Rafferty Asset Management LLC reduced its stake in Eaton Vance Corp. (NYSE:EV) by 24.0% during the second quarter, Holdings Channel reports. The firm owned 11,808 shares of the company’s stock after selling 3,739 shares during the period. Rafferty Asset Management LLC’s holdings in Eaton Vance Corp. were worth $417,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of EV. Norges Bank acquired a new stake in Eaton Vance Corp. during the fourth quarter valued at about $31,742,000. American Century Companies Inc. boosted its stake in Eaton Vance Corp. by 683.9% in the second quarter. American Century Companies Inc. now owns 1,020,561 shares of the company’s stock valued at $36,067,000 after buying an additional 890,365 shares in the last quarter. State Street Corp boosted its stake in Eaton Vance Corp. by 9.9% in the first quarter. State Street Corp now owns 9,593,020 shares of the company’s stock valued at $321,555,000 after buying an additional 866,198 shares in the last quarter. Smith Asset Management Group LP acquired a new stake in Eaton Vance Corp. during the second quarter valued at about $12,635,000. Finally, JPMorgan Chase & Co. boosted its stake in Eaton Vance Corp. by 24.7% in the first quarter. JPMorgan Chase & Co. now owns 1,393,494 shares of the company’s stock valued at $46,710,000 after buying an additional 275,913 shares in the last quarter. 70.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Eaton Vance Corp. (NYSE:EV) traded up 1.49% during trading on Monday, hitting $38.90. The stock had a trading volume of 278,231 shares. Eaton Vance Corp. has a 52-week low of $26.44 and a 52-week high of $40.36. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 18.68 and a beta of 1.70. The firm’s 50-day moving average is $38.88 and its 200 day moving average is $35.65.

Eaton Vance Corp. (NYSE:EV) last issued its quarterly earnings data on Wednesday, August 17th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.01. The business earned $341.20 million during the quarter. Eaton Vance Corp. had a return on equity of 39.06% and a net margin of 17.83%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the firm earned $0.57 EPS. On average, analysts expect that Eaton Vance Corp. will post $2.14 EPS for the current year.

Several research firms recently issued reports on EV. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Eaton Vance Corp. in a research report on Sunday, May 29th. Jefferies Group reiterated a “hold” rating on shares of Eaton Vance Corp. in a research report on Monday, August 1st. Zacks Investment Research cut Eaton Vance Corp. from a “hold” rating to a “sell” rating in a research report on Monday, May 23rd. Finally, Credit Suisse Group AG reiterated a “hold” rating and set a $37.00 target price on shares of Eaton Vance Corp. in a research report on Thursday, September 1st. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $37.54.

In related news, CEO Matthew J. Witkos sold 94,408 shares of the company’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $40.08, for a total value of $3,783,872.64. Following the completion of the transaction, the chief executive officer now owns 197,077 shares of the company’s stock, valued at approximately $7,898,846.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian D. Langstraat sold 38,012 shares of the company’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $39.79, for a total value of $1,512,497.48. Following the completion of the transaction, the director now directly owns 107,712 shares of the company’s stock, valued at approximately $4,285,860.48. The disclosure for this sale can be found here.

About Eaton Vance Corp.

Eaton Vance Corp. is engaged in business of managing investment funds and providing investment management and advisory services to individuals and institutions. The Company seeks to develop and sustain management expertise across a range of investment disciplines, and offer investment products and services through various distribution channels.

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