Eaton Vance Ltd Duration Income Fund

Xavier Trudeau
Août 13, 2017

The institutional investor owned 43,500 shares of the investment management company's stock after buying an additional 7,000 shares during the period. 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 last quarter. Russell Investments Group Ltd. purchased a new position in Eaton Vance Corporation during the fourth quarter valued at $2,457,000. Dimensional Fund Advisors LP now owns 917,531 shares of the asset manager's stock valued at $38,427,000 after buying an additional 29,592 shares during the last quarter. Bank of New York Mellon Corp now owns 3,308,194 shares of the asset manager's stock worth $156,544,000 after buying an additional 844,813 shares during the period. Finally, Capstone Asset Management Co. raised its position in Eaton Vance Corporation by 2.5% in the first quarter. The company had a trading volume of 335,854 shares. The firm has a 50-day moving average price of $14.05 and a 200-day moving average price of $14.01. Eaton Vance Corporation has a 1-year low of $34.44 and a 1-year high of $50.10. The asset manager reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. The company had revenue of $374.60 million during the quarter, compared to analyst estimates of $373.28 million. Eaton Vance Corporation had a return on equity of 36.63% and a net margin of 18.39%. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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 of this dividend is Wednesday, August 9th. Shareholders of record on Friday, August 11th will be given a $0.0806 dividend. This represents a $1.33 annualized dividend and a yield of 8.70%. Eaton Vance Corporation's dividend payout ratio (DPR) is now 49.34%.

COPYRIGHT VIOLATION NOTICE: "Eaton Vance Tax Managed Buy Write Opport Announces Monthly Dividend of $0.11 (ETV)" was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. The original version of this story can be accessed at https://www.chaffeybreeze.com/2017/08/12/eaton-vance-corporation-nyseev-position-reduced-by-nn-investment-partners-holdings-n-v-updated-updated-updated.html.

A number of analysts have recently issued reports on the company. Jefferies Group LLC restated a "hold" rating and issued a $45.00 price objective on shares of Eaton Vance Corporation in a research note on Wednesday, June 28th. Keefe, Bruyette & Woods reissued a "hold" rating and set a $50.00 target price on shares of Eaton Vance Corporation in a research note on Tuesday, May 23rd. Zacks Investment Research lowered Eaton Vance Corporation from a "buy" rating to a "hold" rating in a research note on Tuesday.

Grimes & Company Inc. decreased its stake in shares of Eaton Vance Corporation (NYSE:EV) by 5.2% during the second quarter, according to its most recent filing with the SEC. Credit Suisse Group upped their price objective on Eaton Vance Corporation from $46.00 to $50.00 and gave the stock a "neutral" rating in a research note on Friday. Two 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's stock. Eaton Vance Corporation's payout ratio is presently 49.34%.

In related news, Director Winthrop H. Smith, Jr. sold 21,885 shares of the stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $48.03, for a total transaction of $1,051,136.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Following the transaction, the insider now directly owns 343,509 shares in the company, valued at approximately $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 value of $124,202.98.

Eaton Vance Municipal Income 2028 Term Trust (the Trust) is a diversified, closed-end management investment company. The Company operates as an investment advisor to funds and separate accounts.

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