Eaton Vance Corporation (NYSE:EV) Insider Payson F. Swaffield Sells 71,739 Shares

Eaton Vance Corporation (NYSE:EV) insider Payson F. Swaffield sold 71,739 shares of Eaton Vance Corporation 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Eaton Vance Corporation (NYSE:EV) traded up $0.31 during midday trading on Friday, hitting $50.96. 452,100 shares of the company’s stock traded hands, compared to its average volume of 611,327. The stock has a market cap of $5,883.66, a price-to-earnings ratio of 21.65, a P/E/G ratio of 0.97 and a beta of 1.86. Eaton Vance Corporation has a 52 week low of $37.72 and a 52 week high of $52.36. The company has a quick ratio of 5.74, a current ratio of 5.74 and a debt-to-equity ratio of 0.69.

Eaton Vance Corporation (NYSE:EV) last issued its earnings results on Wednesday, August 23rd. The asset manager reported $0.62 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.05). The company had revenue of $393.70 million for the quarter, compared to analysts’ expectations of $398.74 million. Eaton Vance Corporation had a return on equity of 34.47% and a net margin of 18.03%. Eaton Vance Corporation’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 earnings per share. equities research analysts forecast that Eaton Vance Corporation will post 2.48 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.31 per share. This is a positive change from Eaton Vance Corporation’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Monday, October 30th. Eaton Vance Corporation’s payout ratio is presently 53.91%.

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Hedge funds and other institutional investors have recently modified their holdings of the business. OppenheimerFunds Inc. boosted its position in shares of Eaton Vance Corporation by 5.9% in the 1st quarter. OppenheimerFunds Inc. now owns 7,136 shares of the asset manager’s stock worth $321,000 after buying an additional 399 shares in the last quarter. FMR LLC boosted its position in shares of Eaton Vance Corporation by 45.9% in the 1st quarter. FMR LLC now owns 249,204 shares of the asset manager’s stock worth $11,204,000 after buying an additional 78,420 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Eaton Vance Corporation by 1.6% in the 1st quarter. Teachers Advisors LLC now owns 148,048 shares of the asset manager’s stock worth $6,656,000 after buying an additional 2,389 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Eaton Vance Corporation in the 1st quarter worth about $217,000. Finally, Vanguard Group Inc. boosted its position in shares of Eaton Vance Corporation by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 10,398,957 shares of the asset manager’s stock worth $467,537,000 after buying an additional 600,222 shares in the last quarter. Institutional investors own 68.31% of the company’s stock.

Several equities analysts have issued reports on EV shares. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $53.00 price objective on shares of Eaton Vance Corporation in a research note on Friday. Credit Suisse Group boosted 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 note on Friday, August 11th. Bank of America Corporation boosted their price objective on shares of Eaton Vance Corporation from $49.00 to $51.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Jefferies Group LLC reissued a “hold” rating and issued a $46.00 price objective on shares of Eaton Vance Corporation in a research note on Thursday, October 26th. Finally, Zacks Investment Research raised shares of Eaton Vance Corporation from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $52.06.

Eaton Vance Corporation 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.

Insider Buying and Selling by Quarter for Eaton Vance Corporation (NYSE:EV)

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