Grimes Company buys $7,560,383 stake in Eaton Vance Corp (EV)

Eaton Vance Corp (EV) : Grimes Company scooped up 17,577 additional shares in Eaton Vance Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 201,664 shares of Eaton Vance Corp which is valued at $7,560,383.Eaton Vance Corp makes up approximately 0.98% of Grimes Company’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in EV by selling 172 shares or 27.7% in the most recent quarter. The Hedge Fund company now holds 449 shares of EV which is valued at $16,833.Jlb Associates Inc boosted its stake in EV in the latest quarter, The investment management firm added 3,557 additional shares and now holds a total of 149,784 shares of Eaton Vance Corp which is valued at $5,637,870. Eaton Vance Corp makes up approx 1.55% of Jlb Associates Inc’s portfolio.Ls Investment Advisors boosted its stake in EV in the latest quarter, The investment management firm added 2,857 additional shares and now holds a total of 11,921 shares of Eaton Vance Corp which is valued at $448,706. Eaton Vance Corp makes up approx 0.03% of Ls Investment Advisors’s portfolio.Nordea Investment Management Ab boosted its stake in EV in the latest quarter, The investment management firm added 304 additional shares and now holds a total of 1,441 shares of Eaton Vance Corp which is valued at $53,879.

Eaton Vance Corp opened for trading at $37.52 and hit $37.94 on the upside on Friday, eventually ending the session at $37.81, with a gain of 0.83% or 0.31 points. The heightened volatility saw the trading volume jump to 9,62,268 shares. Company has a market cap of $4,305 M.

On the company’s financial health, Eaton Vance Corp reported $0.48 EPS for the quarter, based on the information available during the earnings call on May 25, 2016. Analyst had a consensus estimate of $0.48. The company had revenue of $323.30 million for the quarter, compared to analysts expectations of $322.37 million. The company’s revenue was down -8.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.58 EPS.

Eaton Vance Corp is managing investment funds and providing investment management and advisory services to institutions and high-net-worth individuals. The Company develops and sustains management expertise across a range of investment disciplines and offers investment products and services through multiple distribution channels. The Company’s principal investment affiliates Eaton Vance Management Parametric Atlanta Capital and Hexavest offer a range of strategies. The Eaton Vance Management offers Equity income and alternative strategies based on in-depth fundamental analysis. The Parametric offers rules-based alpha-seeking equity alternative and options strategies and implementation services. The Atlanta Capital actively manages high-quality US stock and bond portfolios constructed using bottom-up fundamental analysis. The Hexavest offer global equity and tactical allocation strategies combining fundamental research and quantitative models.

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