Legal & General Group Plc Has $8.37 Million Stake in Eaton Vance Corporation (EV)

Legal & General Group Plc increased its position in Eaton Vance Corporation (NYSE:EV) by 26.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 186,255 shares of the asset manager’s stock after buying an additional 39,420 shares during the period. Legal & General Group Plc owned approximately 0.17% of Eaton Vance Corporation worth $8,374,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of EV. TrimTabs Asset Management LLC boosted its stake in shares of Eaton Vance Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,705 shares of the asset manager’s stock worth $122,000 after buying an additional 1,272 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Eaton Vance Corporation by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,028 shares of the asset manager’s stock worth $127,000 after buying an additional 148 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Eaton Vance Corporation by 20.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,901 shares of the asset manager’s stock worth $130,000 after buying an additional 501 shares during the last quarter. CENTRAL TRUST Co boosted its stake in shares of Eaton Vance Corporation by 6,356.9% in the first quarter. CENTRAL TRUST Co now owns 3,293 shares of the asset manager’s stock worth $148,000 after buying an additional 3,242 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Eaton Vance Corporation by 131.9% in the first quarter. Nordea Investment Management AB now owns 3,341 shares of the asset manager’s stock worth $150,000 after buying an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 71.02% of the company’s stock.

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

Eaton Vance Corporation (EV) opened at 46.97 on Friday. The stock has a 50 day moving average price of $46.30 and a 200-day moving average price of $44.40. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 20.59 and a beta of 1.86. Eaton Vance Corporation has a 1-year low of $32.97 and a 1-year high of $49.03.

Eaton Vance Corporation (NYSE:EV) last released its quarterly earnings data on Wednesday, May 24th. The asset manager reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. The business had revenue of $374.60 million during the quarter, compared to analyst estimates of $373.28 million. Eaton Vance Corporation had a return on equity of 36.63% and a net margin of 18.39%. The company’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS. On average, equities research analysts forecast that Eaton Vance Corporation will post $2.54 EPS for the current year.

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EV has been the subject of a number of analyst reports. Zacks Investment Research upgraded Eaton Vance Corporation from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Thursday, June 8th. Citigroup Inc. upgraded Eaton Vance Corporation from a “neutral” rating to a “buy” rating and upped their price target for the stock from $52.00 to $54.50 in a research report on Monday, June 5th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $50.00 price target on shares of Eaton Vance Corporation in a research report on Tuesday, May 23rd. Jefferies Group LLC upped their price target on Eaton Vance Corporation from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, May 22nd. Finally, Bank of America Corporation upped their price target on Eaton Vance Corporation from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, May 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $48.07.

In other Eaton Vance Corporation news, CEO Matthew J. Witkos sold 40,000 shares of Eaton Vance Corporation stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $48.08, for a total transaction of $1,923,200.00. Following the completion of the transaction, the chief executive officer now owns 243,688 shares in the company, valued at approximately $11,716,519.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Winthrop H. Smith, Jr. sold 21,885 shares of Eaton Vance Corporation stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $48.03, for a total value of $1,051,136.55. Following the transaction, the director now owns 15,420 shares of the company’s stock, valued at approximately $740,622.60. The disclosure for this sale can be found here. Insiders have sold a total of 64,448 shares of company stock valued at $3,098,540 in the last quarter.

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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