s stock were exchanged. The stock has a market capitalization of $5.36 billion, a PE ratio of 21.20 and a beta of 1.86. The company’s 50 day moving average is $45.99 and its 200 day moving average is $44.22. Eaton Vance Corporation has a 1-year low of $32.97 and a 1-year high of $48.98.

Eaton Vance Corporation (NYSE:EV) last posted its quarterly earnings data on Wednesday, May 24th. The asset manager reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Eaton Vance Corporation had a net margin of 18.39% and a return on equity of 36.63%. The firm had revenue of $374.60 million for the quarter, compared to analyst estimates of $373.28 million. During the same period last year, the firm posted $0.48 EPS. Eaton Vance Corporation’s quarterly revenue was up 15.9% on a year-over-year basis. Equities research analysts anticipate that Eaton Vance Corporation will post $2.54 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Eaton Vance Corporation (NYSE:EV)

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Several research firms have weighed in on EV. Bank of America Corporation upgraded shares of Eaton Vance Corporation from an “underperform” rating to a “neutral” rating in a research report on Tuesday, February 21st. Zacks Investment Research downgraded shares of Eaton Vance Corporation from a “buy” rating to a “hold” rating in a research report on Monday, February 27th. Jefferies Group LLC restated a “hold” rating and set a $42.00 price objective on shares of Eaton Vance Corporation in a research report on Friday, March 24th. Citigroup Inc. upgraded shares of Eaton Vance Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the company from $52.00 to $54.50 in a research report on Monday, June 5th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $50.00 price objective on shares of Eaton Vance Corporation in a research report on Tuesday, May 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $48.07.

A number of institutional investors have recently bought and sold shares of the stock. TrimTabs Asset Management LLC raised its position in Eaton Vance Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,705 shares of the asset manager’s stock worth $122,000 after buying an additional 1,272 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in shares of Eaton Vance Corporation by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,028 shares of the asset manager’s stock valued at $127,000 after buying an additional 148 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Eaton Vance Corporation by 20.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,901 shares of the asset manager’s stock valued at $130,000 after buying an additional 501 shares during the last quarter. CENTRAL TRUST Co raised its stake in shares of Eaton Vance Corporation by 6,356.9% in the first quarter. CENTRAL TRUST Co now owns 3,293 shares of the asset manager’s stock valued at $148,000 after buying an additional 3,242 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Eaton Vance Corporation by 131.9% in the first quarter. Nordea Investment Management AB now owns 3,341 shares of the asset manager’s stock valued at $150,000 after buying an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 71.62% of the company’s stock.

About Eaton Vance Corporation

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.

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