KAMES CAPITAL plc Has $2.06 Million Position in Eaton Vance Corp (EV)

KAMES CAPITAL plc decreased its position in shares of Eaton Vance Corp (NYSE:EV) by 8.0% in the fourth quarter, Holdings Channel reports. The fund owned 36,562 shares of the asset manager’s stock after selling 3,183 shares during the quarter. KAMES CAPITAL plc’s holdings in Eaton Vance were worth $2,061,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. WFG Advisors LP increased its stake in Eaton Vance by 0.6% during the 2nd quarter. WFG Advisors LP now owns 2,337 shares of the asset manager’s stock valued at $111,000 after purchasing an additional 14 shares in the last quarter. Advisor Group Inc. increased its stake in Eaton Vance by 1.0% during the 2nd quarter. Advisor Group Inc. now owns 4,782 shares of the asset manager’s stock valued at $225,000 after purchasing an additional 47 shares in the last quarter. Prudential Financial Inc. increased its stake in Eaton Vance by 0.3% during the 2nd quarter. Prudential Financial Inc. now owns 92,632 shares of the asset manager’s stock valued at $4,383,000 after purchasing an additional 280 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in Eaton Vance by 1.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 34,453 shares of the asset manager’s stock valued at $1,630,000 after purchasing an additional 620 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in Eaton Vance by 2.8% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 25,950 shares of the asset manager’s stock valued at $1,228,000 after purchasing an additional 700 shares in the last quarter. 68.73% of the stock is owned by institutional investors.

Shares of Eaton Vance Corp (NYSE:EV) opened at $60.45 on Friday. The firm has a market cap of $7,083.49, a price-to-earnings ratio of 24.98, a PEG ratio of 0.90 and a beta of 1.90. The company has a quick ratio of 5.44, a current ratio of 5.44 and a debt-to-equity ratio of 0.62. Eaton Vance Corp has a 52 week low of $41.40 and a 52 week high of $60.85.

Eaton Vance (NYSE:EV) last released its quarterly earnings results on Tuesday, November 21st. The asset manager reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.01). The firm had revenue of $405.70 million for the quarter, compared to analyst estimates of $407.75 million. Eaton Vance had a net margin of 18.45% and a return on equity of 33.45%. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 EPS. research analysts forecast that Eaton Vance Corp will post 3.28 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.24 annualized dividend and a yield of 2.05%. Eaton Vance’s dividend payout ratio is presently 51.24%.

EV has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Eaton Vance from a “buy” rating to a “hold” rating in a research note on Monday, November 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $53.00 price objective on shares of Eaton Vance in a research note on Friday, November 10th. Jefferies Group reiterated a “hold” rating and issued a $46.00 price objective on shares of Eaton Vance in a research note on Thursday, October 26th. ValuEngine upgraded shares of Eaton Vance from a “hold” rating to a “buy” rating in a research note on Wednesday, November 22nd. Finally, Bank of America increased their price objective on shares of Eaton Vance from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $52.06.

In other Eaton Vance news, CEO Thomas E. Faust, Jr. sold 72,314 shares of the stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $51.05, for a total transaction of $3,691,629.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Dorothy E. Puhy sold 5,953 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $51.08, for a total transaction of $304,079.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 174,146 shares of company stock worth $8,952,337.

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About Eaton Vance

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

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