Last $41.89 USD
Change Today -0.99 / -2.31%
Volume 876.8K
EV On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

eaton vance corp (EV) Snapshot

Open
$43.02
Previous Close
$42.88
Day High
$43.19
Day Low
$41.63
52 Week High
11/7/14 - $46.75
52 Week Low
10/15/14 - $33.47
Market Cap
5.0B
Average Volume 10 Days
926.1K
EPS TTM
$2.43
Shares Outstanding
118.3M
EX-Date
10/29/14
P/E TM
17.2x
Dividend
$1.00
Dividend Yield
2.17%
Current Stock Chart for EATON VANCE CORP (EV)

eaton vance corp (EV) Related Businessweek News

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eaton vance corp (EV) Details

Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in the United States. It also provides investment management and counseling services to institutions and individuals. Further, the company operates as an adviser and distributor of investment companies and separate accounts. As of October 31, 2004, the company provided investment advisory or administration services to approximately 150 funds; approximately 1,300 separately managed individual and institutional accounts; and participated in approximately 40 retail-managed account broker/dealer programs. It markets and distributes shares of funds through a retail network of national and regional broker/dealers, banks, insurance companies, and financial planning firms. Eaton Vance Corp. was founded in 1944 and is headquartered in Boston, Massachusetts.

eaton vance corp (EV) Top Compensated Officers

Chief Executive Officer, President, Chairman,...
Total Annual Compensation: $512.5K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $320.0K
President of Eaton Vance Distributors Inc
Total Annual Compensation: $315.0K
Chief Income Investment Officer and Vice Pres...
Total Annual Compensation: $384.0K
Compensation as of Fiscal Year 2013.

eaton vance corp (EV) Key Developments

Eaton Vance Corp. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended October 31, 2014

Eaton Vance Corp. announced consolidated earnings results for the fourth quarter and full year ended October 31, 2014. In the fourth quarter of fiscal 2014, the company's revenue increased 3% to $368.4 million from revenue of $356.9 million in the fourth quarter of fiscal 2013. Investment advisory and administrative fees were up 4 %, reflecting an 8% increase in average consolidated assets under management and lower average effective fee rates. Operating income was up 11% to $139.2 million in the fourth quarter of fiscal 2014 from $125.4 million in the fourth quarter of fiscal 2013. Net income attributable to Eaton Vance Corp. shareholders was $80,122,000 or $0.66 per diluted share against $57,152,000 or $0.45 per diluted share a year ago. Adjusted net income attributable to Eaton Vance Corp. shareholders was $83,103,000 or $0.68 per diluted share against $69,953,000 or $0.55 per diluted share a year ago. For the year, the company reported revenue of $1,231,188,000 against $1,135,327,000 a year ago. Operating income was $519,857,000 against $453,007,000 a year ago. Net income attributable to Eaton Vance Corp. shareholders was $304,316,000 or $2.44 per diluted share against $193,841,000 or $1.53 per diluted share a year ago. Adjusted net income attributable to Eaton Vance Corp. shareholders was $309,627,000 or $2.48 per diluted share against $262,942,000 or $2.08 per diluted share a year ago.

Eaton Vance Corp. - Special Call

To discuss the notice of intent issued by U.S. Security and Exchange Commission (SEC) to grant Eaton Vance exemptive relief to permit the offering of exchange-traded managed funds

Eaton Vance Corp. Enters Credit Agreement for Revolving Credit Facility with Wells Fargo Bank

On October 21, 2014, Eaton Vance Corp. executed a credit agreement for a revolving credit facility with Wells Fargo Bank, National Association as administrative agent, the company's wholly owned subsidiary, Eaton Vance Management (EVM), as guarantor, and Additional Borrowers and Lenders from time to time as defined in the Agreement. The Agreement, which expires on October 21, 2019, provides for a five-year $300 million unsecured revolving credit facility with a $35 million sublimit for swingline loans. Subject to the terms of the Agreement, the Facility may be increased up to $400 million based on commitments from new Lenders or increases in commitments by existing Lenders subject to the consent of the company and Wells Fargo Bank. Proceeds from the Facility may be used for, but not limited to, working capital and other general corporate purposes of the Company and its subsidiaries. As of October 21, 2014, the Facility replaced a revolving credit facility entered into between the company, JPMorgan Chase Bank, N.A., J.P. Morgan Securities LLC, EVM, and several lending banks pursuant to an agreement dated June 4, 2012.

 

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Industry Analysis

EV

Industry Average

Valuation EV Industry Range
Price/Earnings 16.7x
Price/Sales 3.3x
Price/Book 7.3x
Price/Cash Flow 16.3x
TEV/Sales 2.2x
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