Maltese Capital Management LLC acquired a new stake in Eaton Vance Corp (NYSE:EV) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,000 shares of the asset manager’s stock, valued at approximately $987,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. boosted its stake 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 last quarter. WFG Advisors LP boosted its stake 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 last quarter. Pacad Investment Ltd. acquired a new stake in shares of Eaton Vance during the 2nd quarter worth about $166,000. CIBC Asset Management Inc acquired a new stake in shares of Eaton Vance during the 3rd quarter worth about $200,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 purchasing an additional 1,296 shares during the last quarter. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Dorothy E. Puhy sold 5,953 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $51.08, for a total value of $304,079.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Frederick S. Marius sold 7,574 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $47.99, for a total transaction of $363,476.26. Following the completion of the transaction, the insider now owns 26,128 shares in the company, valued at approximately $1,253,882.72. The disclosure for this sale can be found here. Insiders sold 587,122 shares of company stock worth $29,384,733 in the last 90 days.

Shares of Eaton Vance Corp (EV) traded up $0.38 during mid-day trading on Friday, hitting $56.84. 384,810 shares of the stock traded hands, compared to its average volume of 595,254. The stock has a market cap of $6,666.68, a price-to-earnings ratio of 22.86, a P/E/G ratio of 0.94 and a beta of 1.89. Eaton Vance Corp has a 1-year low of $41.08 and a 1-year high of $56.87. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.74 and a current ratio of 1.85.

Eaton Vance (NYSE:EV) last announced its quarterly earnings data on Tuesday, November 21st. The asset manager reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.01). The company had revenue of $405.70 million for the quarter, compared to analysts’ expectations of $407.75 million. Eaton Vance had a return on equity of 33.45% and a net margin of 18.45%. The company’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 earnings per share. equities analysts expect that Eaton Vance Corp will post 2.98 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were issued a $0.31 dividend. This is a positive change from Eaton Vance’s previous quarterly dividend of $0.28. The ex-dividend date was Monday, October 30th. This represents a $1.24 annualized dividend and a yield of 2.18%. Eaton Vance’s dividend payout ratio (DPR) is presently 51.24%.

Several equities research analysts have issued reports on the stock. Credit Suisse Group raised their price target on shares of Eaton Vance from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, August 11th. ValuEngine upgraded shares of Eaton Vance from a “hold” rating to a “buy” rating in a report on Wednesday, November 22nd. Deutsche Bank initiated coverage on shares of Eaton Vance in a report on Tuesday, October 17th. They set a “buy” rating and a $57.00 price objective on the stock. Jefferies Group reiterated a “hold” rating and set a $46.00 price objective on shares of Eaton Vance in a report on Friday, August 18th. Finally, J P Morgan Chase & Co upgraded shares of Eaton Vance from an “underweight” rating to a “neutral” rating and set a $48.00 price objective on the stock in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $52.06.

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Eaton Vance 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.

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

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