California State Teachers Retirement System lowered its stake in Eaton Vance Corp (NYSE:EV) by 9.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 181,944 shares of the asset manager’s stock after selling 18,766 shares during the quarter. California State Teachers Retirement System owned 0.16% of Eaton Vance worth $8,983,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in EV. Financial Counselors Inc. boosted its holdings in Eaton Vance by 1.3% during the 3rd quarter. Financial Counselors Inc. now owns 101,100 shares of the asset manager’s stock worth $4,991,000 after acquiring an additional 1,256 shares during the last quarter. KBC Group NV boosted its holdings in Eaton Vance by 70.4% during the 3rd quarter. KBC Group NV now owns 38,882 shares of the asset manager’s stock worth $1,920,000 after acquiring an additional 16,068 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Eaton Vance by 7.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,070,988 shares of the asset manager’s stock worth $52,876,000 after acquiring an additional 77,906 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Eaton Vance by 4.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 708,071 shares of the asset manager’s stock worth $34,958,000 after acquiring an additional 31,838 shares during the last quarter. Finally, Investec Asset Management LTD boosted its holdings in Eaton Vance by 19.7% during the 3rd quarter. Investec Asset Management LTD now owns 159,658 shares of the asset manager’s stock worth $7,882,000 after acquiring an additional 26,292 shares during the last quarter. Institutional investors own 68.73% of the company’s stock.

In related news, insider Payson F. Swaffield sold 71,739 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $51.81, for a total value of $3,716,797.59. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dorothy E. Puhy sold 5,953 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $51.08, for a total value of $304,079.24. The disclosure for this sale can be found here. Insiders sold a total of 432,142 shares of company stock worth $21,905,085 over the last 90 days.

A number of equities research analysts have recently commented on the company. Jefferies Group reiterated a “hold” rating and set a $46.00 target price on shares of Eaton Vance in a research note on Thursday, October 26th. Bank of America lifted their target price on Eaton Vance from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. ValuEngine upgraded Eaton Vance from a “hold” rating to a “buy” rating in a research note on Wednesday, November 22nd. Zacks Investment Research upgraded Eaton Vance from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Finally, Deutsche Bank assumed coverage on Eaton Vance in a research note on Tuesday, October 17th. They set a “buy” rating and a $57.00 target price on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Eaton Vance has an average rating of “Hold” and an average price target of $52.06.

Shares of Eaton Vance Corp (EV) opened at $56.28 on Wednesday. The company has a market capitalization of $6,670.00, a price-to-earnings ratio of 23.26, a PEG ratio of 0.93 and a beta of 1.89. Eaton Vance Corp has a 52 week low of $41.40 and a 52 week high of $57.71. The company has a debt-to-equity ratio of 0.62, a quick ratio of 5.44 and a current ratio of 5.44.

Eaton Vance (NYSE:EV) last released its earnings results on Tuesday, November 21st. The asset manager reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.01). The business had revenue of $405.70 million for the quarter, compared to the consensus estimate of $407.75 million. Eaton Vance had a return on equity of 33.45% and a net margin of 18.45%. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 earnings per share. research analysts predict that Eaton Vance Corp will post 2.99 earnings per share for the current fiscal year.

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About Eaton Vance

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 (NYSE:EV)

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