About Eaton Vance Corporation (NYSE:EV)
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. Through its subsidiary, the Company also manages a range of engineered alpha strategies, including systematic equity, systematic alternatives and managed options strategies. The Company's open-end fund lineup includes tax-managed equity funds, and non-tax-managed equity and multi-asset funds. The Company's family of closed-end funds includes municipal bond, domestic and global equity, and bank loan.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Investment Management
- Sub-Industry: Asset Management & Custody Banks
- Symbol: NYSE:EV
- CUSIP: 27826510
- Web: www.eatonvance.com
- Market Cap: $6.03 billion
- Outstanding Shares: 116,163,000
- 50 Day Moving Avg: $48.85
- 200 Day Moving Avg: $47.09
- 52 Week Range: $34.44 - $52.06
Sales & Book Value:
- Trailing P/E Ratio: 22.57
- Foreward P/E Ratio: 17.59
- P/E Growth: 1.38
- Annual Revenue: $1.47 billion
- Price / Sales: 4.10
- Book Value: $8.05 per share
- Price / Book: 6.45
- Annual Dividend: $1.12
- Dividend Yield: 2.4%
- EBITDA: $477.11 million
- Net Margins: 18.03%
- Return on Equity: 34.47%
- Return on Assets: 13.99%
- Debt-to-Equity Ratio: 0.69%
- Current Ratio: 5.74%
- Quick Ratio: 5.74%
- Average Volume: 548,551 shs.
- Beta: 1.84
Frequently Asked Questions for Eaton Vance Corporation (NYSE:EV)
What is Eaton Vance Corporation's stock symbol?
Eaton Vance Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "EV."
How often does Eaton Vance Corporation pay dividends? What is the dividend yield for Eaton Vance Corporation?
Eaton Vance Corporation announced a quarterly dividend on Thursday, October 12th. Investors of record on Tuesday, October 31st will be given a dividend of $0.31 per share on Wednesday, November 15th. This represents a $1.24 annualized dividend and a yield of 2.39%. The ex-dividend date is Monday, October 30th. This is an increase from Eaton Vance Corporation's previous quarterly dividend of $0.28. View Eaton Vance Corporation's Dividend History.
How will Eaton Vance Corporation's stock buyback program work?
Eaton Vance Corporation declared that its board has authorized a stock repurchase program on Tuesday, April 11th 2017, which permits the company to buyback 8,000,000 shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's board of directors believes its shares are undervalued.
How were Eaton Vance Corporation's earnings last quarter?
Eaton Vance Corporation (NYSE:EV) released its quarterly earnings data on Wednesday, August, 23rd. The company reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.67 by $0.05. The firm earned $393.70 million during the quarter, compared to analyst estimates of $398.74 million. Eaton Vance Corporation had a net margin of 18.03% and a return on equity of 34.47%. The business's quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the business posted $0.56 EPS. View Eaton Vance Corporation's Earnings History.
When will Eaton Vance Corporation make its next earnings announcement?
Where is Eaton Vance Corporation's stock going? Where will Eaton Vance Corporation's stock price be in 2017?
7 brokerages have issued 1 year target prices for Eaton Vance Corporation's shares. Their forecasts range from $46.00 to $57.00. On average, they anticipate Eaton Vance Corporation's share price to reach $50.64 in the next twelve months. View Analyst Ratings for Eaton Vance Corporation.
What are analysts saying about Eaton Vance Corporation stock?
Here are some recent quotes from research analysts about Eaton Vance Corporation stock:
- 1. 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. " (10/17/2017)
- 2. Jefferies Group LLC analysts commented, "EV reported F4Q16 adjusted EPS of $0.57 (JEF $0.60 / Consensus $0.59). Operating income missed our forecast by -$4.6M as blended fee rates continued to trend lower (down ~2% q/q) and compensation was slightly above expectations (+$2.4M)." (11/23/2016)
Who are some of Eaton Vance Corporation's key competitors?
