New York State Common Retirement Fund raised its holdings in shares of Eaton Vance Corporation (NYSE:EV) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 518,500 shares of the asset manager’s stock after acquiring an additional 2,799 shares during the period. New York State Common Retirement Fund owned approximately 0.45% of Eaton Vance Corporation worth $24,535,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EV. World Asset Management Inc raised its position in shares of Eaton Vance Corporation by 16.4% during the 1st 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. raised its position in shares of Eaton Vance Corporation by 8.1% during the 1st 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 stake in shares of Eaton Vance Corporation during the 1st quarter valued at $2,162,000. Sei Investments Co. raised its position in shares of Eaton Vance Corporation by 1.6% during the 1st 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 raised its position in shares of Eaton Vance Corporation by 23.8% during the 1st 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 own 68.91% of the company’s stock.

Several brokerages have commented on EV. Jefferies Group LLC reiterated a “hold” rating and set a $46.00 target price on shares of Eaton Vance Corporation in a research report on Friday, August 18th. Zacks Investment Research cut shares of Eaton Vance Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. 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 target price (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 upped their price objective for the company from $52.00 to $54.50 in a research report on Monday, June 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $50.21.

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Eaton Vance Corporation (EV) opened at 49.11 on Thursday. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 21.35 and a beta of 1.85. The company has a 50-day moving average of $47.26 and a 200-day moving average of $46.38. Eaton Vance Corporation has a 52 week low of $34.44 and a 52 week high of $50.10.

Eaton Vance Corporation (NYSE:EV) last posted its quarterly earnings results 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). The company had revenue of $393.70 million during 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 company’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period last year, the firm posted $0.56 earnings per share. On average, equities analysts forecast that Eaton Vance Corporation will post $2.46 earnings per share for the current fiscal year.

In related news, CEO Matthew J. Witkos sold 46,844 shares of the business’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $48.39, for a total transaction of $2,266,781.16. Following the transaction, the chief executive officer now directly owns 234,169 shares in the company, valued at $11,331,437.91. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew J. Witkos sold 24,152 shares of the business’s stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $47.65, for a total transaction of $1,150,842.80. Following the transaction, the chief executive officer now owns 231,477 shares in the company, valued at $11,029,879.05. The disclosure for this sale can be found here. Over the last three months, insiders have sold 220,525 shares of company stock valued at $10,619,105.

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

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