Fiduciary Trust Co buys $22,700,017 stake in Eaton Vance Corp (EV)

Eaton Vance Corp (EV) : Fiduciary Trust Co scooped up 47,864 additional shares in Eaton Vance Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 583,548 shares of Eaton Vance Corp which is valued at $22,700,017.Eaton Vance Corp makes up approximately 0.77% of Fiduciary Trust Co’s portfolio.

Other Hedge Funds, Including , Hunter Associates Investment Management boosted its stake in EV in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 74,625 shares of Eaton Vance Corp which is valued at $2,902,913. Eaton Vance Corp makes up approx 1.22% of Hunter Associates Investment Management’s portfolio. Tfs Capital sold out all of its stake in EV during the most recent quarter. The investment firm sold 10,726 shares of EV which is valued $417,241.Advantus Capital Management Inc reduced its stake in EV by selling 1,667 shares or 10.82% in the most recent quarter. The Hedge Fund company now holds 13,737 shares of EV which is valued at $534,369. Eaton Vance Corp makes up approx 0.01% of Advantus Capital Management Inc’s portfolio.Td Asset Management Inc boosted its stake in EV in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 8,607 shares of Eaton Vance Corp which is valued at $332,661.American Century Companies Inc boosted its stake in EV in the latest quarter, The investment management firm added 890,365 additional shares and now holds a total of 1,020,561 shares of Eaton Vance Corp which is valued at $38,260,832. Eaton Vance Corp makes up approx 0.04% of American Century Companies Inc’s portfolio.

Eaton Vance Corp closed down -0.46 points or -1.15% at $39.57 with 6,43,952 shares getting traded on Thursday. Post opening the session at $40.07, the shares hit an intraday low of $39.06 and an intraday high of $40.32 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Eaton Vance Corp reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 17, 2016. Analyst had a consensus of $0.55. The company had revenue of $341.17 million for the quarter, compared to analysts expectations of $340.06 million. The company’s revenue was down -4.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.57 EPS.

Eaton Vance Corp is managing investment funds and providing investment management and advisory services to institutions and high-net-worth individuals. The Company develops and sustains management expertise across a range of investment disciplines and offers investment products and services through multiple distribution channels. The Company’s principal investment affiliates Eaton Vance Management Parametric Atlanta Capital and Hexavest offer a range of strategies. The Eaton Vance Management offers Equity income and alternative strategies based on in-depth fundamental analysis. The Parametric offers rules-based alpha-seeking equity alternative and options strategies and implementation services. The Atlanta Capital actively manages high-quality US stock and bond portfolios constructed using bottom-up fundamental analysis. The Hexavest offer global equity and tactical allocation strategies combining fundamental research and quantitative models.

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