Some companies that are related to Eaton Vance Corporation include KKR & Co. L.P. (KKR), Hargreaves Lansdown PLC (HL), Federated Investors (FII), Artisan Partners Asset Management (APAM), Jupiter Fund Management PLC (JUP), Ashmore Group plc (ASHM), AllianceBernstein Holding L.P. (AB), Financial Engines (FNGN), The Carlyle Group L.P. (CG), Cohen & Steers (CNS), OM Asset Management PLC (OMAM), WisdomTree Investments (WETF), Ares Management L.P. (ARES), Rathbone Brothers plc (RAT), Brewin Dolphin Holdings plc (BRW), Virtus Investment Partners (VRTS), Pzena Investment Management (PZN) and Hamilton Lane (HLNE).
Who are Eaton Vance Corporation's key executives?
Eaton Vance Corporation's management team includes the folowing people:
- Thomas E. Faust Jr., Chairman of the Board, President, Chief Executive Officer
- Laurie G. Hylton CPA, Chief Financial Officer
- Brian D. Langstraat, Director, Chief Executive Officer of Parametric Portfolio Associates LLC
- Matthew J. Witkos, President of Eaton Vance Distributors, Inc.
- Julie Rozen, Chief Accounting Officer
- Jeffrey P. Beale, Vice President, Chief Administrative Officer
- Frederick S. Marius, Vice President, Chief Legal Officer, Secretary
- Edward J. Perkin, Vice President and Chief Equity Investment Officer - Eaton Vance Management
- Payson F. Swaffield, Vice President and Chief Income Investment Officer of Eaton Vance Management
- Leo I. Higdon Jr., Lead Independent Director
Who owns Eaton Vance Corporation stock?
Eaton Vance Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include APG Asset Management N.V. (0.10%), Mutual of America Capital Management LLC (0.08%), Farmers & Merchants Investments Inc. (0.05%), Shell Asset Management Co. (0.04%), State Treasurer State of Michigan (0.04%) and Oakbrook Investments LLC (0.01%). Company insiders that own Eaton Vance Corporation stock include Ann E Berman, Brian D Langstraat, Dorothy E Puhy, Frederick S Marius, Jeffrey P Beale, Laurie G Hylton, Leo I Higdon Jr, Leo I Higdon, Jr, Matthew J Witkos, Payson F Swaffield, Thomas E Faust Jr, Thomas E Faust, Jr and Winthrop H Smith Jr. View Institutional Ownership Trends for Eaton Vance Corporation.
Who sold Eaton Vance Corporation stock? Who is selling Eaton Vance Corporation stock?
Eaton Vance Corporation's stock was sold by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan and Mutual of America Capital Management LLC. Company insiders that have sold Eaton Vance Corporation stock in the last year include Ann E Berman, Brian D Langstraat, Dorothy E Puhy, Frederick S Marius, Jeffrey P Beale, Laurie G Hylton, Leo I Higdon Jr, Matthew J Witkos, Payson F Swaffield, Thomas E Faust Jr and Winthrop H Smith Jr. View Insider Buying and Selling for Eaton Vance Corporation.
Who bought Eaton Vance Corporation stock? Who is buying Eaton Vance Corporation stock?
Eaton Vance Corporation's stock was bought by a variety of institutional investors in the last quarter, including Shell Asset Management Co., APG Asset Management N.V., Oakbrook Investments LLC and Farmers & Merchants Investments Inc.. View Insider Buying and Selling for Eaton Vance Corporation.
How do I buy Eaton Vance Corporation stock?
Shares of Eaton Vance Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Eaton Vance Corporation's stock price today?
MarketBeat Community Rating for Eaton Vance Corporation (NYSE EV)MarketBeat's community ratings are surveys of what our community members think about Eaton Vance Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Eaton Vance Corporation stock can currently be purchased for approximately $51.90.
