February 19, 2013 at 08:56 AM EST
Bank of America Merrill Lynch Raises Numbers on Eaton Vance Corp (EV)

Bank of America Merrill Lynch analysts boosted the price target and earnings estimates on investment management firm Eaton Vance Corp (EV) on Tuesday, as the company is seeing positive growth in assets under management.

The analysts maintain a “Neutral” rating on EV, but raised the price target to $42. This new valuation suggests about a 3% upside to Friday’s closing price of $40.71.

Eaton Vance shares were inactive during pre-market trading on Tuesday. The stock is up +45.6% over the past year.

The Bottom Line
Shares of Eaton Vance Corp (EV) have a dividend yield of 1.97% based on Friday’s closing price of $40.71 and the company’s annualized dividend payout of 80 cents per share.

Eaton Vance Corp (EV) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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