Eaton Vance Corporation (EV) : The total negative money flow of $5.78 million on Tuesday indicates selling on strength. The inflow of money on upticks was $3.35 million, compared to $9.13 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.37. The negative money flow of $5.65 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $5.65 million. The price action in the Eaton Vance Corporation (EV) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $40.06 with a gain of $0.45 , a change of 1.14% over the previous days close. The stock registered 0.88% for the week.
Also, Keefe Bruyette & Woods maintains its rating on Eaton Vance Corporation (NYSE:EV). The global brokerage major raises the current price target from $38 per share to $40 per share. Analysts at the Keefe Bruyette & Woods have a current rating of Market Perform on the shares. The rating by the firm was issued on August 19, 2016.
Shares of Eaton Vance Corp. rose by 0.6% in the last five trading days and 6.74% for the last 4 weeks. Eaton Vance Corp. is up 10.81% in the last 3-month period. Year-to-Date the stock performance stands at 26.5%.
Eaton Vance Corporation (NYSE:EV): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.69 and $39.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.06, notching a gain of 1.14% for the day. The total traded volume was 640,644 . The stock had closed at $39.61 on the previous day.
In a related news, Smith Winthrop H Jr, director of Eaton Vance Corp, unloaded 8,197 shares at an average price of $37.2 on June 23, 2016. The total amount of the transaction was worth $304,928, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.