November 29, 2016 - By Vivian Park · 0 Comments
Eaton Vance Corp (NYSE:EV) institutional sentiment decreased to 1.07 in 2016 Q2. Its down -0.29, from 1.36 in 2016Q1. The ratio dropped, as 141 investment professionals increased or started new equity positions, while 104 sold and decreased holdings in Eaton Vance Corp. The investment professionals in our partner’s database now have: 79.14 million shares, down from 80.33 million shares in 2016Q1. Also, the number of investment professionals holding Eaton Vance Corp in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 22 Reduced: 82 Increased: 104 New Position: 37.
Eaton Vance Corp. is engaged in business of managing investment funds and providing investment management and advisory services to individuals and institutions. The company has a market cap of $4.49 billion. The Firm seeks to develop and sustain management expertise across a range of investment disciplines, and offer investment services and products through various distribution channels. It has a 19.38 P/E ratio. It operates in the investment adviser segment managing funds and separate accounts.
About 524,022 shares traded hands. Eaton Vance Corp (NYSE:EV) has risen 11.43% since April 26, 2016 and is uptrending. It has outperformed by 6.17% the S&P500.
According to Zacks Investment Research, “Eaton Vance Corp.’s principal business is creating, marketing and managing investment funds and providing investment management and counseling services to institutions and individuals.The Company conducts its investment management and counseling business through two wholly-owned subsidiaries, Eaton Vance Management and Boston Management and Research.The Company’s growth has resulted from its ability to develop, offer successfully and manage effectively new funds and to increase the assets of existing Eaton Vance Funds.”
Junto Capital Management Lp holds 2.84% of its portfolio in Eaton Vance Corp for 513,973 shares. Capital Management Corp Va owns 165,626 shares or 2.27% of their US portfolio. Moreover, Herndon Capital Management Llc has 1.91% invested in the company for 1.41 million shares. The Michigan-based Jlb & Associates Inc has invested 1.5% in the stock. Wade G W & Inc, a Massachusetts-based fund reported 173,192 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 7 selling transactions for $17.30 million net activity.
Ratings analysis reveals 13% of Eaton Vance Corp.’s analysts are positive. Out of 8 Wall Street analysts rating Eaton Vance Corp., 1 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $30 while the high is $50. The stock’s average target of $38.88 is -3.55% below today’s ($40.31) share price. EV was included in 22 notes of analysts from July 21, 2015. Wood maintained Eaton Vance Corp (NYSE:EV) rating on Friday, May 27. Wood has “Market Perform” rating and $38 price target. Susquehanna downgraded the stock to “Neutral” rating in Tuesday, November 3 report. The company was upgraded on Tuesday, January 19 by Susquehanna. The firm has “Neutral” rating by Credit Suisse given on Tuesday, July 21. The firm has “Outperform” rating given on Wednesday, September 9 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Wednesday, November 25 with “Outperform”. The company was maintained on Friday, August 19 by Keefe Bruyette & Woods. The firm earned “Hold” rating on Tuesday, August 16 by Jefferies. Jefferies maintained Eaton Vance Corp (NYSE:EV) on Wednesday, October 7 with “Hold” rating. The rating was maintained by Wood on Thursday, September 3 with “Market Perform”.
Eaton Vance Corp., incorporated on January 29, 1981, is managing investment funds and providing investment management and advisory services to institutions and high-net-worth individuals. The Firm develops and sustains management expertise across a range of investment disciplines and offers investment services and products through multiple distribution channels. Through its subsidiaries Eaton Vance Management (EVM) and Atlanta Capital Management, LLC (Atlanta Capital) and other affiliates, the Company manages active equity, income and alternative strategies across a range of investment styles and asset classes, including U.S. and global equities, floating-rate bank loans, municipal bonds, global income, high-yield and investment grade bonds. Through its subsidiary Parametric Portfolio Associates LLC (Parametric), the Company manages a range of engineered alpha strategies, including systematic equity, systematic alternatives and managed options strategies, and provides portfolio implementation services, including tax-managed core and specialty index strategies, futures- and options portfolio overlay, and centralized portfolio management of multi-manager portfolios. The Firm also oversees the management of investment funds sub-advised by third-party managers, including global, regional and sector equity, commodity and asset allocation strategies. The Firm offers a range of services and products to fund shareholders, retail managed account investors, institutional investors and high-net-worth clients. The Firm distributes funds and separately managed accounts through financial intermediaries in the advisory channel. The Firm reaches this market place with distribution partners including national and regional broker-dealers, independent broker-dealers, independent advisory firms, banks and insurance companies. The Firm supports these distribution partners with a team of approximately 135 sales professionals covering U.S. and international markets.
More notable recent Eaton Vance Corp (NYSE:EV) news were published by: Prnewswire.com which released: “Eaton Vance Corp. Report for the Three Months and Fiscal Year Ended October 31 …” on November 22, 2016, also Bostonglobe.com with their article: “Eaton Vance Corp. agrees to buy assets of Calvert Investment Management” published on October 21, 2016, Prnewswire.com published: “Eaton Vance Bolsters Presence in Singapore” on September 29, 2016. More interesting news about Eaton Vance Corp (NYSE:EV) were released by: Barrons.com and their article: “Eaton Vance Buys Calvert” published on November 05, 2016 as well as Wsj.com‘s news article titled: “Eaton Vance’s Profit Falls 4.3% on Weaker Fees” with publication date: August 17, 2016.
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By Vivian Park