Eaton Vance Corporation (NYSE:EV) had its price target hoisted by stock analysts at Credit Suisse Group from $46.00 to $50.00 in a research note issued to investors on Friday. The brokerage presently has a “neutral” rating on the asset manager’s stock. Credit Suisse Group’s price objective would indicate a potential upside of 6.02% from the company’s current price.

EV has been the topic of a number of other research reports. 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 report 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 report on Tuesday, May 23rd. Zacks Investment Research lowered shares of Eaton Vance Corporation from a “buy” rating to a “hold” rating in a report on Tuesday. Citigroup Inc. upped their target price on shares of Eaton Vance Corporation from $46.50 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, May 25th. Finally, Bank of America Corporation upped their target price on shares of Eaton Vance Corporation from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Eaton Vance Corporation presently has a consensus rating of “Hold” and a consensus price target of $49.93.

Shares of Eaton Vance Corporation (NYSE:EV) traded up 0.36% on Friday, reaching $47.33. 268,153 shares of the company were exchanged. Eaton Vance Corporation has a 12-month low of $34.44 and a 12-month high of $50.10. The stock has a market capitalization of $5.24 billion, a PE ratio of 20.75 and a beta of 1.84. The firm has a 50 day moving average price of $48.15 and a 200-day moving average price of $45.79.

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

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In other news, Director Dorothy E. Puhy sold 2,563 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $48.46, for a total value of $124,202.98. Following the completion of the sale, the director now owns 14,473 shares of the company’s stock, valued at approximately $701,361.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Beale sold 39,343 shares of the company’s stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $48.30, for a total transaction of $1,900,266.90. Following the completion of the sale, the insider now directly owns 343,509 shares of the company’s stock, valued at approximately $16,591,484.70. The disclosure for this sale can be found here. Insiders sold a total of 127,943 shares of company stock worth $6,149,649 in the last three months.

Several large investors have recently made changes to their positions in the stock. Teachers Advisors LLC boosted its stake in shares of Eaton Vance Corporation by 1.9% in the fourth quarter. Teachers Advisors LLC now owns 145,659 shares of the asset manager’s stock worth $6,100,000 after buying an additional 2,732 shares during the period. CENTRAL TRUST Co boosted its stake 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 worth $148,000 after buying an additional 3,242 shares during the period. Gulf International Bank UK Ltd boosted its stake in shares of Eaton Vance Corporation by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 35,686 shares of the asset manager’s stock worth $1,604,000 after buying an additional 400 shares during the period. Bank of Montreal Can boosted its stake in shares of Eaton Vance Corporation by 1.0% in the first quarter. Bank of Montreal Can now owns 70,842 shares of the asset manager’s stock worth $3,185,000 after buying an additional 703 shares during the period. Finally, Capstone Asset Management Co. boosted its stake in shares of Eaton Vance Corporation by 2.5% in the first quarter. Capstone Asset Management Co. now owns 10,775 shares of the asset manager’s stock worth $484,000 after buying an additional 260 shares during the period. 71.20% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Eaton Vance Corporation (NYSE:EV)

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