Keefe Bruyette & Woods Maintains Eaton Vance Corp to Market Perform with Price Target $40.00

Brokerage firm Keefe Bruyette & Woods Maintains its rating on Eaton Vance Corp(NYSE:EV). In a research note issued to the investors, the brokerage major Raises the price-target to $40.00 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Aug 19, 2016.

In a different note, On Aug 16, 2016, Jefferies said it Maintains its rating on Eaton Vance Corp. In the research note, the firm Raises the price-target to $34.00 per share. The shares have been rated ‘Hold’ by the firm. On May 27, 2016, Keefe Bruyette & Woods said it Maintains its rating on Eaton Vance Corp. In the research note, the firm Raises the price-target to $36.00 per share. The shares have been rated ‘Market Perform’ by the firm.

Eaton Vance Corp (EV) shares turned negative on Mondays trading session with the shares closing down -0.1 points or -0.25% at a volume of 5,12,730. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $40.07. The peak price level was also seen at $40.07 while the days lowest was $39.59. Finally the shares closed at $39.61. The 52-week high of the shares is $40.36 while the 52-week low is $26.44. According to the latest information available, the market cap of the company is $4,510 M.

Eaton Vance Corp(EV) last announced its earnings results on Aug 17, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $341.17M. Analysts had an estimated revenue of $340.14M. Earnings per share were $0.56. Analysts had estimated an EPS of $0.55.

Several Insider Transactions has been reported to the SEC. On Jun 24, 2016, Winthrop H Jr Smith (director) sold 8,197 shares at $37.20 per share price.Also, On Mar 3, 2016, Dorothy E Puhy (director) sold 2,500 shares at $30.18 per share price.On Dec 9, 2015, Leo I Jr Higdon (director) sold 8,402 shares at $36.08 per share price, according to the Form-4 filing with the securities and exchange commission.

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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