Eaton Vance Corp (EV) Holdings Boosted by Unigestion Holding SA

Unigestion Holding SA boosted its holdings in shares of Eaton Vance Corp (NYSE:EV) by 364.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,968 shares of the asset manager’s stock after buying an additional 21,940 shares during the quarter. Unigestion Holding SA’s holdings in Eaton Vance were worth $1,470,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EV. Cerebellum GP LLC increased its position in Eaton Vance by 525.0% during the third quarter. Cerebellum GP LLC now owns 3,325 shares of the asset manager’s stock worth $175,000 after buying an additional 2,793 shares during the last quarter. Sit Investment Associates Inc. increased its position in Eaton Vance by 44.3% during the second quarter. Sit Investment Associates Inc. now owns 3,500 shares of the asset manager’s stock worth $183,000 after buying an additional 1,075 shares during the last quarter. Korea Investment CORP acquired a new position in Eaton Vance during the second quarter worth approximately $193,000. Daiwa SB Investments Ltd. acquired a new position in Eaton Vance during the third quarter worth approximately $200,000. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in Eaton Vance during the second quarter worth approximately $227,000. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

Eaton Vance stock opened at $43.97 on Monday. Eaton Vance Corp has a 12 month low of $42.16 and a 12 month high of $60.95. The company has a debt-to-equity ratio of 1.14, a quick ratio of 8.35 and a current ratio of 8.35. The company has a market capitalization of $5.22 billion, a PE ratio of 17.73, a PEG ratio of 0.65 and a beta of 1.65.

Eaton Vance (NYSE:EV) last issued its quarterly earnings results on Wednesday, August 29th. The asset manager reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. The business had revenue of $430.60 million during the quarter, compared to analysts’ expectations of $430.11 million. Eaton Vance had a return on equity of 34.91% and a net margin of 21.44%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 earnings per share. On average, analysts anticipate that Eaton Vance Corp will post 3.2 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be paid a $0.35 dividend. This is a boost from Eaton Vance’s previous quarterly dividend of $0.31. This represents a $1.40 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Tuesday, October 30th. Eaton Vance’s payout ratio is 56.45%.

Several equities analysts have recently commented on EV shares. Zacks Investment Research downgraded Eaton Vance from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. Citigroup decreased their target price on Eaton Vance from $62.00 to $60.50 and set a “buy” rating on the stock in a research report on Thursday, August 30th. ValuEngine downgraded Eaton Vance from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. Finally, Deutsche Bank decreased their target price on Eaton Vance from $64.00 to $63.00 and set a “buy” rating on the stock in a research report on Thursday, September 27th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $60.07.

In related news, Director Leo I. Higdon, Jr. sold 5,943 shares of the business’s stock in a transaction that occurred on Tuesday, October 23rd. The stock was sold at an average price of $43.97, for a total value of $261,313.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian D. Langstraat sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, October 11th. The shares were sold at an average price of $47.50, for a total value of $617,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 149,984 shares of company stock valued at $6,618,100.

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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.

Further Reading: The risks of owning bonds

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

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