KBW Sticks to Their Hold Rating for Eaton Vance Corp (EV)

KBW analyst Robert Lee reiterated a Hold rating on Eaton Vance Corp (EV) yesterday and set a price target of $45. The company’s shares opened today at $41.39.

According to TipRanks.com, Lee is a 5-star analyst with an average return of 7.2% and a 65.6% success rate. Lee covers the Financial sector, focusing on stocks such as BrightSphere Investment Group plc, Apollo Global Management LLC, and Janus Henderson Group plc.

Currently, the analyst consensus on Eaton Vance Corp is a Hold with an average price target of $39.60, implying a -4.3% downside from current levels. In a report released today, Citigroup also maintained a Hold rating on the stock with a $40 price target.

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The company has a one-year high of $58.64 and a one-year low of $32.28. Currently, Eaton Vance Corp has an average volume of 1.25M.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EV in relation to earlier this year.

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Eaton Vance Corp. engages in the management of investment funds and provides counseling services. It offers a range of engineered portfolio implementation services, including tax-managed core and specialty index strategies, futures and options-based portfolio overlays, and centralized portfolio management of multi-manager portfolios.