Momentum Stock Watch: Eaton Vance Corp. (EV)

Company Profile:

Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in the United States. With offices in North America, Europe, Asia and Australia, Eaton Vance and its affiliates managed $449.2 billion in assets as of January 31, 2018, offering individuals and institutions a broad array of investment strategies and wealth management solutions. Eaton Vance Corp. was incorporated on January 29, 1981 and is headquartered in Boston, Massachusetts.

Recent News:

On May 2, 2018, the company announced that Pierric G. (Eric) Senay has joined the firm as Treasurer and Director of Investor Relations. Mr. Senay brings to Eaton Vance broad experience in corporate treasury and finance functions, including at General Motors, GE Capital, Hyundai Capital America and Tesla.

On April 13, 2018, the company reported consolidated assets under management of $433.9 billion on March 31, 2018. This compares to $449.2 billion on January 31, 2018, the close of the company’s first fiscal quarter.

On April 11, 2018, The Board of Directors declared a quarterly dividend of $0.31 per share on its common stock. The dividend is payable May 15, 2018 to shareholders of record on April 30, 2018.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

EV’s strengths can be seen in its strong profitablity compared with its peers. Its revenue and net income have increased over recent several years. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic Oscillator. RSI(14) stands at 50.25 with positive bias. We rate Eaton Vance Corp. (EV) a STRONG BUY.

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