Eaton Vance Corp. (EV) Can’t Be More Hot. Just Reaches 52-Week High

January 14, 2018 - By reb123z

Investors sentiment decreased to 1.07 in Q3 2017. Its down 0.49, from 1.56 in 2017Q2. It dived, as 42 investors sold Eaton Vance Corp. shares while 87 reduced holdings. 40 funds opened positions while 98 raised stakes. 79.77 million shares or 1.27% more from 78.77 million shares in 2017Q2 were reported.
Maltese Cap Mngmt Ltd Limited Liability Company stated it has 20,000 shares. Kbc Group Nv reported 38,882 shares. M&T National Bank accumulated 9,132 shares. North Star Mgmt Corporation holds 0% or 150 shares. Blair William & Il reported 4,888 shares. 180,445 are owned by Deutsche Retail Bank Ag. Boston Private Wealth Ltd Liability invested in 46,500 shares or 0.09% of the stock. Regions Financial Corporation holds 15,883 shares. Sumitomo Mitsui Trust Inc has 331,738 shares. State Teachers Retirement owns 199,110 shares or 0.02% of their US portfolio. Voya Invest Mngmt Llc has 0.01% invested in Eaton Vance Corp. (NYSE:EV). Savings Bank Of The West reported 7,804 shares or 0.05% of all its holdings. Howland Capital Ltd Co has 0.03% invested in Eaton Vance Corp. (NYSE:EV) for 8,569 shares. U S Global Invsts owns 27,500 shares for 0.5% of their portfolio. Fayez Sarofim & reported 5.16M shares.

Since August 31, 2017, it had 0 insider purchases, and 19 sales for $30.78 million activity. The insider SMITH WINTHROP H JR sold $335,766. 57,832 shares valued at $2.87 million were sold by FAUST THOMAS E JR on Tuesday, October 3. SWAFFIELD PAYSON F also sold $3.72 million worth of Eaton Vance Corp. (NYSE:EV) on Tuesday, October 24. HYLTON LAURIE G had sold 17,003 shares worth $843,279 on Monday, October 2. On Thursday, September 28 PUHY DOROTHY E sold $320,696 worth of Eaton Vance Corp. (NYSE:EV) or 6,495 shares. Another trade for 6,865 shares valued at $330,085 was made by HIGDON LEO I JR on Wednesday, September 20.

The stock of Eaton Vance Corp. (NYSE:EV) hit a new 52-week high and has $65.29 target or 8.00 % above today’s $60.45 share price. The 9 months bullish chart indicates low risk for the $6.92 billion company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $65.29 price target is reached, the company will be worth $553.28M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.77% or $0.46 during the last trading session, reaching $60.45. About 563,279 shares traded. Eaton Vance Corp. (NYSE:EV) has risen 29.11% since January 14, 2017 and is uptrending. It has outperformed by 12.41% the S&P500.

Analysts await Eaton Vance Corp. (NYSE:EV) to report earnings on February, 28. They expect $0.69 EPS, up 30.19 % or $0.16 from last year’s $0.53 per share. EV’s profit will be $78.94M for 21.90 P/E if the $0.69 EPS becomes a reality. After $0.70 actual EPS reported by Eaton Vance Corp. for the previous quarter, Wall Street now forecasts -1.43 % negative EPS growth.

Eaton Vance Corp. (NYSE:EV) Ratings Coverage

Among 13 analysts covering Eaton Vance Corp. (NYSE:EV), 3 have Buy rating, 0 Sell and 10 Hold. Therefore 23% are positive. Eaton Vance Corp. has $61.0 highest and $30 lowest target. $48.17’s average target is -20.31% below currents $60.45 stock price. Eaton Vance Corp. had 43 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Bank of America on Tuesday, February 21. As per Monday, June 5, the company rating was upgraded by Citigroup. Wood maintained Eaton Vance Corp. (NYSE:EV) rating on Thursday, September 3. Wood has “Market Perform” rating and $37 target. Keefe Bruyette & Woods maintained Eaton Vance Corp. (NYSE:EV) rating on Friday, July 28. Keefe Bruyette & Woods has “Hold” rating and $5000 target. On Friday, May 27 the stock rating was maintained by Wood with “Market Perform”. The rating was maintained by Keefe Bruyette & Woods on Friday, August 19 with “Market Perform”. Jefferies maintained Eaton Vance Corp. (NYSE:EV) on Wednesday, January 10 with “Hold” rating. As per Tuesday, October 31, the company rating was maintained by Bank of America. The stock has “Hold” rating by Jefferies on Thursday, August 17. The stock has “Neutral” rating by Susquehanna on Tuesday, November 3.

More news for Eaton Vance Corp. (NYSE:EV) were recently published by: Prnewswire.com, which released: “Anne L. Richardson Joins Calvert as Chief Operating Officer” on January 02, 2018. Gurufocus.com‘s article titled: “Eaton Vance Corp (EV) Files 10-K for the Fiscal Year Ended on October 31, 2017” and published on December 20, 2017 is yet another important article.

Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in the United States. The company has market cap of $6.92 billion. It also provides investment management and counseling services to institutions and individuals. It has a 24.98 P/E ratio. Further, the firm operates as an adviser and distributor of investment companies and separate accounts.

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