Pacer Advisors Inc. lifted its position in shares of Eaton Vance Corporation (NYSE:EV) by 11.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,223 shares of the asset manager’s stock after purchasing an additional 2,059 shares during the period. Pacer Advisors Inc.’s holdings in Eaton Vance Corporation were worth $998,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Teachers Advisors LLC increased its stake in Eaton Vance Corporation by 1.6% in the first quarter. Teachers Advisors LLC now owns 148,048 shares of the asset manager’s stock valued at $6,656,000 after purchasing an additional 2,389 shares during the period. Capstone Asset Management Co. increased its stake in shares of Eaton Vance Corporation by 1.9% during the second quarter. Capstone Asset Management Co. now owns 10,975 shares of the asset manager’s stock worth $519,000 after acquiring an additional 200 shares during the period. Bank of Montreal Can increased its stake in shares of Eaton Vance Corporation by 1.7% during the second quarter. Bank of Montreal Can now owns 72,055 shares of the asset manager’s stock worth $3,409,000 after acquiring an additional 1,213 shares during the period. Creative Planning increased its stake in shares of Eaton Vance Corporation by 3.3% during the second quarter. Creative Planning now owns 5,098 shares of the asset manager’s stock worth $241,000 after acquiring an additional 163 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of Eaton Vance Corporation by 514.3% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 18,600 shares of the asset manager’s stock worth $880,000 after acquiring an additional 15,572 shares during the period. 69.49% of the stock is owned by institutional investors and hedge funds.

EV has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Eaton Vance Corporation from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Thursday, November 2nd. Deutsche Bank AG initiated coverage on shares of Eaton Vance Corporation in a research note on Tuesday, October 17th. They set a “buy” rating and a $57.00 price target on the stock. ValuEngine upgraded shares of Eaton Vance Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday. Jefferies Group LLC restated a “hold” rating and set a $46.00 target price on shares of Eaton Vance Corporation in a research report on Friday, August 18th. Finally, Keefe, Bruyette & Woods restated 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 investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $52.06.

In related news, 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 transaction of $423,908.25. Following the completion of the sale, the insider now directly owns 30,955 shares of the company’s stock, valued at approximately $1,471,910.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Frederick S. Marius sold 7,574 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $47.99, for a total transaction of $363,476.26. Following the sale, the insider now directly owns 26,128 shares of the company’s stock, valued at $1,253,882.72. The disclosure for this sale can be found here. Insiders have sold 596,037 shares of company stock valued at $29,808,641 in the last ninety days.

Shares of Eaton Vance Corporation (NYSE:EV) opened at $52.61 on Friday. Eaton Vance Corporation has a fifty-two week low of $39.93 and a fifty-two week high of $53.30. The stock has a market cap of $6,255.77, a PE ratio of 21.45, a price-to-earnings-growth ratio of 1.01 and a beta of 1.86. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.85 and a quick ratio of 5.74.

Eaton Vance Corporation (NYSE:EV) last announced its quarterly earnings results on Tuesday, November 21st. The asset manager reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.01). The business had revenue of $405.70 million during the quarter, compared to analysts’ expectations of $407.75 million. Eaton Vance Corporation had a net margin of 18.45% and a return on equity of 33.45%. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period last year, the company earned $0.57 EPS. equities research analysts expect that Eaton Vance Corporation will post 3 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a dividend of $0.31 per share. This is a positive change from Eaton Vance Corporation’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.24 annualized dividend and a yield of 2.36%. Eaton Vance Corporation’s dividend payout ratio is 51.24%.

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Eaton Vance Corporation 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.

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

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