Natixis acquired a new position in Eaton Vance Corp (NYSE:EV) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,756 shares of the asset manager’s stock, valued at approximately $300,000.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Eaton Vance by 2.8% during the first quarter. BlackRock Inc. now owns 11,609,315 shares of the asset manager’s stock worth $646,292,000 after buying an additional 311,638 shares during the last quarter. Lord Abbett & CO. LLC boosted its holdings in Eaton Vance by 89.2% during the first quarter. Lord Abbett & CO. LLC now owns 536,400 shares of the asset manager’s stock worth $29,861,000 after buying an additional 252,900 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Eaton Vance by 11.7% during the second quarter. Janus Henderson Group PLC now owns 2,145,962 shares of the asset manager’s stock worth $111,998,000 after buying an additional 224,463 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Eaton Vance by 3.9% during the second quarter. Wells Fargo & Company MN now owns 5,254,672 shares of the asset manager’s stock worth $274,240,000 after buying an additional 195,599 shares during the last quarter. Finally, Dai Ichi Life Insurance Company Ltd bought a new position in Eaton Vance during the second quarter worth about $8,813,000. Hedge funds and other institutional investors own 68.40% of the company’s stock.

NYSE:EV opened at $54.04 on Monday. Eaton Vance Corp has a fifty-two week low of $47.99 and a fifty-two week high of $60.95. The company has a current ratio of 8.35, a quick ratio of 8.35 and a debt-to-equity ratio of 1.14. The stock has a market cap of $6.38 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 0.91 and a beta of 1.62.

Eaton Vance (NYSE:EV) last released its quarterly earnings data on Wednesday, August 29th. The asset manager reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.01. Eaton Vance had a return on equity of 34.91% and a net margin of 21.44%. The business had revenue of $430.60 million for the quarter, compared to analysts’ expectations of $430.11 million. During the same quarter in the previous year, the business posted $0.62 EPS. Eaton Vance’s revenue for the quarter was up 9.4% on a year-over-year basis. equities analysts expect that Eaton Vance Corp will post 3.21 EPS for the current fiscal year.

A number of equities analysts have issued reports on EV shares. Citigroup reduced their target price on Eaton Vance from $65.50 to $62.00 and set a “buy” rating on the stock in a report on Thursday, May 31st. Zacks Investment Research upgraded Eaton Vance from a “sell” rating to a “hold” rating in a report on Monday, July 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $58.44.

Eaton Vance Company Profile

Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in the United States. It also provides investment management and counseling services to institutions and individuals. Further, the company operates as an adviser and distributor of investment companies and separate accounts.

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

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