Jefferies Group LLC restated their hold rating on shares of Eaton Vance Corporation (NYSE:EV) in a research note released on Friday. The brokerage currently has a $46.00 price target on the asset manager’s stock. Jefferies Group also issued estimates for Eaton Vance Corporation’s Q3 2017 earnings at $0.65 EPS, Q4 2017 earnings at $0.72 EPS, FY2017 earnings at $2.52 EPS and FY2018 earnings at $2.93 EPS.

Several other research firms also recently weighed in on EV. BidaskClub downgraded shares of Eaton Vance Corporation from a hold rating to a sell rating in a research report on Friday, July 28th. J P Morgan Chase & Co reissued an underweight rating and set a $47.00 target price (up previously from $40.00) on shares of Eaton Vance Corporation in a research report on Tuesday, June 6th. Zacks Investment Research raised shares of Eaton Vance Corporation from a hold rating to a buy rating and set a $54.00 target price on the stock in a research report on Thursday, June 8th. Citigroup Inc. boosted their target price on shares of Eaton Vance Corporation from $46.50 to $51.00 and gave the stock a neutral rating in a research report on Thursday, May 25th. Finally, Bank of America Corporation boosted their target price on shares of Eaton Vance Corporation from $47.00 to $49.00 and gave the stock a neutral rating in a research report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $50.07.

Eaton Vance Corporation (NYSE:EV) opened at 46.58 on Friday. Eaton Vance Corporation has a 1-year low of $34.44 and a 1-year high of $50.10. The company has a 50-day moving average of $48.16 and a 200-day moving average of $46.07. The company has a market capitalization of $5.16 billion, a P/E ratio of 20.42 and a beta of 1.84.

Eaton Vance Corporation (NYSE:EV) last posted its quarterly earnings data on Wednesday, May 24th. The asset manager reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. The firm had revenue of $374.60 million during the quarter, compared to analyst estimates of $373.28 million. Eaton Vance Corporation had a net margin of 18.39% and a return on equity of 36.63%. Eaton Vance Corporation’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 EPS. Equities analysts expect that Eaton Vance Corporation will post $2.55 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Thursday, July 27th. Eaton Vance Corporation’s dividend payout ratio (DPR) is currently 49.34%.

In related news, CEO Matthew J. Witkos sold 40,000 shares of the business’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $48.08, for a total value of $1,923,200.00. Following the completion of the transaction, the chief executive officer now directly owns 243,688 shares in the company, valued at approximately $11,716,519.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dorothy E. Puhy sold 2,563 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $48.46, for a total transaction of $124,202.98. Following the completion of the transaction, the director now owns 14,473 shares of the company’s stock, valued at $701,361.58. The disclosure for this sale can be found here. Insiders sold a total of 127,943 shares of company stock worth $6,149,649 over the last ninety days.

Several institutional investors have recently bought and sold shares of the stock. WFG Advisors LP boosted its position in Eaton Vance Corporation by 0.6% in the second quarter. WFG Advisors LP now owns 2,337 shares of the asset manager’s stock valued at $111,000 after buying an additional 14 shares in the last quarter. TrimTabs Asset Management LLC boosted 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 valued at $122,000 after buying an additional 1,272 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in 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 in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in 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 in the last quarter. Finally, Nordea Investment Management AB boosted its position in 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 in the last quarter. Hedge funds and other institutional investors own 71.01% 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.

Analyst Recommendations for Eaton Vance Corporation (NYSE:EV)

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