Eaton Vance Corp (EV) CEO Matthew J. Witkos Sells 25,000 Shares

Eaton Vance Corp (NYSE:EV) CEO Matthew J. Witkos sold 25,000 shares of Eaton Vance stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $60.35, for a total transaction of $1,508,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Eaton Vance Corp (NYSE:EV) traded down $0.73 during mid-day trading on Tuesday, reaching $59.72. 598,788 shares of the company traded hands, compared to its average volume of 608,909. The company has a quick ratio of 5.44, a current ratio of 5.44 and a debt-to-equity ratio of 0.62. Eaton Vance Corp has a 1 year low of $41.40 and a 1 year high of $60.87. The company has a market cap of $7,160.00, a PE ratio of 24.68, a PEG ratio of 0.91 and a beta of 1.90.

Eaton Vance (NYSE:EV) last posted its quarterly earnings data on Tuesday, November 21st. The asset manager reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.01). Eaton Vance had a return on equity of 33.45% and a net margin of 18.45%. The company had revenue of $405.70 million during the quarter, compared to the consensus estimate of $407.75 million. During the same quarter last year, the firm earned $0.57 EPS. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. equities research analysts anticipate that Eaton Vance Corp will post 3.28 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.08%. The ex-dividend date is Tuesday, January 30th. Eaton Vance’s dividend payout ratio (DPR) is presently 51.24%.

A number of hedge funds have recently bought and sold shares of EV. Janus Henderson Group PLC grew its holdings in Eaton Vance by 13,411.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,557,593 shares of the asset manager’s stock worth $73,705,000 after acquiring an additional 1,546,065 shares during the period. Bank of New York Mellon Corp grew its holdings in Eaton Vance by 33.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,421,942 shares of the asset manager’s stock worth $218,311,000 after acquiring an additional 1,113,748 shares during the period. Junto Capital Management LP acquired a new stake in Eaton Vance during the 2nd quarter worth $33,813,000. Balyasny Asset Management LLC grew its holdings in Eaton Vance by 579.4% during the 2nd quarter. Balyasny Asset Management LLC now owns 239,882 shares of the asset manager’s stock worth $11,351,000 after acquiring an additional 204,575 shares during the period. Finally, Old Mutual Global Investors UK Ltd. grew its holdings in Eaton Vance by 46.7% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 509,947 shares of the asset manager’s stock worth $25,176,000 after acquiring an additional 162,436 shares during the period. Hedge funds and other institutional investors own 68.73% of the company’s stock.

A number of research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Eaton Vance from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research cut shares of Eaton Vance from a “buy” rating to a “hold” rating in a research note on Monday, November 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $53.00 target price on shares of Eaton Vance in a research note on Friday, November 10th. Bank of America lifted their target price on shares of Eaton Vance from $49.00 to $51.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Finally, Jefferies Group restated a “hold” rating and issued a $46.00 price objective on shares of Eaton Vance in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Eaton Vance has an average rating of “Hold” and an average price target of $52.06.

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About Eaton Vance

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 (NYSE:EV)

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