Northeast Investment Management decreased its position in Eaton Vance Corporation (NYSE:EV) by 7.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,070 shares of the asset manager’s stock after selling 5,913 shares during the period. Northeast Investment Management owned 0.07% of Eaton Vance worth $3,854,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. boosted its position in shares of Eaton Vance by 437.3% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 2,031 shares of the asset manager’s stock worth $100,000 after purchasing an additional 1,653 shares during the period. WFG Advisors LP boosted its position in shares of Eaton Vance by 0.6% during the 2nd quarter. WFG Advisors LP now owns 2,337 shares of the asset manager’s stock worth $111,000 after purchasing an additional 14 shares during the period. Pacad Investment Ltd. acquired a new stake in Eaton Vance during the 2nd quarter worth approximately $166,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Eaton Vance by 44.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,197 shares of the asset manager’s stock worth $199,000 after buying an additional 1,296 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in Eaton Vance during the 3rd quarter worth approximately $200,000. 69.14% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on EV shares. BidaskClub lowered shares of Eaton Vance from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Zacks Investment Research upgraded shares of Eaton Vance from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Thursday, November 2nd. J P Morgan Chase & Co upgraded shares of Eaton Vance from an “underweight” rating to a “neutral” rating and set a $48.00 target price on the stock in a report on Thursday, August 24th. Credit Suisse Group increased their target price on shares of Eaton Vance from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, August 11th. Finally, Deutsche Bank initiated coverage on shares of Eaton Vance in a report on Tuesday, October 17th. They issued a “buy” rating and a $57.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $52.06.

Eaton Vance Corporation (NYSE EV) traded up $0.99 during midday trading on Tuesday, hitting $56.48. 709,600 shares of the company were exchanged, compared to its average volume of 615,101. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.85 and a quick ratio of 5.74. The stock has a market cap of $6,590.00, a P/E ratio of 22.47, a price-to-earnings-growth ratio of 1.00 and a beta of 1.89. Eaton Vance Corporation has a 1 year low of $40.45 and a 1 year high of $56.74.

Eaton Vance (NYSE:EV) last posted its earnings results on Tuesday, November 21st. The asset manager reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.01). The company had revenue of $405.70 million during the quarter, compared to analysts’ expectations of $407.75 million. Eaton Vance had a net margin of 18.45% and a return on equity of 33.45%. The company’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period last year, the business earned $0.57 earnings per share. equities analysts expect that Eaton Vance Corporation will post 2.96 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.20%. This is an increase from Eaton Vance’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, October 30th. Eaton Vance’s dividend payout ratio (DPR) is 51.24%.

In other Eaton Vance news, insider Payson F. Swaffield sold 71,739 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $51.81, for a total transaction of $3,716,797.59. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Dorothy E. Puhy sold 5,953 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $51.08, for a total transaction of $304,079.24. The disclosure for this sale can be found here. Insiders sold a total of 587,122 shares of company stock worth $29,384,733 over the last ninety days.

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Eaton Vance 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.

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

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