Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Eaton Vance Corp (NYSE:EV) by 18.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 23,952 shares of the asset manager’s stock after purchasing an additional 3,781 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Eaton Vance were worth $772,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Eaton Vance during the 4th quarter worth about $44,784,000. Earnest Partners LLC lifted its position in Eaton Vance by 13.3% during the 4th quarter. Earnest Partners LLC now owns 1,973,987 shares of the asset manager’s stock worth $92,165,000 after buying an additional 231,216 shares in the last quarter. Janus Henderson Group PLC lifted its position in Eaton Vance by 13.4% during the 4th quarter. Janus Henderson Group PLC now owns 1,826,717 shares of the asset manager’s stock worth $85,290,000 after buying an additional 215,280 shares in the last quarter. Boston Trust Walden Corp lifted its position in Eaton Vance by 16.4% during the 1st quarter. Boston Trust Walden Corp now owns 1,092,054 shares of the asset manager’s stock worth $35,219,000 after buying an additional 154,020 shares in the last quarter. Finally, Credit Suisse AG lifted its position in Eaton Vance by 66.1% during the 4th quarter. Credit Suisse AG now owns 253,986 shares of the asset manager’s stock worth $11,859,000 after buying an additional 101,072 shares in the last quarter. 67.46% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently issued reports on the stock. Cfra reduced their price target on shares of Eaton Vance from $52.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday. Zacks Investment Research downgraded shares of Eaton Vance from a “hold” rating to a “sell” rating and set a $40.00 price target on the stock. in a research report on Tuesday, May 12th. Deutsche Bank upped their target price on shares of Eaton Vance from $36.00 to $37.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Bank of America upped their target price on shares of Eaton Vance from $34.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Citigroup cut their target price on shares of Eaton Vance from $50.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, March 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Eaton Vance has a consensus rating of “Hold” and a consensus target price of $38.38.

Eaton Vance stock opened at $35.91 on Friday. The company has a current ratio of 4.93, a quick ratio of 5.98 and a debt-to-equity ratio of 1.34. Eaton Vance Corp has a 1 year low of $23.59 and a 1 year high of $51.79. The company has a market cap of $3.97 billion, a PE ratio of 10.50, a PEG ratio of 1.83 and a beta of 1.51. The company’s 50-day moving average is $34.12 and its two-hundred day moving average is $42.00.

Eaton Vance (NYSE:EV) last announced its quarterly earnings results on Wednesday, May 20th. The asset manager reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.09. The business had revenue of $405.90 million for the quarter, compared to the consensus estimate of $421.55 million. Eaton Vance had a net margin of 22.48% and a return on equity of 32.92%. Eaton Vance’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. Research analysts forecast that Eaton Vance Corp will post 2.96 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were given a $0.375 dividend. The ex-dividend date was Wednesday, April 29th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.18%. Eaton Vance’s dividend payout ratio is 43.48%.

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.

Featured Story: Cost of Debt

Want to see what other hedge funds are holding EV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eaton Vance Corp (NYSE:EV).

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

Receive News & Ratings for Eaton Vance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton Vance and related companies with MarketBeat.com's FREE daily email newsletter.