Coastline Trust Co maintained its stake in shares of Eaton Vance Corporation (NYSE:EV) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,365 shares of the asset manager’s stock at the close of the 2nd quarter. Coastline Trust Co’s holdings in Eaton Vance Corporation were worth $2,052,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Eaton Vance Corporation by 20.9% during the 1st 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 period. Nordea Investment Management AB grew its stake in Eaton Vance Corporation by 131.9% during the 1st quarter. Nordea Investment Management AB now owns 3,341 shares of the asset manager’s stock valued at $150,000 after purchasing an additional 1,900 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in Eaton Vance Corporation during the 2nd quarter valued at approximately $166,000. Neuburgh Advisers LLC grew its stake in Eaton Vance Corporation by 25.8% during the 1st quarter. Neuburgh Advisers LLC now owns 3,744 shares of the asset manager’s stock valued at $168,000 after purchasing an additional 768 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in Eaton Vance Corporation by 53.8% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,000 shares of the asset manager’s stock valued at $180,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 68.91% of the company’s stock.

Shares of Eaton Vance Corporation (EV) traded up 1.92% during midday trading on Monday, reaching $46.61. The company’s stock had a trading volume of 80,357 shares. Eaton Vance Corporation has a 12 month low of $34.44 and a 12 month high of $50.10. The stock’s 50-day moving average is $47.59 and its 200 day moving average is $46.38. The stock has a market capitalization of $5.19 billion, a P/E ratio of 20.27 and a beta of 1.85.

Eaton Vance Corporation (NYSE:EV) last posted its quarterly earnings data on Wednesday, August 23rd. The asset manager reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.67 by $0.05. Eaton Vance Corporation had a return on equity of 34.47% and a net margin of 18.03%. The business had revenue of $393.70 million for the quarter, compared to analyst estimates of $398.74 million. During the same period in the prior year, the firm posted $0.56 EPS. Eaton Vance Corporation’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, analysts expect that Eaton Vance Corporation will post $2.46 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were given a dividend of $0.28 per share. The ex-dividend date was Thursday, July 27th. This represents a $1.12 annualized dividend and a dividend yield of 2.45%. Eaton Vance Corporation’s dividend payout ratio is presently 48.70%.

In related news, insider Jeffrey P. Beale sold 39,343 shares of the business’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $48.30, for a total transaction of $1,900,266.90. Following the completion of the transaction, the insider now owns 343,509 shares of the company’s stock, valued at approximately $16,591,484.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frederick S. Marius sold 8,915 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $47.55, for a total value of $423,908.25. Following the transaction, the insider now directly owns 30,955 shares of the company’s stock, valued at approximately $1,471,910.25. The disclosure for this sale can be found here. Insiders have sold a total of 72,410 shares of company stock valued at $3,475,018 in the last three months.

WARNING: “Eaton Vance Corporation (EV) Position Maintained by Coastline Trust Co” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/09/11/eaton-vance-corporation-ev-position-maintained-by-coastline-trust-co.html.

A number of equities research analysts have weighed in on EV shares. BidaskClub lowered Eaton Vance Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. J P Morgan Chase & Co upgraded Eaton Vance Corporation from an “underweight” rating to a “neutral” rating and set a $48.00 price objective for the company in a research note on Thursday, August 24th. Credit Suisse Group raised their price objective on Eaton Vance Corporation from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, August 11th. Citigroup Inc. raised their price objective on Eaton Vance Corporation from $46.50 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, May 25th. Finally, Zacks Investment Research upgraded Eaton Vance Corporation from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Thursday, June 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $50.21.

Eaton Vance Corporation Company Profile

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.

Want to see what other hedge funds are holding EV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eaton Vance Corporation (NYSE:EV).

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

Receive News & Stock Ratings for Eaton Vance Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton Vance Corporation and related stocks with our FREE daily email newsletter.