Comerica Bank increased its holdings in shares of Eaton Vance Corp (NYSE:EV) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 92,654 shares of the asset manager’s stock after acquiring an additional 3,033 shares during the quarter. Comerica Bank’s holdings in Eaton Vance were worth $5,562,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its stake in Eaton Vance by 33.7% during the third quarter. Bank of New York Mellon Corp now owns 4,421,942 shares of the asset manager’s stock worth $218,311,000 after buying an additional 1,113,748 shares in the last quarter. Earnest Partners LLC grew its stake in Eaton Vance by 0.5% during the third quarter. Earnest Partners LLC now owns 1,795,310 shares of the asset manager’s stock worth $88,634,000 after buying an additional 8,804 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Eaton Vance by 2.7% during the third quarter. JPMorgan Chase & Co. now owns 1,768,996 shares of the asset manager’s stock worth $87,689,000 after buying an additional 46,140 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Eaton Vance by 7.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,070,988 shares of the asset manager’s stock worth $52,876,000 after buying an additional 77,906 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Eaton Vance during the fourth quarter worth about $53,919,000. 69.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of Eaton Vance Corp (EV) opened at $53.75 on Tuesday. Eaton Vance Corp has a one year low of $42.20 and a one year high of $60.95. The company has a quick ratio of 5.44, a current ratio of 5.44 and a debt-to-equity ratio of 0.62. The firm has a market cap of $6,280.56, a P/E ratio of 21.53, a PEG ratio of 0.80 and a beta of 1.79.

Eaton Vance (NYSE:EV) last posted its quarterly earnings results on Tuesday, November 21st. The asset manager reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.01). Eaton Vance had a net margin of 18.45% and a return on equity of 33.45%. The company had revenue of $405.70 million during the quarter, compared to analyst estimates of $407.75 million. During the same quarter in the previous year, the business posted $0.57 earnings per share. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. sell-side analysts anticipate that Eaton Vance Corp will post 3.28 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a dividend of $0.31 per share. The ex-dividend date is Tuesday, January 30th. This represents a $1.24 annualized dividend and a yield of 2.31%. Eaton Vance’s dividend payout ratio is presently 51.24%.

In other Eaton Vance news, CEO Matthew J. Witkos sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $60.35, for a total transaction of $1,508,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dorothy E. Puhy sold 9,490 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $60.49, for a total transaction of $574,050.10. The disclosure for this sale can be found here.

A number of equities research analysts have issued reports on EV shares. Zacks Investment Research downgraded shares of Eaton Vance from a “buy” rating to a “hold” rating in a research note on Monday, November 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $53.00 price objective on shares of Eaton Vance in a research note on Friday, November 10th. ValuEngine upgraded shares of Eaton Vance from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Jefferies Group reiterated a “hold” rating and set a $46.00 price objective on shares of Eaton Vance in a research note on Thursday, October 26th. Finally, Bank of America increased their price objective on shares of Eaton Vance from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Eaton Vance currently has an average rating of “Hold” and an average price target of $53.44.

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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.

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Institutional Ownership by Quarter for Eaton Vance (NYSE:EV)

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