Rhumbline Advisers Increases Position in Eaton Vance Corp (EV)

Rhumbline Advisers increased its holdings in shares of Eaton Vance Corp (NYSE:EV) by 0.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 334,504 shares of the asset manager’s stock after purchasing an additional 1,342 shares during the period. Rhumbline Advisers’ holdings in Eaton Vance were worth $13,484,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in EV. Intercontinental Wealth Advisors LLC purchased a new position in Eaton Vance in the 4th quarter valued at about $25,000. Essex Savings Bank purchased a new position in Eaton Vance in the 4th quarter valued at about $25,000. Lindbrook Capital LLC purchased a new position in Eaton Vance in the 4th quarter valued at about $31,000. Quadrant Capital Group LLC boosted its position in Eaton Vance by 295.2% in the 1st quarter. Quadrant Capital Group LLC now owns 913 shares of the asset manager’s stock valued at $33,000 after buying an additional 682 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Eaton Vance by 3,313.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,189,498 shares of the asset manager’s stock valued at $62,000 after buying an additional 2,125,364 shares during the last quarter. 70.37% of the stock is owned by hedge funds and other institutional investors.

EV has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Eaton Vance from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Wednesday, February 6th. ValuEngine cut shares of Eaton Vance from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Eaton Vance presently has a consensus rating of “Hold” and a consensus target price of $42.00.

In other news, Director Brian D. Langstraat sold 7,740 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $41.76, for a total transaction of $323,222.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of EV stock opened at $38.08 on Thursday. The company has a current ratio of 13.48, a quick ratio of 13.48 and a debt-to-equity ratio of 1.43. Eaton Vance Corp has a one year low of $32.28 and a one year high of $58.54. The stock has a market cap of $4.40 billion, a PE ratio of 11.86, a P/E/G ratio of 1.54 and a beta of 1.60.

Eaton Vance (NYSE:EV) last issued its quarterly earnings results on Tuesday, February 26th. The asset manager reported $0.73 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.01). Eaton Vance had a return on equity of 35.03% and a net margin of 23.16%. The company had revenue of $406.42 million for the quarter, compared to the consensus estimate of $421.97 million. During the same period in the previous year, the business posted $0.78 EPS. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. As a group, analysts anticipate that Eaton Vance Corp will post 3.15 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.40 annualized dividend and a dividend yield of 3.68%. Eaton Vance’s payout ratio is 43.61%.

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Eaton Vance Company 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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