Vident Investment Advisory LLC increased its position in Eaton Vance Corp (NYSE:EV) by 332.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 47,836 shares of the asset manager’s stock after buying an additional 36,772 shares during the quarter. Vident Investment Advisory LLC’s holdings in Eaton Vance were worth $2,497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in EV. Point72 Asset Management L.P. boosted its stake in Eaton Vance by 56.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 35,000 shares of the asset manager’s stock worth $1,827,000 after purchasing an additional 12,600 shares during the period. Bank of America Corp DE boosted its stake in Eaton Vance by 3.0% in the 2nd quarter. Bank of America Corp DE now owns 793,544 shares of the asset manager’s stock worth $41,416,000 after purchasing an additional 22,755 shares during the period. Capital Fund Management S.A. bought a new position in Eaton Vance in the 2nd quarter worth approximately $5,621,000. Natixis bought a new position in Eaton Vance in the 2nd quarter worth approximately $300,000. Finally, Voya Investment Management LLC boosted its stake in Eaton Vance by 20.1% in the 2nd quarter. Voya Investment Management LLC now owns 60,832 shares of the asset manager’s stock worth $3,175,000 after purchasing an additional 10,201 shares during the period. 68.05% of the stock is owned by institutional investors.

EV stock opened at $53.13 on Friday. The company has a quick ratio of 8.05, a current ratio of 8.35 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 0.87 and a beta of 1.62. Eaton Vance Corp has a 1-year low of $47.02 and a 1-year high of $60.95.

Eaton Vance (NYSE:EV) last posted its earnings results on Wednesday, August 29th. The asset manager reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. The firm had revenue of $430.60 million during the quarter, compared to the consensus estimate of $430.11 million. Eaton Vance had a return on equity of 34.91% and a net margin of 21.44%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 EPS. sell-side analysts expect that Eaton Vance Corp will post 3.21 EPS for the current fiscal year.

Several research analysts have weighed in on the company. Citigroup dropped their price target on Eaton Vance from $62.00 to $60.50 and set a “buy” rating for the company in a research note on Thursday, August 30th. Zacks Investment Research downgraded Eaton Vance from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. ValuEngine downgraded Eaton Vance from a “buy” rating to a “hold” rating in a research note on Wednesday, May 23rd. Finally, Credit Suisse Group upped their price target on Eaton Vance from $57.00 to $61.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Eaton Vance currently has an average rating of “Hold” and an average target price of $58.44.

About Eaton Vance

Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in the United States. It also provides investment management and counseling services to institutions and individuals. Further, the company operates as an adviser and distributor of investment companies and separate accounts.

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

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