EV - Eaton Vance Corp.

NYSE - NYSE Delayed Price. Currency in USD
44.37
+0.84 (+1.93%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close43.53
Open0.00
Bid44.29 x 1000
Ask0.00 x 800
Day's Range0.00 - 0.00
52 Week Range
Volume0
Avg. Volume773,896
Market Cap5.08B
Beta (3Y Monthly)1.55
PE Ratio (TTM)13.27
EPS (TTM)3.34
Earnings DateAug 27, 2019 - Sep 3, 2019
Forward Dividend & Yield1.40 (3.22%)
Ex-Dividend Date2019-07-30
1y Target Est42.36
Trade prices are not sourced from all markets
  • EV vs. HRGLY: Which Stock Is the Better Value Option?
    Zacks3 days ago

    EV vs. HRGLY: Which Stock Is the Better Value Option?

    EV vs. HRGLY: Which Stock Is the Better Value Option?

  • Fund Blowups Rekindle Doubts About ETF Liquidity in Crisis Times
    Bloomberg7 days ago

    Fund Blowups Rekindle Doubts About ETF Liquidity in Crisis Times

    (Bloomberg) -- A couple of prominent investment funds are currently living through a portfolio manager’s worst nightmare: So many customers are demanding their money back that withdrawals need to be frozen.Amit Deshpande, a former longtime risk manager, sees it as a wake-up call. In particular, he’s watching the growing ranks of asset managers who rely on ETFs to act as cash equivalents. He wonders whether the funds can be sold off to pay fleeing clients in times of stress as seamlessly as the stewards of the $4 trillion market would like.In other words, are exchange-traded funds the ATMs many managers believe them to be? Or will they fail to sell quickly enough and at sufficient prices during a crunch to fulfill customer demands?“We’ve taken a bunch of semi-liquid securities, put that into an equity wrapper, said now you’re an equity and now you’re liquid,’’ said Deshpande, currently head of fixed income quantitative investments and research at T. Rowe Price Group Inc. “It doesn’t always work that way.’’Client WithdrawalsSkeptics have long questioned how easily ETFs can be turned into cash during a sell-off. But most of the focus has been on the funds facing their own client withdrawals, not money managers holding ETFs to pay off investors in other kinds of funds.The growing concern comes as active managers such as U.K. stock picker Neil Woodford, Switzerland’s GAM Holding AG and London-based H20 Asset Management grapple with redemptions. Bond ETFs in particular are eliciting alarms. They account for less than 1% of the fixed-income market, but assets have grown quickly to $1 trillion and they’re increasingly popular as cash substitutes.About half the institutions that own bond ETFs are using them for cash management, according to a survey by Greenwich Associates. Eaton Vance Corp. uses a loan ETF to avoid cash drag in its short-duration strategic income fund, for example.Fund LiquidityMuch depends on the mismatch between the liquidity of the funds, which trade every second, and that of the securities they own. Proponents argue that this means ETFs better reflect the value of their holdings than slower-to-react mutual funds. But concerns linger that any breakdown in the relationship between the prices of the funds and their securities, particularly in fixed income, could imperil owners.The European Systemic Risk Board recently warned that price decoupling could raise systemic risk by destabilizing institutions that rely on ETFs for quick cash. The U.S. Securities and Exchange Commission didn’t respond to requests for comment.Boosters say that ETFs are ideal cash replacements thanks to a unique structure that makes them more liquid than other types of funds. While ETFs expand and contract as money flows in and out, they also trade on exchanges like stocks.Secondary TradesSecondary trading means there always should be a market. When an ETF’s price falls below the value of its holdings, sophisticated traders step in to buy the discounted ETF shares and swap them for the underlying securities. The traders can then sell those securities at the higher price, earning an arbitrage and bringing the price of the ETF back in line with its value.The world’s largest junk-bond ETF, the iShares iBoxx High Yield Corporate Bond ETF, sees about six shares trade in the secondary market for every share that’s created or redeemed on an average day, according to Bloomberg Intelligence. In times of market stress, that ratio can spike as high as 20 to 1.ETFs “absorb market activity as underlying bond trading recedes,” BlackRock Inc., the world’s largest issuer of ETFs, said in a paper last month.Flash CrashNot all U.S. bond ETFs are created equal, however. Though three of them trade more than $1 billion shares a day, half see turnover of less than $1 million. While ETFs are designed to meet redemptions with securities, funds that own leveraged loans or overseas debt usually hand out cash, tempering the arbitrage opportunities that keep fund values in line with their holdings.“When someone wants to look at an ETF very specifically for liquidity-management purposes, of course they should look at how actively traded that particular ETF is within that sector,” said Stephen Laipply, head of fixed-income strategy for BlackRock’s U.S. ETF business.Even the structure itself isn’t bulletproof. During the flash crash of Aug. 24, 2015, market makers on the exchanges found themselves unable to price ETFs as futures contracts went dark, and hundreds of ETFs temporarily stopped trading after the resulting volatility triggered exchange limits. In June 2013, Citigroup Inc. stopped redeeming ETF shares for clients after hitting its internal risk limits. Last year, two banks stepped away from a cannabis ETF after it changed custodians.Tighter balance sheets in the wake of the financial crisis have also encouraged some banks to scale back ETF trading. Electronic brokers have stepped in, but fears remain that they could back away in a volatile market, leaving funds to trade at a discount. Investors would still be able to sell, just not at the price they might like.“To say this is a foolproof mechanism,” Deshpande said, “let me just say, it needs to be tested.”To contact the reporters on this story: Rachel Evans in New York at revans43@bloomberg.net;Emily Barrett in New York at ebarrett25@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Bob Ivry, Larry ReibsteinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • PR Newswire7 days ago

