Eaton Vance Corp (NYSE:EV) Holdings Boosted by Sumitomo Mitsui Trust Holdings Inc.

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Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Eaton Vance Corp (NYSE:EV) by 0.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 489,773 shares of the asset manager’s stock after buying an additional 426 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Eaton Vance were worth $22,006,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EV. Venturi Wealth Management LLC grew its holdings in shares of Eaton Vance by 3.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 6,524 shares of the asset manager’s stock valued at $293,000 after acquiring an additional 221 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Eaton Vance by 1.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 20,194 shares of the asset manager’s stock valued at $870,000 after acquiring an additional 244 shares in the last quarter. Cordatus Wealth Management LLC grew its holdings in shares of Eaton Vance by 3.7% during the 2nd quarter. Cordatus Wealth Management LLC now owns 7,695 shares of the asset manager’s stock valued at $332,000 after acquiring an additional 274 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Eaton Vance by 1.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 28,982 shares of the asset manager’s stock valued at $1,249,000 after acquiring an additional 290 shares in the last quarter. Finally, Somerset Trust Co grew its holdings in shares of Eaton Vance by 1.9% during the 2nd quarter. Somerset Trust Co now owns 18,708 shares of the asset manager’s stock valued at $807,000 after acquiring an additional 346 shares in the last quarter. Hedge funds and other institutional investors own 70.89% of the company’s stock.

EV has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Eaton Vance from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Friday, August 30th. ValuEngine upgraded shares of Eaton Vance from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Credit Suisse Group boosted their price target on shares of Eaton Vance from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Eaton Vance from $44.00 to $42.00 and set an “underweight” rating on the stock in a report on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $43.57.

EV stock opened at $47.96 on Friday. The company has a current ratio of 11.85, a quick ratio of 11.85 and a debt-to-equity ratio of 1.98. Eaton Vance Corp has a 1 year low of $32.28 and a 1 year high of $48.58. The company has a fifty day simple moving average of $44.75 and a 200 day simple moving average of $42.60. The firm has a market cap of $5.39 billion, a PE ratio of 14.94, a PEG ratio of 2.46 and a beta of 1.56.

Eaton Vance (NYSE:EV) last released its quarterly earnings data on Tuesday, August 27th. The asset manager reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. Eaton Vance had a net margin of 23.51% and a return on equity of 35.45%. The business had revenue of $431.24 million during the quarter, compared to analyst estimates of $433.98 million. During the same quarter in the previous year, the business earned $0.82 EPS. Eaton Vance’s quarterly revenue was up .6% compared to the same quarter last year. As a group, analysts forecast that Eaton Vance Corp will post 3.4 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Wednesday, October 30th. This is a positive change from Eaton Vance’s previous quarterly dividend of $0.35. Eaton Vance’s payout ratio is presently 46.73%.

In related news, Director Brian D. Langstraat sold 3,743 shares of Eaton Vance stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $45.03, for a total value of $168,547.29. Also, CEO Thomas E. Faust, Jr. sold 54,577 shares of Eaton Vance stock in a transaction on Monday, October 28th. The shares were sold at an average price of $46.43, for a total transaction of $2,534,010.11. In the last ninety days, insiders sold 147,964 shares of company stock valued at $6,784,832.

Eaton Vance Profile

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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