Sumitomo Mitsui Asset Management Company LTD held its stake in shares of Eaton Vance Corporation (NYSE:EV) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 8,004 shares of the asset manager’s stock at the end of the second quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Eaton Vance Corporation were worth $378,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EV. Capital One National Association raised its stake in Eaton Vance Corporation by 10.4% in the second quarter. Capital One National Association now owns 44,547 shares of the asset manager’s stock valued at $2,108,000 after buying an additional 4,190 shares in the last quarter. HighTower Advisors LLC raised its stake in Eaton Vance Corporation by 4.5% in the first quarter. HighTower Advisors LLC now owns 166,598 shares of the asset manager’s stock valued at $7,426,000 after buying an additional 7,172 shares in the last quarter. CENTRAL TRUST Co raised its stake in 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 in the last quarter. Ameriprise Financial Inc. raised its stake in Eaton Vance Corporation by 13.9% in the first quarter. Ameriprise Financial Inc. now owns 577,224 shares of the asset manager’s stock valued at $25,953,000 after buying an additional 70,538 shares in the last quarter. Finally, UBS Group AG raised its stake in Eaton Vance Corporation by 22.9% in the first quarter. UBS Group AG now owns 132,230 shares of the asset manager’s stock valued at $5,945,000 after buying an additional 24,680 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Shares of Eaton Vance Corporation (NYSE:EV) opened at 47.32 on Friday. The company has a market capitalization of $5.24 billion, a P/E ratio of 20.75 and a beta of 1.84. The firm has a 50-day moving average price of $48.14 and a 200 day moving average price of $45.82. Eaton Vance Corporation has a 12-month low of $34.44 and a 12-month high of $50.10.

Eaton Vance Corporation (NYSE:EV) last released its quarterly earnings data on Wednesday, May 24th. The asset manager reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. The business had revenue of $374.60 million during the quarter, compared to analyst estimates 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 revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS. On average, equities research analysts predict that Eaton Vance Corporation will post $2.55 earnings per share for the current year.

The firm also recently declared 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 is Thursday, July 27th. This represents a $1.12 annualized dividend and a dividend yield of 2.37%. Eaton Vance Corporation’s dividend payout ratio is presently 49.34%.

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EV has been the topic of several research reports. Citigroup Inc. lifted their price target on Eaton Vance Corporation from $46.50 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, May 25th. Zacks Investment Research raised Eaton Vance Corporation from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Thursday, June 8th. Bank of America Corporation boosted their target price on Eaton Vance Corporation from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, May 25th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $50.00 target price on shares of Eaton Vance Corporation in a report on Tuesday, May 23rd. Finally, Jefferies Group LLC boosted their target price on Eaton Vance Corporation from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, May 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $49.93.

In related news, Director Dorothy E. Puhy sold 2,563 shares of Eaton Vance Corporation stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $48.46, for a total value of $124,202.98. Following the completion of the transaction, the director now owns 14,473 shares in the company, valued at approximately $701,361.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Winthrop H. Smith, Jr. sold 21,885 shares of Eaton Vance Corporation stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $48.03, for a total value of $1,051,136.55. Following the completion of the transaction, the director now owns 15,420 shares of the company’s stock, valued at approximately $740,622.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 127,943 shares of company stock valued at $6,149,649.

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.

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

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