Shares of Eaton Vance Corporation (NYSE:EV) have been given an average rating of “Hold” by the eight research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $49.25.

A number of research firms have recently commented on EV. J P Morgan Chase & Co reaffirmed an “underweight” rating and set a $47.00 target price (up previously from $40.00) on shares of Eaton Vance Corporation in a research note on Tuesday, June 6th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $50.00 target price on shares of Eaton Vance Corporation in a research note on Tuesday, May 23rd. Zacks Investment Research cut Eaton Vance Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Credit Suisse Group AG upped their target price on Eaton Vance Corporation from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Citigroup Inc. upped their target price on Eaton Vance Corporation from $46.50 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, May 25th.

Eaton Vance Corporation (NYSE:EV) traded down 0.5115% during midday trading on Tuesday, reaching $48.1425. The company’s stock had a trading volume of 135,763 shares. Eaton Vance Corporation has a 12-month low of $34.44 and a 12-month high of $50.10. The firm has a market cap of $5.33 billion, a price-to-earnings ratio of 21.1059 and a beta of 1.84. The company’s 50-day moving average is $48.18 and its 200 day moving average is $45.89.

Eaton Vance Corporation (NYSE:EV) last released its earnings results on Wednesday, May 24th. The asset manager reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $374.60 million for the quarter, compared to analysts’ expectations of $373.28 million. Eaton Vance Corporation had a return on equity of 36.63% and a net margin of 18.39%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 earnings per share. Equities analysts forecast that Eaton Vance Corporation will post $2.55 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.12 annualized dividend and a yield of 2.31%. Eaton Vance Corporation’s dividend payout ratio (DPR) is currently 49.34%.

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In related news, Director Dorothy E. Puhy sold 2,563 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $48.46, for a total value of $124,202.98. Following the transaction, the director now owns 14,473 shares of the company’s stock, valued at $701,361.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew J. Witkos sold 40,000 shares of the stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $48.08, for a total value of $1,923,200.00. Following the completion of the transaction, the chief executive officer now directly owns 243,688 shares in the company, valued at approximately $11,716,519.04. The disclosure for this sale can be found here. In the last three months, insiders sold 127,943 shares of company stock worth $6,149,649.

A number of hedge funds and other institutional investors have recently made changes to their positions in EV. TrimTabs Asset Management LLC boosted its position in shares of Eaton Vance Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,705 shares of the asset manager’s stock valued at $122,000 after buying an additional 1,272 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in shares of Eaton Vance Corporation by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,028 shares of the asset manager’s stock valued at $127,000 after buying an additional 148 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Eaton Vance Corporation by 20.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,901 shares of the asset manager’s stock valued at $130,000 after buying an additional 501 shares during the period. CENTRAL TRUST Co boosted its position in shares of Eaton Vance Corporation by 6,356.9% in the first quarter. CENTRAL TRUST Co now owns 3,293 shares of the asset manager’s stock valued at $148,000 after buying an additional 3,242 shares during the period. Finally, Nordea Investment Management AB boosted its position in shares of Eaton Vance Corporation by 131.9% in the first quarter. Nordea Investment Management AB now owns 3,341 shares of the asset manager’s stock valued at $150,000 after buying an additional 1,900 shares during the period. 71.01% of the stock is currently owned by institutional investors.

Eaton Vance Corporation Company Profile

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.

Analyst Recommendations for Eaton Vance Corporation (NYSE:EV)

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