Consensus Ratings for Eaton Vance Corporation (NYSE:EV) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||5 Hold Ratings, 2 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.29)|
|Consensus Price Target: ||$50.64 (2.42% downside)|Consensus Price Target History for Eaton Vance Corporation (NYSE:EV)
Analysts' Ratings History for Eaton Vance Corporation (NYSE:EV)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/17/2017||Deutsche Bank AG||Initiated Coverage||Buy||$57.00||N/A|
|8/24/2017||J P Morgan Chase & Co||Upgrade||Underweight -> Neutral||$48.00||Medium|
|8/18/2017||Jefferies Group LLC||Reiterated Rating||Hold||$46.00||Low|
|8/11/2017||Credit Suisse Group||Boost Price Target||Neutral||$46.00 -> $50.00||Low|
|6/5/2017||Citigroup Inc.||Upgrade||Neutral -> Buy||$52.00 -> $54.50||High|
|5/25/2017||Bank of America Corporation||Boost Price Target||Neutral||$47.00 -> $49.00||Low|
|5/23/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$50.00||Low|
|4/12/2016||Sandler O'Neill||Boost Price Target||$29.00 -> $34.00||N/A|
|2/22/2016||William Blair||Reiterated Rating||Market Perform||N/A|
|1/19/2016||Susquehanna Bancshares Inc||Upgrade||Negative -> Neutral||$28.00||N/A|
|11/25/2015||Royal Bank Of Canada||Lower Price Target||Outperform||$46.00 -> $43.00||N/A|
|11/11/2015||Piper Jaffray Companies||Reiterated Rating||Hold||$39.00 -> $40.00||N/A|
Earnings History for Eaton Vance Corporation (NYSE:EV)Earnings History by Quarter for Eaton Vance Corporation (NYSE EV)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/23/2017||Q3 2017||$0.67||$0.62||$398.74 million||$393.70 million||View||N/A|
|5/24/2017||Q2 17||$0.60||$0.62||$373.28 million||$374.60 million||View||N/A|
|2/22/2017||Q117||$0.57||$0.53||$351.22 million||$354.95 million||View||Listen|
|11/22/2016||Q416||$0.59||$0.57||$341.46 million||$346.85 million||View||N/A|
|8/17/2016||Q316||$0.55||$0.56||$343.71 million||$341.17 million||View||Listen|
|5/25/2016||Q216||$0.48||$0.48||$322.37 million||$323.30 million||View||Listen|
|2/24/2016||Q116||$0.52||$0.51||$340.78 million||$331.60 million||View||Listen|
|11/24/2015||Q415||$0.59||$0.53||$354.51 million||$341.50 million||View||Listen|
|8/19/2015||Q315||$0.62||$0.57||$365.42 million||$355.50 million||View||Listen|
|5/20/2015||Q215||$0.60||$0.58||$351.95 million||$351.70 million||View||Listen|
|2/25/2015||Q115||$0.63||$0.61||$369.02 million||$354.90 million||View||N/A|
|11/25/2014||Q414||$0.65||$0.68||$368.80 million||$368.40 million||View||N/A|
|8/20/2014||Q314||$0.63||$0.63||$365.83 million||$367.60 million||View||N/A|
|5/21/2014||Q214||$0.56||$0.59||$351.30 million||$354.10 million||View||N/A|
|2/19/2014||Q114||$0.60||$0.58||$367.92 million||$360.26 million||View||N/A|
|11/26/2013||Q4||$0.59||$0.55||$364.24 million||$356.90 million||View||Listen|
|8/21/2013||Q3 2013||$0.56||$0.52||$352.98 million||$350.30 million||View||N/A|
