Pensionfund Sabic adds Eaton Vance Corp (EV) to its portfolio

Eaton Vance Corp (EV) : Pensionfund Sabic added new position in Eaton Vance Corp during the most recent quarter end. The investment management firm now holds 40,000 shares of Eaton Vance Corp which is valued at $1,500,800 , the company said in a statement filed on Oct 12, 2016 with the SEC.Eaton Vance Corp makes up approximately 0.47% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Weaver C. Barksdale Associates boosted its stake in EV in the latest quarter, The investment management firm added 1,974 additional shares and now holds a total of 2,160 shares of Eaton Vance Corp which is valued at $81,043. Eaton Vance Corp makes up approx 0.14% of Weaver C. Barksdale Associates’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in EV in the latest quarter, The investment management firm added 8,426 additional shares and now holds a total of 55,019 shares of Eaton Vance Corp which is valued at $2,108,878. Eaton Vance Corp makes up approx 0.05% of Oregon Public Employees Retirement Fund’s portfolio. Gradient Investments added EV to its portfolio by purchasing 33 company shares during the most recent quarter which is valued at $1,265.Bnp Paribas Arbitrage Sa reduced its stake in EV by selling 19,610 shares or 33.37% in the most recent quarter. The Hedge Fund company now holds 39,157 shares of EV which is valued at $1,522,424. Eaton Vance Corp makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Eaton Vance Corp closed down -0.81 points or -2.11% at $37.52 with 8,30,290 shares getting traded on Tuesday. Post opening the session at $38.15, the shares hit an intraday low of $37.27 and an intraday high of $38.17 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Eaton Vance Corp reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 17, 2016. Analyst had a consensus of $0.55. The company had revenue of $341.17 million for the quarter, compared to analysts expectations of $340.06 million. The company’s revenue was down -4.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.57 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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