Vanguard Group Inc. boosted its holdings in shares of Eaton Vance Corporation (NYSE:EV) by 1.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,523,293 shares of the asset manager’s stock after acquiring an additional 124,336 shares during the quarter. Vanguard Group Inc. owned about 9.15% of Eaton Vance Corporation worth $497,962,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of EV. UBS Asset Management Americas Inc. boosted its stake in Eaton Vance Corporation by 8.1% during the first quarter. UBS Asset Management Americas Inc. now owns 265,923 shares of the asset manager’s stock worth $11,956,000 after buying an additional 19,906 shares during the period. Sei Investments Co. increased its position in shares of Eaton Vance Corporation by 1.6% during the first quarter. Sei Investments Co. now owns 40,485 shares of the asset manager’s stock valued at $1,820,000 after acquiring an additional 621 shares during the last quarter. State of Wisconsin Investment Board increased its position in shares of Eaton Vance Corporation by 23.8% during the first quarter. State of Wisconsin Investment Board now owns 73,909 shares of the asset manager’s stock valued at $3,323,000 after acquiring an additional 14,189 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Eaton Vance Corporation by 0.4% during the first quarter. Envestnet Asset Management Inc. now owns 25,708 shares of the asset manager’s stock valued at $1,157,000 after acquiring an additional 114 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Eaton Vance Corporation by 131.9% during the first quarter. Nordea Investment Management AB now owns 3,341 shares of the asset manager’s stock valued at $150,000 after acquiring an additional 1,900 shares during the last quarter. 68.91% of the stock is owned by institutional investors.

Eaton Vance Corporation (EV) opened at 50.34 on Wednesday. Eaton Vance Corporation has a 1-year low of $34.44 and a 1-year high of $50.36. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 21.89 and a beta of 1.84. The stock has a 50 day moving average of $47.48 and a 200 day moving average of $46.56.

Eaton Vance Corporation (NYSE:EV) last announced its quarterly earnings results on Wednesday, August 23rd. The asset manager reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.05). The firm had revenue of $393.70 million for the quarter, compared to analyst estimates of $398.74 million. Eaton Vance Corporation had a return on equity of 34.47% and a net margin of 18.03%. The business’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.56 earnings per share. Equities analysts expect that Eaton Vance Corporation will post $2.46 earnings per share for the current year.

In related news, Director Dorothy E. Puhy sold 6,495 shares of Eaton Vance Corporation stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $49.38, for a total transaction of $320,723.10. Following the transaction, the director now owns 18,775 shares in the company, valued at approximately $927,109.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Beale sold 39,343 shares of Eaton Vance Corporation 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 transaction, the insider now owns 343,509 shares in the company, valued at approximately $16,591,484.70. The disclosure for this sale can be found here. Insiders sold a total of 323,566 shares of company stock worth $15,717,753 over the last ninety days.

A number of research firms have recently issued reports on EV. BidaskClub lowered shares of Eaton Vance Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th. J P Morgan Chase & Co reaffirmed an “underweight” rating and set a $47.00 price objective (up previously from $40.00) on shares of Eaton Vance Corporation in a research report on Tuesday, June 6th. Zacks Investment Research upgraded shares of Eaton Vance Corporation from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Thursday, June 8th. Jefferies Group LLC reiterated a “hold” rating and issued a $45.00 target price on shares of Eaton Vance Corporation in a report on Wednesday, June 28th. Finally, Credit Suisse Group boosted their target price on Eaton Vance Corporation from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $50.21.

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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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