Retirement Systems of Alabama boosted its position in shares of Eaton Vance Corporation (NYSE:EV) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,230 shares of the asset manager’s stock after buying an additional 60 shares during the period. Retirement Systems of Alabama’s holdings in Eaton Vance Corporation were worth $7,014,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. TrimTabs Asset Management LLC raised its stake 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 worth $122,000 after buying an additional 1,272 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake 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 worth $127,000 after buying an additional 148 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake 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 worth $130,000 after buying an additional 501 shares during the last quarter. CENTRAL TRUST Co raised 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 last quarter. Finally, Nordea Investment Management AB raised its stake 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 worth $150,000 after buying an additional 1,900 shares during the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Eaton Vance Corporation (NYSE EV) opened at 48.39 on Tuesday. The stock’s 50 day moving average price is $48.18 and its 200-day moving average price is $45.89. Eaton Vance Corporation has a 12 month low of $34.44 and a 12 month high of $50.10. The company has a market capitalization of $5.36 billion, a P/E ratio of 21.21 and a beta of 1.84.

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

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

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EV has been the topic of a number of recent research reports. Zacks Investment Research raised Eaton Vance Corporation from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Thursday, June 8th. Citigroup Inc. raised Eaton Vance Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $52.00 to $54.50 in a research note on Monday, June 5th. Jefferies Group LLC reissued a “hold” rating and set a $45.00 price target on shares of Eaton Vance Corporation in a research note on Wednesday, June 28th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $50.00 price target on shares of Eaton Vance Corporation in a research note on Tuesday, May 23rd. Finally, Bank of America Corporation lifted their price target on Eaton Vance Corporation from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $49.93.

In related news, Director Winthrop H. Smith, Jr. sold 21,885 shares of the stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $48.03, for a total transaction of $1,051,136.55. Following the completion of the sale, the director now directly owns 15,420 shares in the company, valued at approximately $740,622.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey P. Beale sold 39,343 shares of the stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $48.30, for a total value of $1,900,266.90. Following the sale, the insider now owns 343,509 shares of the company’s stock, valued at $16,591,484.70. The disclosure for this sale can be found here. Insiders sold a total of 127,943 shares of company stock valued at $6,149,649 over the last quarter.

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.

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

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