Fayez Sarofim & Co. held its position in shares of Eaton Vance Corporation (NYSE:EV) during the third quarter, Holdings Channel reports. The firm owned 5,160,000 shares of the company’s stock at the end of the third quarter. Eaton Vance Corporation comprises approximately 1.1% of Fayez Sarofim & Co.’s investment portfolio, making the stock its 28th largest position. Fayez Sarofim & Co.’s holdings in Eaton Vance Corporation were worth $201,498,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the stock. BlackRock Fund Advisors boosted its position in Eaton Vance Corporation by 4.3% in the third quarter. BlackRock Fund Advisors now owns 4,424,891 shares of the company’s stock valued at $172,792,000 after buying an additional 182,574 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Eaton Vance Corporation by 1.2% in the third quarter. Bank of New York Mellon Corp now owns 1,435,515 shares of the company’s stock valued at $56,057,000 after buying an additional 16,959 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Eaton Vance Corporation by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 851,016 shares of the company’s stock valued at $30,071,000 after buying an additional 7,896 shares in the last quarter. Schroder Investment Management Group boosted its position in Eaton Vance Corporation by 56.8% in the third quarter. Schroder Investment Management Group now owns 800,635 shares of the company’s stock valued at $31,265,000 after buying an additional 289,896 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in Eaton Vance Corporation by 8.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 527,241 shares of the company’s stock valued at $18,633,000 after buying an additional 40,428 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.
Shares of Eaton Vance Corporation (NYSE:EV) traded up 0.2332% on Monday, reaching $43.0201. 102,543 shares of the company traded hands. The stock has a 50-day moving average price of $42.70 and a 200 day moving average price of $39.86. The firm has a market capitalization of $4.72 billion, a P/E ratio of 20.2925 and a beta of 1.79. Eaton Vance Corporation has a 1-year low of $26.98 and a 1-year high of $44.00.
Eaton Vance Corporation (NYSE:EV) last released its earnings results on Tuesday, November 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.02. Eaton Vance Corporation had a return on equity of 38.30% and a net margin of 17.97%. The business had revenue of $346.85 million for the quarter, compared to analysts’ expectations of $341.46 million. During the same period in the previous year, the company earned $0.53 EPS. Eaton Vance Corporation’s quarterly revenue was up 1.6% compared to the same quarter last year. Analysts anticipate that Eaton Vance Corporation will post $2.43 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Tuesday, January 31st will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Friday, January 27th. Eaton Vance Corporation’s payout ratio is 53.33%.
“Eaton Vance Corporation (EV) Position Held by Fayez Sarofim & Co.” was originally reported by sleekmoney and is the sole property of of sleekmoney. If you are reading this piece on another site, it was copied illegally and republished in violation of international copyright and trademark laws. The original version of this piece can be accessed at http://sleekmoney.com/eaton-vance-corporation-ev-position-held-by-fayez-sarofim-co/1658264.html.
Several equities analysts have commented on EV shares. Zacks Investment Research raised shares of Eaton Vance Corporation from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Tuesday, January 24th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $37.00 price target on shares of Eaton Vance Corporation in a report on Wednesday, November 23rd. Citigroup Inc. reaffirmed a “neutral” rating on shares of Eaton Vance Corporation in a report on Sunday, October 23rd. Finally, J P Morgan Chase & Co reaffirmed an “underweight” rating on shares of Eaton Vance Corporation in a report on Thursday, January 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Eaton Vance Corporation has a consensus rating of “Hold” and an average target price of $38.48.
In related news, insider Frederick S. Marius sold 45,893 shares of the company’s stock in a transaction dated Wednesday, January 25th. The shares were sold at an average price of $43.71, for a total value of $2,005,983.03. Following the completion of the sale, the insider now owns 35,042 shares of the company’s stock, valued at $1,531,685.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Winthrop H. Smith, Jr. sold 5,943 shares of the company’s stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $42.19, for a total transaction of $250,735.17. Following the completion of the sale, the director now directly owns 14,943 shares of the company’s stock, valued at approximately $630,445.17. The disclosure for this sale can be found here. Insiders have sold 196,344 shares of company stock valued at $8,443,701 in the last ninety days.
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.
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 Corporation (NYSE:EV).
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/eaton-vance-corporation-ev-position-held-by-fayez-sarofim-co/1658264.html
Receive News & Ratings for Eaton Vance Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton Vance Corporation and related companies with MarketBeat.com's FREE daily email newsletter.