Eaton Vance Corporation (NYSE:EV) – Equities researchers at Jefferies Group issued their FY2019 earnings per share (EPS) estimates for shares of Eaton Vance Corporation in a report released on Wednesday. Jefferies Group analyst D. Fannon anticipates that the asset manager will post earnings per share of $3.18 for the year. Jefferies Group has a “Hold” rating and a $46.00 price target on the stock.

EV has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Eaton Vance Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Credit Suisse Group increased their target price on shares of Eaton Vance Corporation from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, August 11th. J P Morgan Chase & Co raised shares of Eaton Vance Corporation from an “underweight” rating to a “neutral” rating and set a $48.00 target price for the company in a research report on Thursday, August 24th. BidaskClub downgraded shares of Eaton Vance Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $53.00 target price on shares of Eaton Vance Corporation in a research report on Friday, November 10th. 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 company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $52.06.

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Eaton Vance Corporation (NYSE:EV) traded up $0.29 during trading hours on Friday, reaching $51.79. 407,402 shares of the company’s stock were exchanged, compared to its average volume of 609,911. The firm has a market cap of $6,040.00, a P/E ratio of 21.93, a PEG ratio of 0.98 and a beta of 1.85. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.74 and a quick ratio of 5.74. Eaton Vance Corporation has a twelve month low of $38.98 and a twelve month high of $52.36.

Eaton Vance Corporation (NYSE:EV) last issued its quarterly earnings data on Wednesday, August 23rd. The asset manager reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The business had revenue of $393.70 million during the quarter, compared to the consensus estimate of $398.74 million. Eaton Vance Corporation had a net margin of 18.03% and a return on equity of 34.47%. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.56 EPS.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a $0.31 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.24 annualized dividend and a yield of 2.39%. This is an increase from Eaton Vance Corporation’s previous quarterly dividend of $0.28. Eaton Vance Corporation’s dividend payout ratio (DPR) is presently 53.91%.

In other Eaton Vance Corporation news, CEO Thomas E. Faust, Jr. sold 73,982 shares of the firm’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $48.20, for a total transaction of $3,565,932.40. Following the transaction, the chief executive officer now directly owns 2,697,576 shares in the company, valued at approximately $130,023,163.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Frederick S. Marius sold 8,915 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $47.55, for a total value of $423,908.25. Following the transaction, the insider now owns 30,955 shares in the company, valued at $1,471,910.25. The disclosure for this sale can be found here. In the last three months, insiders sold 596,037 shares of company stock valued at $29,808,641.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its stake in shares of Eaton Vance Corporation by 437.3% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 2,031 shares of the asset manager’s stock worth $100,000 after purchasing an additional 1,653 shares during the period. WFG Advisors LP raised its stake in shares of Eaton Vance Corporation by 0.6% during the 2nd quarter. WFG Advisors LP now owns 2,337 shares of the asset manager’s stock worth $111,000 after purchasing an additional 14 shares during the period. Pacad Investment Ltd. bought a new stake in shares of Eaton Vance Corporation during the 2nd quarter worth $166,000. CIBC Asset Management Inc bought a new stake in shares of Eaton Vance Corporation during the 3rd quarter worth $200,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Eaton Vance Corporation by 44.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,197 shares of the asset manager’s stock worth $199,000 after purchasing an additional 1,296 shares during the period. Institutional investors own 69.20% of the company’s stock.

About Eaton Vance Corporation

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.

Earnings History and Estimates for Eaton Vance Corporation (NYSE:EV)

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