Fiera Capital Corp held its position in shares of Eaton Vance Corporation (NYSE:EV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,825 shares of the asset manager’s stock at the end of the 2nd quarter. Fiera Capital Corp’s holdings in Eaton Vance Corporation were worth $843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB raised its position 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 valued at $150,000 after purchasing an additional 1,900 shares during the period. Pacad Investment Ltd. purchased a new position in Eaton Vance Corporation during the second quarter valued at approximately $166,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in Eaton Vance Corporation by 53.8% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,000 shares of the asset manager’s stock valued at $180,000 after acquiring an additional 1,400 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Eaton Vance Corporation by 44.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,197 shares of the asset manager’s stock valued at $199,000 after acquiring an additional 1,296 shares in the last quarter. Finally, Probity Advisors Inc. purchased a new position in Eaton Vance Corporation during the first quarter valued at approximately $204,000. 68.91% of the stock is currently owned by institutional investors.
Eaton Vance Corporation (NYSE:EV) opened at 47.84 on Wednesday. The stock has a market cap of $5.36 billion, a PE ratio of 20.80 and a beta of 1.85. Eaton Vance Corporation has a 1-year low of $34.44 and a 1-year high of $50.10. The firm has a 50-day moving average of $47.26 and a 200-day moving average of $46.38.
Eaton Vance Corporation (NYSE:EV) last announced its quarterly earnings data on Wednesday, August 23rd. The asset manager reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). Eaton Vance Corporation had a net margin of 18.03% and a return on equity of 34.47%. The company had revenue of $393.70 million for the quarter, compared to analysts’ expectations of $398.74 million. During the same period last year, the business earned $0.56 earnings per share. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. Analysts expect that Eaton Vance Corporation will post $2.46 EPS for the current fiscal year.
Several equities analysts recently commented on EV shares. Zacks Investment Research raised shares of Eaton Vance Corporation from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Thursday, June 8th. Citigroup Inc. raised shares of Eaton Vance Corporation from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $52.00 to $54.50 in a research note on Monday, June 5th. Jefferies Group LLC reaffirmed a “hold” rating and set a $45.00 price objective on shares of Eaton Vance Corporation in a research note on Wednesday, June 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $50.00 price objective on shares of Eaton Vance Corporation in a research note on Tuesday, May 23rd. Finally, Credit Suisse Group boosted their price objective on shares of Eaton Vance Corporation from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $50.21.
In related news, CEO Matthew J. Witkos sold 24,152 shares of the firm’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $47.65, for a total value of $1,150,842.80. Following the completion of the transaction, the chief executive officer now directly owns 231,477 shares of the company’s stock, valued at $11,029,879.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Beale sold 39,343 shares of the firm’s stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $48.30, for a total transaction of $1,900,266.90. Following the completion of the transaction, the insider now directly owns 343,509 shares of the company’s stock, valued at $16,591,484.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,410 shares of company stock valued at $3,475,018.
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Eaton Vance Corporation 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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