Eaton Vance Corporation (NYSE:EV):
Eaton Vance Corp. Declares Quarterly Dividend.
The company is now up by 1.80 percent from yesterday’s close.
Eaton Vance Corporation also announced a dividend that was paid on Monday May 15th, 2017. The dividend was $0.280 per share for the quarter or $1.12 annualized. This dividend amount was represent a yeild of $2.36. The ex-dividend date was set for Wednesday the 26th of April 2017.
Eaton Vance Corp., launched on January 29, 1981, is involved 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. Through its subsidiary, Parametric Portfolio Associates LLC (Parametric), it manages a range of engineered alpha strategies, including systematic equity, systematic alternatives and managed options strategies. Through Parametric, it also provides portfolio implementation and overlay services, including tax-managed and non-tax-managed custom core equity strategies, centralized portfolio management of multi-manager portfolios and customized exposure management services..
It is trading at $48.12 which is just over the 50 day moving average of $47.03 and just above the 200 day moving average of $44.62. The 50 day moving average was up $1.14 or +2.42% whereas the 200 day moving average was up $3.55 or +7.96%.
The company’s P/E ratio is 21.12 and the market value is 5.34B. In the latest earnings report the EPS was $2.28 and is expected to be $2.54 for the current year with 110,766,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.71 and the next full year EPS is anticipated to be $2.99.
A few analysts have provided guidance on EV of late. On June 5 the company was rated “Buy” according to a Citigroup report a boost from the previous “Neutral” rating. On August 19 Keefe Bruyette & Woods maintained a stock rating of “Market Perform” and raised the price expectation to $40.00 from $38.00.
On May 27 Keefe Bruyette & Woods held the company rating at “Market Perform” but moved up the price target to $38.00 from $37.00. On May 19 Jefferies kept the stock rating at “Hold” but lowered the price target from $50.00 to $34.00.
February 16 investment analysts at Keefe Bruyette & Woods left the company rating at “Market Perform” and moved down the price target to $31.00 from $35.00. On January 19, 2016 the stock rating was changed to a “Neutral” in a report from Susquehanna which is up from the previous “Negative” rating.