Media stories about Eaton Vance (NYSE:EV) have trended neutral recently, InfoTrie reports. The research firm ranks the sentiment of news coverage by analyzing more than 6,000 news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Eaton Vance earned a news impact score of 0.33 on their scale. InfoTrie also gave media stories about the asset manager an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have impacted Eaton Vance’s analysis:
- Eaton Vance AUM slips 3.7% in December quarter (seekingalpha.com)
- Eaton Vance Corp. Reports December 31, 2018 Assets under Management (prnewswire.com)
- Eaton Vance New Jersey Municipal Income Trust Announces Results of Special Shareholder Meeting Relating to Merger (finance.yahoo.com)
- Eaton Vance (EV) Downgraded by Deutsche Bank to Hold (americanbankingnews.com)
- Eaton Vance Corp (EV) Plans Quarterly Dividend of $0.35 (americanbankingnews.com)
EV has been the topic of a number of analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a $45.00 price target on shares of Eaton Vance in a research report on Monday, November 19th. Zacks Investment Research reissued a “sell” rating on shares of Eaton Vance in a research report on Tuesday, November 13th. JPMorgan Chase & Co. cut Eaton Vance from a “neutral” rating to an “underweight” rating and set a $38.00 price target on the stock. in a research report on Wednesday, November 28th. Citigroup cut Eaton Vance from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $60.50 to $47.00 in a research report on Monday, November 19th. Finally, Deutsche Bank lowered their price objective on Eaton Vance from $64.00 to $63.00 and set a “buy” rating on the stock in a research report on Thursday, September 27th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $48.13.
EV stock opened at $36.20 on Friday. The company has a market capitalization of $4.28 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 0.81 and a beta of 1.60. The company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 1.35. Eaton Vance has a 12-month low of $32.28 and a 12-month high of $60.95.
Eaton Vance (NYSE:EV) last announced its earnings results on Tuesday, November 27th. The asset manager reported $0.85 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.85. The business had revenue of $435.97 million during the quarter, compared to analyst estimates of $435.02 million. Eaton Vance had a net margin of 22.44% and a return on equity of 35.94%. As a group, analysts forecast that Eaton Vance will post 3.18 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be paid a dividend of $0.35 per share. The ex-dividend date is Wednesday, January 30th. This represents a $1.40 dividend on an annualized basis and a yield of 3.87%. Eaton Vance’s dividend payout ratio is presently 43.61%.
In other news, CEO Thomas E. Faust, Jr. sold 33,407 shares of the company’s stock in a transaction on Monday, October 22nd. The stock was sold at an average price of $45.50, for a total value of $1,520,018.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leo I. Higdon, Jr. sold 5,943 shares of the company’s stock in a transaction on Tuesday, October 23rd. The stock was sold at an average price of $43.97, for a total value of $261,313.71. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 136,984 shares of company stock valued at $6,000,600.
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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.
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