Thrivent Financial For Lutherans lowered its stake in shares of Eaton Vance Corporation (NYSE:EV) by 90.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,160 shares of the asset manager’s stock after selling 230,320 shares during the period. Thrivent Financial For Lutherans’ holdings in Eaton Vance Corporation were worth $1,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its position in shares of Eaton Vance Corporation by 131.9% during 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 during the last quarter. Pacad Investment Ltd. bought a new stake in shares of Eaton Vance Corporation during the second quarter valued at approximately $166,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Eaton Vance Corporation by 53.8% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,000 shares of the asset manager’s stock valued at $180,000 after buying an additional 1,400 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Eaton Vance Corporation by 44.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,197 shares of the asset manager’s stock valued at $199,000 after buying an additional 1,296 shares during the last quarter. Finally, Stephens Inc. AR bought a new stake in shares of Eaton Vance Corporation during the first quarter valued at approximately $208,000. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Eaton Vance Corporation (NYSE EV) opened at 49.91 on Friday. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 21.70 and a beta of 1.84. The company has a 50 day moving average of $47.59 and a 200-day moving average of $46.61. Eaton Vance Corporation has a 12-month low of $34.44 and a 12-month high of $50.40.

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

EV has been the topic of several recent analyst reports. BidaskClub cut shares of Eaton Vance Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. J P Morgan Chase & Co upgraded shares of Eaton Vance Corporation from an “underweight” rating to a “neutral” rating and set a $48.00 price objective on the stock in a research report on Thursday, August 24th. Jefferies Group LLC reiterated a “hold” rating and set a $46.00 price objective 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. Finally, Credit Suisse Group AG lifted their price objective on shares of Eaton Vance Corporation from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, six have given 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 price target of $49.58.

In related news, insider Frederick S. Marius sold 7,574 shares of the stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $47.99, for a total value of $363,476.26. Following the completion of the transaction, the insider now directly owns 26,128 shares of the company’s stock, valued at approximately $1,253,882.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Frederick S. Marius sold 8,915 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $47.55, for a total value of $423,908.25. Following the completion of the transaction, the insider now directly owns 30,955 shares of the company’s stock, valued at $1,471,910.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 357,246 shares of company stock valued at $17,439,425.

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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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