    Eaton Vance Corp. Reports June 30, 2019 Assets under Management

    BOSTON , July 12, 2019 /PRNewswire/ -- Eaton Vance Corp. (NYSE: EV) today reported consolidated assets under management of $474.4 billion on June 30, 2019 . This compares to $469.9 billion on April 30, ...

  • Eaton Vance (EV) is a Top Dividend Stock Right Now: Should You Buy?
    Zacks7 days ago

    Eaton Vance (EV) is a Top Dividend Stock Right Now: Should You Buy?

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Eaton Vance (EV) have what it takes? Let's find out.

  • 3 Reasons Why Growth Investors Shouldn't Overlook Eaton Vance (EV)
    Zacks7 days ago

    3 Reasons Why Growth Investors Shouldn't Overlook Eaton Vance (EV)

    Eaton Vance (EV) is well positioned to outperform the market, as it exhibits above-average growth in financials.

  • PR Newswire9 days ago

    Eaton Vance Corp. Declares Quarterly Dividend and Authorizes the Repurchase of up to 8 Million Shares

    BOSTON , July 10, 2019 /PRNewswire/ -- The Board of Directors of Eaton Vance Corp. (NYSE: EV) today declared a quarterly dividend of $0.35 per share on its common stock. The dividend is payable August ...

  • This Eaton Vance Atlanta Capital Fund Seeks Stocks To Invest In That Grow Despite Volatility
    Investor's Business Daily11 days ago

    This Eaton Vance Atlanta Capital Fund Seeks Stocks To Invest In That Grow Despite Volatility

    Eaton Vance fund co-manager Mark Hereford ignores the stock market's short-term zigs and zags while seeking stocks to invest in. He's in for the long game.

  • Here's Why Eaton Vance (EV) Should be Added to Your Portfolio
    Zacks15 days ago

    Here's Why Eaton Vance (EV) Should be Added to Your Portfolio

    Eaton Vance (EV) appears to be a promising bet, riding on solid organic growth, earnings strength and long-term growth opportunities.

  • Victory Capital (VCTR) Closes Buyout of USAA Asset Management
    Zacks16 days ago

    Victory Capital (VCTR) Closes Buyout of USAA Asset Management

    Victory Capital Holdings (VCTR) completes acquisition of USAA Asset Management Company, a privately-owned investment manager based in San Antonio.

  • PR Newswire18 days ago

    Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

    BOSTON , July 1, 2019 /PRNewswire/ -- The following Eaton Vance closed-end funds (the "Funds") announced distributions today as detailed below. Declaration – 7/1/2019       Ex-Date – 7/10/2019       ...

  • Here’s What Hedge Funds Think About Eaton Vance Corp (EV)
    Insider Monkey21 days ago

    Here’s What Hedge Funds Think About Eaton Vance Corp (EV)

    The Insider Monkey team has completed processing the quarterly 13F filings for the March quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]

  • PR Newswire21 days ago

    Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

    BOSTON , June 28, 2019 /PRNewswire/ -- The Eaton Vance closed-end funds listed below released today the estimated sources of their June distributions (each a "Fund").  This press release is issued ...

