PNC Financial Services Group Inc. lowered its position in Eaton Vance Corporation (NYSE:EV) by 2.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,586 shares of the asset manager’s stock after selling 171 shares during the period. PNC Financial Services Group Inc.’s holdings in Eaton Vance Corporation were worth $386,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EV. TrimTabs Asset Management LLC boosted its position in shares of 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 last quarter. Mn Services Vermogensbeheer B.V. boosted its position 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 worth $127,000 after buying an additional 148 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position 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 worth $130,000 after buying an additional 501 shares during the last quarter. CENTRAL TRUST Co boosted its position 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 worth $148,000 after buying an additional 3,242 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position 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 worth $150,000 after buying an additional 1,900 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

Shares of Eaton Vance Corporation (EV) traded up 0.27% during midday trading on Monday, hitting $48.48. 361,396 shares of the stock were exchanged. The stock has a market cap of $5.37 billion, a P/E ratio of 21.25 and a beta of 1.84. Eaton Vance Corporation has a 12 month low of $34.44 and a 12 month high of $50.10. The firm has a 50 day moving average of $48.18 and a 200-day moving average of $45.57.

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 the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Eaton Vance Corporation had a return on equity of 36.63% and a net margin of 18.39%. The business had revenue of $374.60 million during the quarter, compared to the consensus estimate of $373.28 million. During the same period in the prior year, the company earned $0.48 earnings per share. The company’s revenue was up 15.9% compared to the same quarter last year. Equities research analysts anticipate that Eaton Vance Corporation will post $2.55 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, July 27th. Eaton Vance Corporation’s dividend payout ratio is presently 49.34%.

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A number of brokerages recently commented on EV. BidaskClub cut shares of Eaton Vance Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Jefferies Group LLC reiterated a “hold” rating and issued a $45.00 target price on shares of Eaton Vance Corporation in a research report on Wednesday, June 28th. Zacks Investment Research upgraded shares of Eaton Vance Corporation from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Thursday, June 8th. J P Morgan Chase & Co restated an “underweight” rating and issued a $47.00 price objective (up previously from $40.00) on shares of Eaton Vance Corporation in a research report on Tuesday, June 6th. Finally, Citigroup Inc. upgraded shares of Eaton Vance Corporation from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $52.00 to $54.50 in a research report on Monday, June 5th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Eaton Vance Corporation has a consensus rating of “Hold” and a consensus price target of $48.07.

In other Eaton Vance Corporation news, Director Winthrop H. Smith, Jr. sold 21,885 shares of the stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $48.03, for a total value of $1,051,136.55. Following the completion of the transaction, the director now owns 15,420 shares in the company, valued at $740,622.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dorothy E. Puhy sold 2,563 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $48.46, for a total value of $124,202.98. Following the completion of the transaction, the director now owns 14,473 shares of the company’s stock, valued at approximately $701,361.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 127,943 shares of company stock valued at $6,149,649.

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.

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

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