|5/22/2013||Q2 2013||$0.52||$0.52||$335.30 million||$331.70 million||View||N/A|
|2/20/2013||Q1 2013||$0.51||$0.50||$316.23 million||$318.50 million||View||N/A|
Earnings Estimates for Eaton Vance Corporation (NYSE:EV)
2017 EPS Consensus Estimate: $2.52
2018 EPS Consensus Estimate: $2.84
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Eaton Vance Corporation (NYSE:EV)
|Dividend Growth:||20.10% (3 Year Average)|
|Payout Ratio:||48.70% (Trailing 12 Months of Earnings) |
45.34% (Based on This Year's Estimates)
37.97% (Based on Next Year's Estimates)
|Track Record:||36 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Eaton Vance Corporation (NYSE EV)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Eaton Vance Corporation (NYSE:EV)
Institutional Ownership Percentage: 68.90%Insider Trades by Quarter for Eaton Vance Corporation (NYSE:EV)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/18/2017||Jeffrey P Beale||Insider||Sell||24,140||$51.36||$1,239,830.40|| |
|10/17/2017||Thomas E Faust Jr||CEO||Sell||72,314||$51.05||$3,691,629.70|| |
|10/13/2017||Matthew J Witkos||CEO||Sell||82,617||$51.27||$4,235,773.59|| |
|10/12/2017||Laurie G Hylton||CFO||Sell||21,371||$50.60||$1,081,372.60|| |
|10/3/2017||Thomas E Faust Jr||CEO||Sell||57,832||$49.67||$2,872,515.44|| |
|10/2/2017||Laurie G Hylton||CFO||Sell||17,003||$49.60||$843,348.80|| |
|9/28/2017||Dorothy E Puhy||Director||Sell||6,495||$49.38||$320,723.10|| |
|9/28/2017||Thomas E Faust Jr||CEO||Sell||72,678||$49.52||$3,599,014.56|| |
|9/27/2017||Ann E Berman||Director||Sell||6,865||$48.88||$335,561.20|| |
|9/26/2017||Matthew J Witkos||CEO||Sell||46,844||$48.39||$2,266,781.16|| |
|9/22/2017||Thomas E Faust Jr||CEO||Sell||73,982||$48.20||$3,565,932.40|| |
|9/21/2017||Brian D Langstraat||Director||Sell||12,850||$48.08||$617,828.00|| |
|9/20/2017||Frederick S Marius||Insider||Sell||7,574||$47.99||$363,476.26|| |
|9/20/2017||Leo I Higdon Jr||Director||Sell||6,865||$48.08||$330,069.20|| |
|8/31/2017||Frederick S Marius||Insider||Sell||8,915||$47.55||$423,908.25|| |
|7/13/2017||Jeffrey P Beale||Insider||Sell||39,343||$48.30||$1,900,266.90|| |
|7/7/2017||Matthew J Witkos||CEO||Sell||24,152||$47.65||$1,150,842.80|| |
|6/8/2017||Winthrop H Smith Jr||Director||Sell||21,885||$48.03||$1,051,136.55|| |
|6/7/2017||Matthew J Witkos||CEO||Sell||40,000||$48.08||$1,923,200.00|| |
|6/6/2017||Dorothy E Puhy||Director||Sell||2,563||$48.46||$124,202.98|| |
|1/25/2017||Frederick S Marius||Insider||Sell||45,893||$43.71||$2,005,983.03|| |
|1/20/2017||Matthew J Witkos||CEO||Sell||84,085||$42.83||$3,601,360.55|| |
|1/4/2017||Frederick S Marius||Insider||Sell||47,235||$42.72||$2,017,879.20|| |
|12/8/2016||Ann E Berman||Director||Sell||13,188||$43.05||$567,743.40|| |
|12/7/2016||Winthrop H Smith Jr||Director||Sell||5,943||$42.19||$250,735.17|| |
