Eaton Vance Corp (NYSE:EV) announced on Tuesday that its fiscal Q4 earnings surged 13 percent as the money manager benefited from rose assets under management and net inflows.
Mutual fund executives like Eaton Vance have been developing funds to propose more safety in volatile markets in an effort to assist stem the tide of investors pulling out of traditional funds that invest in stocks.
The firm reported, for Oct. 31, assets under management were $199.5B, in contest with $188.2 billion a year before and $192.9 billion as of July 31.
As the net inflows were $2.2B to long-term funds and separate accounts, evaluated with net outflows of $2.7B a year before and net outflows of $1.4B in the Q3.
Eaton Vance Corp (NYSE:EV) traded at $31.65 by increasing 4.73% with price volatility of 3.62% for a week and 2.24% for a month plus price volatility’s Average True Range for 14 days was 0.74 and its beta stands at 1.59 times.
Stocks after opening at $30.00 hit high price of $31.69 and on last session stock held volume of 2.63 million shares which was unexpectedly higher than its average volume of 1.09 million shares.
Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded on the opponent side the debt to equity ratio was 1.77 and long-term debt to equity ratio remained 0.91. The Company had total cash at hand $839.79 million and a book value per share as $4.93 in the most recent quarter.
While investors who viewing EV against other stocks with the reference of profit margin that are The Blackstone Group L.P. (NYSE:BX) having profit margin 31.31%, The Bank of New York Mellon Corporation (NYSE:BK) with 16.27% profit margin, Janus Capital Group Inc. (NYSE:JNS) having 13.99% profit margin and Prospect Capital Corporation (NASDAQ:PSEC) having profit margin of 50.94%.