Finally, Janney Montgomery Scott LLC raised its stake in shares of Eaton Vance Tax-Managed Global Dive Eq by 29.0% in the second quarter.
EV has been the topic of a number of other reports. Credit Suisse Group raised their price objective on Eaton Vance Corporation from $46.00 to $50.00 and gave the company a "neutral" rating in a report on Friday. J P Morgan Chase & Co reiterated an underweight rating and issued a $47.00 price objective (up previously from $40.00) on shares of Eaton Vance Corporation in a report on Tuesday, June 6th. Keefe, Bruyette & Woods reiterated a "hold" rating and set a $50.00 price target on shares of Eaton Vance Corporation in a research report on Tuesday, May 23rd. Finally, BidaskClub cut shares of Eaton Vance Corporation from a hold rating to a sell rating in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. Eaton Vance Corporation's dividend payout ratio (DPR) is now 49.34%.
Eaton Vance Corporation (NYSE:EV) traded up 0.34% on Tuesday, hitting $47.32. MI ADV now owns 63,000 shares of the investment management company's stock worth $1,265,000 after buying an additional 11,500 shares in the last quarter. The firm has a 50-day moving average of $48.14 and a 200 day moving average of $45.82. Eaton Vance Municipal Incm 2028 Term Tr has a one year low of $18.64 and a one year high of $21.68. The asset manager reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.02. The business had revenue of $374.60 million during the quarter, compared to analysts' expectations of $373.28 million. The company's quarterly revenue was up 15.9% compared to the same quarter previous year. If you are reading this news story on another publication, it was copied illegally and republished in violation of global trademark & copyright legislation. The legal version of this news story can be viewed at https://rinconhillneighbors.org/2017/08/12/eaton-vance-corporation-nyseev-given-new-50-00-price-target-at-credit-suisse-group.html.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.97 dividend on an annualized basis and a yield of 6.97%. Eaton Vance Corporation's dividend payout ratio (DPR) is now 49.34%. The stock was sold at an average price of $48.46, for a total value of $124,202.98. The institutional investor owned 43,500 shares of the investment management company's stock after buying an additional 7,000 shares during the period. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Beale sold 39,343 shares of the stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $48.08, for a total value of $1,923,200.00. Following the completion of the sale, the director now directly owns 14,473 shares of the company's stock, valued at $701,361.58. The disclosure for this sale can be found here.
Want to see what other hedge funds are holding ETX? Bank of Montreal Can raised its position in Eaton Vance Corporation by 1.0% in the first quarter. Gulf International Bank UK Ltd raised its position in Eaton Vance Corporation by 1.1% in the first quarter. Alpha Cubed Investments LLC now owns 64,813 shares of the financial services provider's stock worth $594,000 after buying an additional 40,325 shares in the last quarter. CENTRAL TRUST Co raised its position in Eaton Vance Corporation by 6,356.9% in the first quarter. Vanguard Group Inc. now owns 10,398,957 shares of the asset manager's stock worth $467,537,000 after buying an additional 600,222 shares during the period. TrimTabs Asset Management LLC boosted its position in Eaton Vance Corporation by 88.8% in the first quarter. "Takes Position in Eaton Vance Corporation (NYSE:EV)" was published by Week Herald and is the property of of Week Herald. Northwestern Mutual Wealth Management Co. now owns 2,901 shares of the asset manager's stock worth $130,000 after buying an additional 501 shares during the last quarter.
Eaton Vance Tax-Managed Diversified Equity Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund holds investments in various sectors, such as aerospace and defense, auto components, banks, beverages, biotechnology, capital markets, chemicals, diversified telecommunication services, electric utilities, electrical equipment, equity real estate investment trusts, food products, healthcare equipment and supplies, household durables, household products, insurance, Internet and direct marketing retail, Internet software and services, information technology services, machinery, media, metals and mining, multi-utilities, personal products, pharmaceuticals, professional services, road and rail, specialty retail, tobacco and wireless telecommunication services. The Fund's investment objective is to provide current income exempt from regular federal income tax, including alternative minimum tax, and, in state specific funds, taxes in its specified state.