$EV (Eaton Vance Corp.)

$EV {{ '2016-05-25T15:17:24+0000' | timeago}} • Webcast

Provider of investment management and advisory services $EV said that although it continues to maintain positive organic growth, the market movement, seasonal FX and lower average fee rates driven mainly by changes in product mix, pushed revenues lower in 2Q16. This resulted in a decline in earnings during the quarter.

$EV {{ '2017-05-24T16:02:10+0000' | timeago}} • Webcast

$EV said Calvert's contribution to the financial result was consistent with the expectation. In 2Q17, Calvert contributed $21MM to the revenue and $3.5MM to operating income, compared with $7.6MM of revenue and $1.5MM of operating income in 1Q17. The company acquired the business assets of Calvert Investment Management, Inc. on Dec. 30, 2016.

$EV {{ '2017-05-24T15:53:37+0000' | timeago}} • Webcast

$EV had a record quarter in terms of managed assets. Ending consolidated managed assets at the end of 2Q17 increased 6% QoQ and 21% YoY, reflecting record quarterly net inflows and positive market returns, as well as the impact of Calvert acquisition.

$EV {{ '2017-05-24T13:14:19+0000' | timeago}} • Announcement

Investment management company $EV's 2Q17 net income rose 31% YoY to $71.9MM, compared to $54.9MM during 2Q16. Diluted EPS rose 29% YoY to $0.62 from $0.48 during prior year period. Revenues rose to $374.6MM. Consolidated assets under management rose 21% to $387Bil from $318.7Bil during 2Q16.

$EV {{ '2016-11-23T12:30:55+0000' | timeago}} • Webcast

Regarding the demand on muni side, $EV said the muni securities are with longer duration of 20-year term and 10-year call date. The company said the business is substantially diversified with great inflows and well positioned for strong performance across line ups in a range of duration exposures.

$EV {{ '2016-11-23T12:30:11+0000' | timeago}} • Webcast

$EV said it agreed to acquire the assets of Calvert Investment Management, a Maryland-based recognized leader in responsibly investing with about 12.3Bil in AUM. The transaction is expected to complete on Dec, 31, 2016.

$EV {{ '2016-11-23T12:30:00+0000' | timeago}} • Webcast

Waddell & Reed launched the first 3 NextShares funds by an advisor other than $EV. The company also said interactive brokers and automated global electronic brokers began offering NextShares funds to retail investors and financial professionals through investing and trading platforms.

$EV {{ '2016-11-23T12:28:59+0000' | timeago}} • Webcast

$EV said it finished FY16 with consolidated assets under management (AUM) of $336.4Bil, up 8% from a year ago. The increase was driven by net inflows of $19.3Bil and market price appreciation of $5.8Bil. Performance fees contributed less than $0.005 per diluted share.

$EV {{ '2016-11-22T15:19:51+0000' | timeago}} • Announcement

Investment management company $EV reported 4Q17 EPS of $0.57, up 8% from a year ago. Consolidated assets under management were $336.4Bil, up 8% from the year-ago period. Revenue rose to $346,85MM.

$EV {{ '2016-08-17T17:21:47+0000' | timeago}} • Webcast

Robert Lee of KBW asks about the split in equity inflows between the institutional and retail side in 3Q16. $EV CFO Laurie Hylton said that equity inflows were positive in open-end private fund category and they were a little bit weaker on the institutional side.

$EV {{ '2016-08-17T17:06:42+0000' | timeago}} • Webcast

$EV said that compensation expense in 3Q16 was down 2% from the previous year, helped by lower incentive compensation accruals and the decrease in stock-based compensation expense. Expenses related to NextShares, a new type of investment fund which was introduced by $EV, totaled approx. $2.4MM for 3Q16, the company said.

$EV {{ '2016-08-17T17:00:26+0000' | timeago}} • Webcast

$EV said that Interactive Brokers Group has announced plans in May to offer NextShares, a new type of investment fund which was introduced by the company in February. $EV added that in July, UBS Financial Services announced plans to offer NextShares through its network of 7,100 financial advisers in the U.S.

$EV {{ '2016-08-17T13:12:50+0000' | timeago}} • Announcement

During first 9 months of FY16, $EV stated that it used $205MM to repurchase and retire about 6.1MM shares of its non-voting common stock under its repurchase authorizations. Of the current 8MM share repurchase authorization, the company has about 4.2MM shares remain available.

$EV {{ '2016-08-17T13:10:44+0000' | timeago}} • Announcement

$EV said its 49% owned affiliate Hexavest Inc. managed $14.4Bil of client assets as of July 31, 2016. This was down 3% from $14.8Bil of managed assets on July 31, 2015. Hexavest-managed funds and separate accounts had net outflows of $0.5Bil during 3Q16 and $0.3Bil during 2Q16.

$EV {{ '2016-08-17T13:08:42+0000' | timeago}} • Announcement

$EV's consolidated assets under management, or AUM, grew 7% to $334.4Bil on July 31, 2016 from $312.6Bil on July 31, 2015. The YoverY increase reflects net inflows of $19Bil and market price appreciation of $2.8Bil. Consolidated net inflows were $7.1Bil during 3Q16, which represented a 9% annualized internal growth rate.

$EV {{ '2016-08-17T13:05:38+0000' | timeago}} • Announcement

Investment management firm $EV reported a 8% decline in 3Q16 earnings due to lower revenues. Net income fell to $62.9MM or $0.55 per share from $68.71MM or $0.57 per share last year. Total revenues slid 4% to $341.17MM, hurt by lower investment advisory and administrative fees of 4%. Adjusted EPS declined 2% to $0.56.

$EV {{ '2016-05-25T16:12:06+0000' | timeago}} • Webcast

$EV said that 2Q16 effective tax rate was 38.7% vs. 38.4% in 1Q16 and 37.6% in 2Q15. The company anticipates its adjusted effective tax rate to be approx. 38.5% for FY16. $EV repurchased 2.1MM shares of non-voting common stock for approx. $70.7MM in 2Q16.

$EV {{ '2016-05-25T16:04:45+0000' | timeago}} • Webcast

During 2Q16, $EV's operating margin was 30%, substantially unchanged from 1Q16, but down from 35% in 2Q15. The YoverY decline reflects the math of an 8% decrease in revenue and 1% lower expenses. The company said that approx. 45-50% of total expenses are variable, which are driven by managed asset levels and gross sales or operating income.

$EV {{ '2016-05-25T15:54:37+0000' | timeago}} • Webcast

$EV, which competes with $LM, $BEN and $TROW, said that 2Q16 revenue fell 2% sequentially and 8% YoverY. The 2% decline in revenue is due to two fewer days in the quarter, while the 8% decline reflects lower average managed assets in certain high fee franchises mostly notably floating rate bank loans and emerging market equities.

$EV {{ '2016-05-25T15:44:30+0000' | timeago}} • Webcast

$EV stated that it has acquired a minority equity interest in SigFig, a B2B focused wealth management technology and robo-advising firm. The company says that SigFig is focused on cost and tax efficient investing, which is well aligned with $EV's NextShares and custom beta initiatives.

$EV {{ '2016-05-25T15:32:23+0000' | timeago}} • Webcast

$EV said that 2Q16 net outflows were concentrated in three areas; Parametric exposure management with net outflows of $1.7Bil, floating rate bank loans with net outflows of $1.2Bil and Eaton Vance Investment Counsel with net outflows of $800MM during the quarter.

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