Today, the CAO of Eaton Vance Corp (NYSE: EV), Jeffrey Beale, sold shares of EV for $251K.
Following Jeffrey Beale’s last EV Sell transaction on July 17, 2017, the stock climbed by 8.7%.
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Based on Eaton Vance Corp’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $425 million and quarterly net profit of $78.06 million. In comparison, last year the company earned revenue of $387 million and had a net profit of $71.98 million. EV’s market cap is $6.72B and the company has a P/E ratio of 22.13. Currently, Eaton Vance Corp has an average volume of 503.2K.
Five different firms, including Merrill Lynch and Citigroup, currently also have a Sell rating on the stock. Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $59.25, reflecting a -5.7% downside.
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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.
