Chicago Equity Partners LLC Sells 8,080 Shares of Eaton Vance Corporation (EV)

Chicago Equity Partners LLC lowered its holdings in Eaton Vance Corporation (NYSE:EV) by 24.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,155 shares of the asset manager’s stock after selling 8,080 shares during the period. Chicago Equity Partners LLC’s holdings in Eaton Vance Corporation were worth $1,242,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EV. Janus Henderson Group PLC boosted its holdings in Eaton Vance Corporation by 13,411.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,557,593 shares of the asset manager’s stock valued at $73,705,000 after purchasing an additional 1,546,065 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Eaton Vance Corporation by 34.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,308,194 shares of the asset manager’s stock worth $156,544,000 after acquiring an additional 844,813 shares during the period. Junto Capital Management LP bought a new stake in shares of Eaton Vance Corporation during the 2nd quarter worth approximately $33,813,000. Old Mutual Global Investors UK Ltd. lifted its holdings in shares of Eaton Vance Corporation by 177.5% during the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 347,511 shares of the asset manager’s stock worth $16,444,000 after acquiring an additional 222,268 shares during the period. Finally, Balyasny Asset Management LLC lifted its holdings in shares of Eaton Vance Corporation by 579.4% during the 2nd quarter. Balyasny Asset Management LLC now owns 239,882 shares of the asset manager’s stock worth $11,351,000 after acquiring an additional 204,575 shares during the period. 69.20% of the stock is owned by hedge funds and other institutional investors.

EV has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Eaton Vance Corporation from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Thursday, November 2nd. Deutsche Bank AG initiated coverage on shares of Eaton Vance Corporation in a report on Tuesday, October 17th. They set a “buy” rating and a $57.00 price target for the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $46.00 price target on shares of Eaton Vance Corporation in a report on Friday, August 18th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $53.00 price target on shares of Eaton Vance Corporation in a report on Friday, November 10th. Finally, Bank of America Corporation upped their price target on shares of Eaton Vance Corporation from $49.00 to $51.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $52.06.

In other news, insider Frederick S. Marius sold 8,915 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $47.55, for a total transaction of $423,908.25. Following the completion of the sale, the insider now directly owns 30,955 shares in the company, valued at $1,471,910.25. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Frederick S. Marius sold 7,574 shares of the stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $47.99, for a total transaction of $363,476.26. Following the sale, the insider now owns 26,128 shares of the company’s stock, valued at $1,253,882.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 596,037 shares of company stock valued at $29,808,641.

Eaton Vance Corporation (EV) opened at $51.31 on Wednesday. The company has a current ratio of 5.74, a quick ratio of 5.74 and a debt-to-equity ratio of 0.69. Eaton Vance Corporation has a 12-month low of $38.98 and a 12-month high of $52.36. The stock has a market cap of $5,911.54, a P/E ratio of 21.75, a P/E/G ratio of 0.97 and a beta of 1.86.

Eaton Vance Corporation (NYSE:EV) last announced its quarterly earnings results on Wednesday, August 23rd. The asset manager reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $393.70 million during the quarter, compared to analyst estimates of $398.74 million. During the same quarter last year, the company posted $0.56 earnings per share. The company’s revenue was up 15.4% compared to the same quarter last year. analysts anticipate that Eaton Vance Corporation will post 2.48 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be given a $0.31 dividend. This is a boost from Eaton Vance Corporation’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Monday, October 30th. Eaton Vance Corporation’s dividend payout ratio is 53.91%.

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About Eaton Vance Corporation

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.

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

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