Other equities research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Eaton Vance from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Tuesday, April 30th. ValuEngine downgraded shares of Eaton Vance from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.00.
Shares of NYSE:EV opened at $40.11 on Monday. The company has a current ratio of 13.48, a quick ratio of 13.48 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $4.40 billion, a P/E ratio of 12.50, a P/E/G ratio of 1.56 and a beta of 1.60. Eaton Vance has a fifty-two week low of $32.28 and a fifty-two week high of $58.00.
In other news, Director Brian D. Langstraat sold 7,740 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was 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 can be accessed through this link.
Several institutional investors and hedge funds have recently made changes to their positions in EV. Intercontinental Wealth Advisors LLC bought a new position in shares of Eaton Vance in the fourth quarter worth approximately $25,000. Essex Savings Bank bought a new position in shares of Eaton Vance in the fourth quarter worth approximately $25,000. Lindbrook Capital LLC bought a new position in shares of Eaton Vance in the fourth quarter worth approximately $31,000. Penserra Capital Management LLC bought a new position in shares of Eaton Vance in the first quarter worth approximately $31,000. Finally, Quadrant Capital Group LLC increased its position in shares of Eaton Vance by 295.2% in the first quarter. Quadrant Capital Group LLC now owns 913 shares of the asset manager’s stock worth $33,000 after purchasing an additional 682 shares during the last quarter. Hedge funds and other institutional investors own 70.37% of the company’s stock.
About Eaton Vance
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.
Featured Story: Dividend
Receive News & Ratings for Eaton Vance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton Vance and related companies with MarketBeat.com's FREE daily email newsletter.