Russell Investments Group Ltd. bought a new position in shares of Eaton Vance Corporation during the fourth quarter worth $2,457,000. As of quarter end Flagship Harbor Advisors, LLC had disposed of 108,719 shares trimming its stake by 92.1%. Bank of America Corp DE boosted its position in shares of Eaton Vance Floating-Rate Income Trust by 4.9% in the first quarter. The fund owned 361,239 shares of the investment management company's stock after buying an additional 18,840 shares during the period. The firm has a 50-day moving average of $47.03 and a 200 day moving average of $44.62. The stock's market capitalization is 5.34B. At the time of writing, the 14-day ADX for Eaton Vance Michigan Municipal Bond Fund (MIW) is 15.13.
Eaton Vance Corp. (NYSE:EV) has risen 15.11% since January and is up 1.45% for the past week. The asset manager reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. The company had revenue of $374.60 million for the quarter, compared to analyst estimates of $373.28 million.
The ETF's YTD performance is 0%, the 1 year is 0% and the 3 year is 0%. The company's quarterly revenue was up 15.9% compared to the same quarter past year. As the next round of earnings reports start to come in, investors will be keeping a close watch to see which companies produce the largest surprises, both positive and negative.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Thursday, July 13th will be given a dividend of 0.0451 per share on Thursday, July 20th. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.33 annualized dividend and a yield of 8.58%. Eaton Vance Corporation's payout ratio is 49.34%.
WARNING: This piece of content was reported by BNB Daily and is owned by of BNB Daily. If you are viewing this report on another website, it was copied illegally and reposted in violation of United States and worldwide trademark & copyright legislation. Finally, Keefe, Bruyette & Woods reissued a "hold" rating and set a $50.00 price objective on shares of Eaton Vance Corporation in a report on Tuesday, May 23rd.
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The stock of Eaton Vance Short Duration Diversified I (EVG) shows a multiple tops pattern with $14.76 target or 5.00 % above today's $14.06 share price.
06/05/2017 - Eaton Vance Corporation was upgraded to " by analysts at Citigroup. They presently have a $45.00 target price on the asset manager's stock. Dedicated investors may be looking to employ another tool for doing technical stock analysis. Moving averages can be very helpful for identifying peaks and troughs.
In other news, CEO Matthew J. Witkos sold 24,152 shares of the stock in a transaction on Friday, July 7th. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
The stock increased 0.21% or $0.03 on July 14, reaching $14.06. About 16,748 shares traded. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 127,943 shares of company stock valued at $6,149,649. After a recent check, the 14-day RSIfor Eaton Vance California Municipal Bond Fund (EVM) is now at 55.19, the 7-day stands at 57.43, and the 3-day is sitting at 55.38.
Eaton Vance Risk-Managed Diversified Equity Income Fund is a United States diversified, closed-end management investment company.
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