43,853 Shares in Eaton Vance Corp (EV) Acquired by Cornerstone Capital Management Holdings LLC.
Cornerstone Capital Management Holdings LLC. purchased a new stake in Eaton Vance Corp (NYSE:EV) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 43,853 shares of the asset manager’s stock, valued at approximately $2,163,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EV. Benjamin F. Edwards & Company Inc. lifted 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 valued at $100,000 after acquiring an additional 1,653 shares during the period. Marshall Wace North America L.P. bought a new stake in shares of Eaton Vance during the 2nd quarter valued at $2,350,000. Pacer Advisors Inc. lifted its position in shares of Eaton Vance by 16.0% during the 2nd quarter. Pacer Advisors Inc. now owns 18,164 shares of the asset manager’s stock valued at $860,000 after acquiring an additional 2,503 shares during the period. Legal & General Group Plc lifted its position in shares of Eaton Vance by 12.9% during the 2nd quarter. Legal & General Group Plc now owns 210,367 shares of the asset manager’s stock valued at $9,956,000 after acquiring an additional 24,112 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Eaton Vance during the 2nd quarter valued at $2,181,000. Institutional investors and hedge funds own 68.73% of the company’s stock.
Eaton Vance Corp (NYSE:EV) opened at $57.04 on Thursday. The company has a current ratio of 1.85, a quick ratio of 5.74 and a debt-to-equity ratio of 0.01. Eaton Vance Corp has a fifty-two week low of $41.40 and a fifty-two week high of $57.71. The company has a market capitalization of $6,739.89, a price-to-earnings ratio of 23.11, a PEG ratio of 0.95 and a beta of 1.89.
In other news, insider Payson F. Swaffield sold 71,739 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $51.81, for a total transaction of $3,716,797.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dorothy E. Puhy sold 5,953 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $51.08, for a total value of $304,079.24. The disclosure for this sale can be found here. Insiders have sold a total of 559,833 shares of company stock valued at $28,073,360 in the last three months.
A number of research firms have recently weighed in on EV. Zacks Investment Research downgraded Eaton Vance from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Bank of America upped their target price on Eaton Vance from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $53.00 target price on shares of Eaton Vance in a research report on Friday, November 10th. ValuEngine upgraded Eaton Vance from a “hold” rating to a “buy” rating in a research report on Wednesday, November 22nd. Finally, Jefferies Group reiterated a “hold” rating and set a $46.00 target price on shares of Eaton Vance in a research report on Thursday, October 26th. One research 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 company has a consensus rating of “Hold” and a consensus target price 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.
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