Hall Capital Management Co. Inc. reduced its holdings in shares of Eaton Vance Corporation (NYSE:EV) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,650 shares of the asset manager’s stock after selling 100 shares during the period. Hall Capital Management Co. Inc.’s holdings in Eaton Vance Corporation were worth $315,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of EV. World Asset Management Inc grew its position in Eaton Vance Corporation by 16.4% during the first quarter. World Asset Management Inc now owns 8,016 shares of the asset manager’s stock valued at $360,000 after acquiring an additional 1,132 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in Eaton Vance Corporation by 8.1% during the first quarter. UBS Asset Management Americas Inc. now owns 265,923 shares of the asset manager’s stock valued at $11,956,000 after acquiring an additional 19,906 shares during the last quarter. Karp Capital Management Corp bought a new position in Eaton Vance Corporation during the first quarter valued at approximately $2,162,000. Sei Investments Co. grew its position in Eaton Vance Corporation by 1.6% during the first quarter. Sei Investments Co. now owns 40,485 shares of the asset manager’s stock valued at $1,820,000 after acquiring an additional 621 shares during the last quarter. Finally, State of Wisconsin Investment Board grew its position in Eaton Vance Corporation by 23.8% during the first quarter. State of Wisconsin Investment Board now owns 73,909 shares of the asset manager’s stock valued at $3,323,000 after acquiring an additional 14,189 shares during the last quarter. Institutional investors and hedge funds own 68.91% of the company’s stock.

Eaton Vance Corporation (EV) traded up 0.55% during mid-day trading on Thursday, hitting $49.38. The stock had a trading volume of 457,954 shares. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 21.47 and a beta of 1.85. 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 price is $47.26 and its 200-day moving average price is $46.38.

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

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In other Eaton Vance Corporation news, CEO Matthew J. Witkos sold 46,844 shares of the company’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $48.39, for a total value of $2,266,781.16. Following the transaction, the chief executive officer now owns 234,169 shares of the company’s stock, valued at approximately $11,331,437.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leo I. Higdon, Jr. sold 6,865 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $48.08, for a total value of $330,069.20. Following the completion of the transaction, the director now directly owns 11,626 shares in the company, valued at approximately $558,978.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 220,525 shares of company stock worth $10,619,105.

A number of research analysts have commented on the stock. BidaskClub cut 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 reiterated an “underweight” rating and set a $47.00 price target (up from $40.00) on shares of Eaton Vance Corporation in a research report on Tuesday, June 6th. Zacks Investment Research upgraded shares of Eaton Vance Corporation from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Thursday, June 8th. Citigroup Inc. upgraded shares of Eaton Vance Corporation from a “neutral” rating to a “buy” rating and increased their price target for the company from $52.00 to $54.50 in a research report on Monday, June 5th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $45.00 price target on shares of Eaton Vance Corporation in a research report on Wednesday, June 28th. One equities research 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. The stock presently has an average rating of “Hold” and a consensus price target of $50.21.

Eaton Vance Corporation 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.

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

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