Eaton Vance Tax Managed Diversified Eq. (ETY) Declares $0.08 Monthly Dividend

Puplava Financial Services Inc. raised its stake in shares of Eaton Vance Tax-Managed Global Dive Eq by 1,230.8% in the second quarter. The institutional investor owned 71,662 shares of the asset manager's stock after selling 3,553 shares during the period. Vanguard Group Inc. boosted its position in Eaton Vance Corporation by 6.1% in the first quarter. CENTRAL TRUST Co now owns 3,293 shares of the asset manager's stock worth $148,000 after buying an additional 3,242 shares during the period. Norges Bank acquired a new stake in shares of Eaton Vance Corporation during the fourth quarter worth about $43,128,000. Capital One National Association now owns 44,547 shares of the asset manager's stock valued at $2,108,000 after buying an additional 4,190 shares in the last quarter. BidaskClub lowered Eaton Vance Corporation from a "hold" rating to a "sell" rating in a research note on Friday, July 28th. Janney Montgomery Scott LLC now owns 119,139 shares of the financial services provider's stock worth $1,093,000 after buying an additional 26,758 shares in the last quarter. The company had a trading volume of 335,854 shares. The company has a market capitalization of $5.24 billion, a PE ratio of 20.75 and a beta of 1.84. The company has a 50 day moving average of $48.14 and a 200 day moving average of $45.82. Eaton Vance Tax-Managed Global Dive Eq has a one year low of $7.88 and a one year high of $9.45. 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. Eaton Vance Corporation had a return on equity of 36.63% and a net margin of 18.39%. The company's revenue was up 15.9% compared to the same quarter previous year. During the same period in the prior year, the company earned $0.48 earnings per share. Dimensional Fund Advisors LP boosted its position in Eaton Vance Corporation by 3.3% in the fourth quarter. The ex-dividend date is Tuesday, August 22nd. Investors of record on Thursday, August 24th will be given a dividend of 0.084 per share by the investment management company on Thursday, August 31st. This represents a $0.91 annualized dividend and a dividend yield of 10.06%. Analysts forecast that Eaton Vance Corporation will post $2.55 EPS for the current year. "Takes Position in Eaton Vance Corporation (NYSE:EV)" was published by Week Herald and is the property of of Week Herald. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and worldwide trademark and copyright laws. The original version of this news story can be read at https://www.thecerbatgem.com/2017/08/12/grimes-company-inc-cuts-position-in-eaton-vance-corporation-nyseev-updated-updated-updated.html.

Several equities research analysts have recently commented on the company. J P Morgan Chase & Co reissued an "underweight" rating and set a $47.00 target price (up from $40.00) on shares of Eaton Vance Corporation in a research note on Tuesday, June 6th. Bank of America Corporation upped their price target on shares of Eaton Vance Corporation from $47.00 to $49.00 and gave the company a neutral rating in a research report on Thursday, May 25th. 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Jefferies Group LLC reaffirmed a hold rating and set a $45.00 price target on shares of Eaton Vance Corporation in a research report on Wednesday, June 28th. Following the transaction, the director now owns 14,473 shares of the company's stock, valued at approximately $701,361.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The company has an average rating of "Hold" and an average price target of $49.93. Following the completion of the transaction, the insider now owns 343,509 shares in the company, valued at $16,591,484.70. The disclosure for this sale can be found here. The shares were sold at an average price of $48.46, for a total transaction of $124,202.98.

According to Zacks, "Eaton Vance Corp.'s principal business is creating, marketing and managing investment funds and providing investment management and counseling services to institutions and individuals.The Company conducts its investment management and counseling business through two wholly-owned subsidiaries, Eaton Vance Management and Boston Management and Research.The Company's growth has resulted from its ability to develop, offer successfully and manage effectively new funds and to increase the assets of existing Eaton Vance Funds".

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