Eaton Vance Corporation (EV) : Traders are bullish on Eaton Vance Corporation (EV) as it has outperformed the S&P 500 by a wide margin of 2.56% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.59%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.65% in the last 1 week, and is up 3.62% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.43% and the 50-Day Moving Average is 7.33%. Eaton Vance Corporation (NYSE:EV): stock turned positive on Friday. Though the stock opened at $38.49, the bulls momentum made the stock top out at $38.98 level for the day. The stock recorded a low of $38.41 and closed the trading day at $38.9, in the green by 0.49%. The total traded volume for the day was 748,048. The stock had closed at $38.71 in the previous days trading.
Institutional Investors own 71.8% of Eaton Vance Corporation shares. Also, Equity analysts at the Brokerage firm Keefe Bruyette & Woods maintains its rating on Eaton Vance Corporation (NYSE:EV). The rating major has initiated the coverage with market perform rating on the shares. The Analysts at Keefe Bruyette & Woods raises the price target from $36 per share to $38 per share. The rating by the firm was issued on May 27, 2016.
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 Companys 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.