BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in shares of Eaton Vance Corp (NYSE:EV) by 27.8% in the first quarter, HoldingsChannel.com reports. The firm owned 21,472 shares of the asset manager’s stock after selling 8,260 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Eaton Vance were worth $866,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Eaton Vance by 0.5% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 495,919 shares of the asset manager’s stock worth $19,990,000 after buying an additional 2,638 shares during the last quarter. American Financial Network Advisory Services LLC boosted its stake in Eaton Vance by 16.5% during the first quarter. American Financial Network Advisory Services LLC now owns 10,572 shares of the asset manager’s stock worth $422,000 after buying an additional 1,494 shares during the last quarter. Great Lakes Advisors LLC boosted its stake in Eaton Vance by 3.8% during the first quarter. Great Lakes Advisors LLC now owns 38,657 shares of the asset manager’s stock worth $1,558,000 after buying an additional 1,421 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Eaton Vance by 0.6% during the first quarter. Oregon Public Employees Retirement Fund now owns 62,620 shares of the asset manager’s stock worth $2,524,000 after buying an additional 383 shares during the last quarter. Finally, Cordatus Wealth Management LLC boosted its stake in Eaton Vance by 25.8% during the first quarter. Cordatus Wealth Management LLC now owns 7,421 shares of the asset manager’s stock worth $299,000 after buying an additional 1,522 shares during the last quarter. 70.23% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Brian D. Langstraat sold 7,740 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $41.76, for a total value of $323,222.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

EV has been the topic of a number of recent research reports. Zacks Investment Research raised Eaton Vance from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Wednesday, February 6th. ValuEngine lowered Eaton Vance from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Finally, Bank of America lowered Eaton Vance from a “buy” rating to an “underperform” rating in a research note on Monday, May 20th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $41.86.

Shares of Eaton Vance stock opened at $38.22 on Monday. Eaton Vance Corp has a 52 week low of $32.28 and a 52 week high of $57.05. The firm has a market capitalization of $4.45 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 2.16 and a beta of 1.56. The company has a current ratio of 6.56, a quick ratio of 13.48 and a debt-to-equity ratio of 1.49.

Eaton Vance (NYSE:EV) last announced its quarterly earnings results on Tuesday, May 21st. The asset manager reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.13. Eaton Vance had a return on equity of 35.53% and a net margin of 23.50%. The business had revenue of $411.86 million for the quarter, compared to analyst estimates of $411.42 million. During the same quarter in the prior year, the company posted $0.77 EPS. The company’s quarterly revenue was down .2% on a year-over-year basis. Equities analysts forecast that Eaton Vance Corp will post 3.33 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend was Monday, April 29th. Eaton Vance’s dividend payout ratio (DPR) is presently 43.61%.

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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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