|10/31/2016||Laurie G Hylton||CFO||Sell||25,184||$35.20||$886,476.80|| |
|10/31/2016||Thomas E Faust Jr||CEO||Sell||25,537||$35.33||$902,222.21|| |
|10/28/2016||Payson F Swaffield||Insider||Sell||94,727||$35.40||$3,353,335.80|| |
|10/27/2016||Thomas E Faust Jr||CEO||Sell||166,789||$35.94||$5,994,396.66|| |
|10/24/2016||Leo I Higdon Jr||Director||Sell||8,197||$37.66||$308,699.02|| |
|9/19/2016||Dorothy E Puhy||Director||Sell||6,197||$38.75||$240,133.75|| |
|9/2/2016||Matthew J Witkos||CEO||Sell||94,408||$40.08||$3,783,872.64|| |
|8/29/2016||Brian D Langstraat||Director||Sell||38,012||$39.79||$1,512,497.48|| |
|8/22/2016||Jeffrey P Beale||Insider||Sell||53,153||$39.58||$2,103,795.74|| |
|6/23/2016||Winthrop H Smith Jr||Director||Sell||8,197||$37.20||$304,928.40|| |
|1/20/2016||Winthrop H Smith Jr||Director||Buy||1,000||$26.89||$26,890.00|| |
|1/15/2016||Winthrop H Smith Jr||Director||Buy||1,000||$26.93||$26,930.00|| |
|1/11/2016||Winthrop H Smith Jr||Director||Buy||1,000||$28.42||$28,420.00|| |
|12/7/2015||Leo I. Higdon, Jr.||Director||Sell||8,402||$36.08||$303,144.16|| |
|10/29/2015||Payson F. Swaffield||insider||Sell||93,540||$36.35||$3,400,179.00|| |
|10/29/2015||Thomas E. Faust, Jr.||CEO||Sell||175,152||$36.38||$6,372,029.76|| |
|10/27/2015||Laurie G. Hylton||CFO||Sell||21,000||$35.82||$752,220.00|| |
|9/18/2015||Jeffrey P. Beale||insider||Sell||49,630||$34.31||$1,702,805.30|| |
|9/2/2015||Brian D. Langstraat||Director||Sell||40,573||$33.34||$1,352,703.82|| |
|3/17/2015||Winthrop H Smith Jr||Director||Sell||8,402||$42.76||$359,269.52|| |
|12/12/2014||Leo I Higdon Jr||Director||Sell||12,295||$39.79||$489,218.05|| |
|12/10/2014||Frederick S Marius||Insider||Sell||42,958||$41.08||$1,764,714.64|| |
|10/29/2014||Thomas E Faust Jr||CEO||Sell||219,000||$36.32||$7,954,080.00|| |
|10/28/2014||Laurie G Hylton||CFO||Sell||31,092||$36.30||$1,128,639.60|| |
|10/28/2014||Payson F Swaffield||Insider||Sell||105,000||$36.08||$3,788,400.00|| |
|9/15/2014||Jeffrey P Beale||Insider||Sell||55,130||$38.91||$2,145,108.30|| |
|8/26/2014||Winthrop H Smith Jr||Director||Sell||12,295||$39.13||$481,103.35|| |
|12/16/2013||Leo Higdon, Jr.||Director||Sell||12,295||$40.89||$502,742.55|| |
|11/6/2013||Duncan Richardson||EVP||Sell||44,566||$5.28||$235,308.48|| |
|10/17/2013||Payson F Swaffield||Insider||Sell||93,825||$39.03||$3,661,989.75|| |
|10/16/2013||Jeffrey P Beale||Insider||Sell||65,827||$39.06||$2,571,202.62|| |
|9/20/2013||Ann Berman||Director||Sell||5,680||$40.83||$231,914.40|| |
|11/26/2012||Ann E Berman||Director||Sell||6,266||$31.88||$199,760.08|| |
|10/4/2012||Duncan W Richardson||EVP||Sell||232,600||$28.88||$6,717,488.00|| |
Headline Trends for Eaton Vance Corporation (NYSE:EV)
Latest Headlines for Eaton Vance Corporation (NYSE:EV)
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Eaton Vance Corporation (EV) Chart for Sunday, October, 22, 2017