It May Be Time to Sell Shares of Eaton Vance Corp (NYSE:EV) as J.P. Morgan Has Downgraded The Company

Eaton Vance Corp. (NYSE:EV) Logo

Investors sentiment increased to 1.11 in Q2 2018. Its up 0.11, from 1 in 2018Q1. It increased, as 24 investors sold Eaton Vance Corp. shares while 91 reduced holdings. 43 funds opened positions while 85 raised stakes. 79.13 million shares or 1.83% less from 80.60 million shares in 2018Q1 were reported.

Laurion Cap Mgmt Lp owns 4,529 shares or 0% of their US portfolio. Dekabank Deutsche Girozentrale accumulated 14,927 shares. Fiduciary Trust Communication holds 0.92% or 582,229 shares. Wellington Mgmt Grp Limited Liability Partnership invested 0% of its portfolio in Eaton Vance Corp. (NYSE:EV). Profund Advsr Llc has invested 0.03% in Eaton Vance Corp. (NYSE:EV). M&T Financial Bank invested 0% of its portfolio in Eaton Vance Corp. (NYSE:EV). 73,726 are held by Northeast Inv. Legal & General Grp Incorporated Plc has 251,435 shares for 0.01% of their portfolio. 1,840 were reported by Carroll Associates. Btim reported 0.48% in Eaton Vance Corp. (NYSE:EV). Signaturefd Ltd has 0.01% invested in Eaton Vance Corp. (NYSE:EV). Contravisory Investment Mngmt Incorporated has 0.06% invested in Eaton Vance Corp. (NYSE:EV) for 3,004 shares. Teacher Retirement Systems Of Texas invested in 24,360 shares. The Norway-based Dnb Asset Mgmt As has invested 0% in Eaton Vance Corp. (NYSE:EV). Gsa Capital Partners Llp reported 0.07% stake.

Since October 11, 2018, it had 0 buys, and 6 sales for $8.56 million activity. The insider Langstraat Brian D. sold 13,000 shares worth $617,495. Another trade for 5,943 shares valued at $261,291 was sold by HIGDON LEO I JR.

Eaton Vance Corp (NYSE:EV) Receives a Downgrade

Stock analysts at J.P. Morgan’s research division decreased the rating for shares of Eaton Vance Corp (NYSE:EV) to a “Sell” on 28 November. J.P. Morgan now has a price target of $38.0000 on EV or approximately -6.70 % more downside.

Eaton Vance Corp. (NYSE:EV) Ratings Coverage

Among 4 analysts covering Eaton Vance (NYSE:EV), 1 have Buy rating, 2 Sell and 1 Hold. Therefore 25% are positive. Eaton Vance has $63 highest and $3800 lowest target. $46.38’s average target is 13.87% above currents $40.73 stock price. Eaton Vance had 6 analyst reports since August 30, 2018 according to SRatingsIntel. The stock of Eaton Vance Corp. (NYSE:EV) earned “Neutral” rating by Citigroup on Monday, November 19. Deutsche Bank maintained Eaton Vance Corp. (NYSE:EV) rating on Thursday, September 27. Deutsche Bank has “Buy” rating and $63 target. On Thursday, October 11 the stock rating was maintained by Deutsche Bank with “Buy”. Citigroup maintained Eaton Vance Corp. (NYSE:EV) on Thursday, August 30 with “Buy” rating. The stock has “Underweight” rating by JP Morgan on Wednesday, November 28. The firm earned “Sell” rating on Wednesday, November 28 by J.P. Morgan.

The stock increased 0.07% or $0.03 during the last trading session, reaching $40.73. About 2.16 million shares traded or 179.40% up from the average. Eaton Vance Corp. (NYSE:EV) has risen 10.91% since December 2, 2017 and is uptrending. It has underperformed by 4.71% the S&P500.

Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in the United States. The company has market cap of $4.64 billion. It also provides investment management and counseling services to institutions and individuals. It has a 13.9 P/E ratio. Further, the firm operates as an adviser and distributor of investment companies and separate accounts.

More notable recent Eaton Vance Corp. (NYSE:EV) news were published by: Seekingalpha.com which released: “Expected Dividend Increases In November 2018 – Seeking Alpha” on November 06, 2018, also Seekingalpha.com with their article: “EV Charging Gets $240M Push As Trump Threatens Cuts – Seeking Alpha” published on December 01, 2018, Forbes.com published: “GM Must Adapt Or Die: A Lesson For U.S. Automakers – Forbes” on November 30, 2018. More interesting news about Eaton Vance Corp. (NYSE:EV) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For November 28, 2018 – Benzinga” published on November 28, 2018 as well as Investingnews.com‘s news article titled: “BASF to Change EV Battery Formula, Upping Manganese Levels – Investing News Network” with publication date: November 27, 2018.

Eaton Vance Corp. (NYSE:EV) Institutional Positions Chart

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