Oregon Public Employees Retirement Fund Buys 4,894 Shares of Eaton Vance Corporation (NYSE:EV)

Oregon Public Employees Retirement Fund increased its stake in shares of Eaton Vance Corporation (NYSE:EV) by 8.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 59,683 shares of the asset manager’s stock after buying an additional 4,894 shares during the period. Oregon Public Employees Retirement Fund owned approximately 0.05% of Eaton Vance Corporation worth $2,824,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bank of The West boosted its position in Eaton Vance Corporation by 0.6% in the second quarter. Bank of The West now owns 7,804 shares of the asset manager’s stock valued at $369,000 after buying an additional 50 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Eaton Vance Corporation by 0.4% in the first quarter. Envestnet Asset Management Inc. now owns 25,708 shares of the asset manager’s stock valued at $1,157,000 after buying an additional 114 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Eaton Vance Corporation by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,028 shares of the asset manager’s stock worth $127,000 after buying an additional 148 shares in the last quarter. Creative Planning boosted its stake in shares of Eaton Vance Corporation by 3.3% in the second quarter. Creative Planning now owns 5,098 shares of the asset manager’s stock worth $241,000 after buying an additional 163 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its stake in shares of Eaton Vance Corporation by 1.9% in the second quarter. Capstone Asset Management Co. now owns 10,975 shares of the asset manager’s stock worth $519,000 after buying an additional 200 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors.

Eaton Vance Corporation (NYSE:EV) traded up 0.26% during mid-day trading on Friday, hitting $46.76. 477,061 shares of the stock traded hands. Eaton Vance Corporation has a one year low of $34.44 and a one year high of $50.10. The company has a 50 day moving average price of $48.18 and a 200-day moving average price of $45.98. The stock has a market capitalization of $5.18 billion, a PE ratio of 20.50 and a beta of 1.84.

Eaton Vance Corporation (NYSE:EV) last posted its quarterly earnings results on Wednesday, May 24th. The asset manager reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Eaton Vance Corporation had a return on equity of 36.63% and a net margin of 18.39%. The business had revenue of $374.60 million during the quarter, compared to the consensus estimate of $373.28 million. During the same period in the prior year, the company posted $0.48 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. Equities analysts anticipate that Eaton Vance Corporation will post $2.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were given a dividend of $0.28 per share. The ex-dividend date was Thursday, July 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.40%. Eaton Vance Corporation’s dividend payout ratio is currently 49.34%.

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A number of equities research analysts recently issued reports on EV shares. Zacks Investment Research cut shares of Eaton Vance Corporation from a “hold” rating to a “sell” rating in a report on Monday, May 1st. Jefferies Group LLC upped their price objective on shares of Eaton Vance Corporation from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, May 22nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $50.00 price objective on shares of Eaton Vance Corporation in a research report on Tuesday, May 23rd. Bank of America Corporation upped their price objective on shares of Eaton Vance Corporation from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, May 25th. Finally, Citigroup Inc. upped their price objective on shares of Eaton Vance Corporation from $46.50 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $50.07.

In other news, insider Jeffrey P. Beale sold 39,343 shares of the stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $48.30, for a total transaction of $1,900,266.90. Following the transaction, the insider now owns 343,509 shares of the company’s stock, valued at approximately $16,591,484.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dorothy E. Puhy sold 2,563 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $48.46, for a total value of $124,202.98. Following the transaction, the director now directly owns 14,473 shares in the company, valued at approximately $701,361.58. The disclosure for this sale can be found here. Insiders have sold a total of 127,943 shares of company stock valued at $6,149,649 over the last quarter.

Eaton Vance Corporation Company Profile

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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