  • PR Newswire23 days ago

    Eaton Vance Announces Strategic Initiative to Strengthen Leadership Positions in Rules-Based, Systematic Investing, Customized Individual Separate Accounts and Wealth Management Solutions

    BOSTON , June 26, 2019 /PRNewswire/ -- Eaton Vance Corp. (Eaton Vance (NYSE: EV)) announced today a strategic initiative within its Parametric Portfolio Associates LLC (Parametric) and Eaton Vance Management ...

  • This is Why Eaton Vance (EV) is a Great Dividend Stock
    Zacks23 days ago

    This is Why Eaton Vance (EV) is a Great Dividend Stock

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Eaton Vance (EV) have what it takes? Let's find out.

  • Looking for a Growth Stock? 3 Reasons Why Eaton Vance (EV) is a Solid Choice
    Zacks23 days ago

    Looking for a Growth Stock? 3 Reasons Why Eaton Vance (EV) is a Solid Choice

    Eaton Vance (EV) is well positioned to outperform the market, as it exhibits above-average growth in financials.

  • PR Newswire28 days ago

    Eaton Vance Floating-Rate Income Plus Fund Announces Changes To Investment Strategy And Portfolio Management Team

    BOSTON, June 21, 2019 /PRNewswire/ -- The Board of Trustees of Eaton Vance Floating-Rate Income Plus Fund (NYSE: EFF) (the Fund) has approved changes to the Fund's investment policies.  Under normal market conditions, the Fund invests at least 80% of its total assets in senior secured floating-rate loans and may invest up to 20% of its total assets in debt obligations other than such loans.  Currently, the Fund may not invest in collateralized debt obligations and may invest up to 5% of its total assets in collateralized loan obligations.  Pursuant to its revised policies, which are effective immediately, the Fund may invest up to 20% of its total assets in collateralized loan obligations and collateralized debt obligations.

  • PR Newswire28 days ago

    Lance Garrison, CFA, Principal of Atlanta Capital Management, selected to join the SASB Standards Advisory Group

    ATLANTA , June 21, 2019 /PRNewswire/ -- Atlanta Capital Management Company, LLC (Atlanta Capital), an affiliate of Eaton Vance Corp. (NYSE: EV), announced today that Lance Garrison , CFA, Vice President ...

  • PR Newswire28 days ago

    Parametric Announces New Head of Responsible Investing and the Expansion of the Global Research Team

    SEATTLE , June 21, 2019 /PRNewswire/ -- Parametric Portfolio Associates LLC (Parametric), an affiliate of Eaton Vance Corp. (NYSE: EV), today announced three new hires: Gwen Le Berre as Head of Responsible ...

  • Eaton Vance (EV) Up 4% Since Last Earnings Report: Can It Continue?
    Zacks29 days ago

    Eaton Vance (EV) Up 4% Since Last Earnings Report: Can It Continue?

    Eaton Vance (EV) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Eaton Vance Adds Kelley G. Baccei and Jeffrey D. Mueller to High-Yield Bond Fund Portfolio Management Teams
    PR Newswirelast month

    Eaton Vance Adds Kelley G. Baccei and Jeffrey D. Mueller to High-Yield Bond Fund Portfolio Management Teams

    BOSTON , June 19, 2019 /PRNewswire/ -- Eaton Vance Management (EVM) and Eaton Vance Advisers International Ltd. (EVAIL), subsidiaries of Eaton Vance Corp. (NYSE: EV), announced today the addition of Kelley ...

  • Barrons.comlast month

    How to Prepare Your Portfolio for Falling Interest Rates

    Interest rates could fall by more than three-quarters of a point over the next year. That would have wide-ranging consequences for stocks, bonds, and savings vehicles like money-market funds.

  • Did Hedge Funds Drop The Ball On Ensco Rowan plc (ESV) ?
    Insider Monkeylast month

    Did Hedge Funds Drop The Ball On Ensco Rowan plc (ESV) ?

    Like everyone else, elite investors make mistakes. Some of their top consensus picks, such as Amazon, Facebook and Alibaba, have not done well in Q4 due to various reasons. Nevertheless, the data show elite investors' consensus picks have done well on average over the long-term. The top 20 stocks among hedge funds beat the S&P […]

  • Can Value Investors Consider Eaton Vance (EV) Stock Now?
    Zackslast month

    Can Value Investors Consider Eaton Vance (EV) Stock Now?

    Let's see if Eaton Vance (EV) stock is a good choice for value-oriented investors right now from multiple angles.

  • Will Eaton Vance (EV) Gain on Rising Earnings Estimates?
    Zackslast month

    Will Eaton Vance (EV) Gain on Rising Earnings Estimates?

    Eaton Vance (EV) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.