Who owns Eaton Vance?

Who owns Eaton Vance?

Morgan Stanley
On October 8, 2020, Morgan Stanley announced they were purchasing Eaton Vance for $7 billion. The deal was completed on March 1, 2021.

Is Eaton Vance a good investment?

Eaton Vance currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.

Who are Eaton Vance competitors?

The top 10 competitors in Eaton Vance’s competitive set are AMG, AllianceBernstein, Franklin Templeton, Artisan Partners Asset Management Inc., BlackRock, BrightSphere, Cohen & Steers, Federated Investors , GAMCO, Invesco.

What is the stock symbol for eaton Vance?

EVSTC
Stock NextShares (EVSTC) | Eaton Vance.

What did MS pay for Eaton Vance?

Eaton Vance common stockholders were offered 0.5833 Morgan Stanley common shares and $28.25 per share in cash for each Eaton Vance common share, and had the opportunity to elect to receive the merger consideration all in cash or all in stock, subject to proration and adjustment.

How much did Eaton Vance sell for?

That was market analyst Todd Rosenbluth’s assessment of the financial services industry after Morgan Stanley agreed to buy investment management company Eaton Vance in a $7 billion cash-and-stock deal just a week after closing its acquisition of E-Trade.

What did Morgan Stanley pay for Eaton Vance?

in a stock and cash transaction. Eaton Vance common stockholders were offered 0.5833 Morgan Stanley common shares and $28.25 per share in cash for each Eaton Vance common share, and had the opportunity to elect to receive the merger consideration all in cash or all in stock, subject to proration and adjustment.

Does Eaton Vance have financial advisors?

Eaton Vance Management is a large financial advisor firm that has its main offices in Boston. The firm’s advisors principally work with individual clients, though the firm has a number of institutional and advisory clients as well.

Does Eaton Vance have ETFs?

Eaton Vance Corp. is a company in the U.S. stock market and it is a holding in 100 U.S.-traded ETFs.

Is Morgan Stanley taking over Eaton Vance?

Morgan Stanley (NYSE: MS) announced today that it has completed the previously announced acquisition of Eaton Vance Corp. With the addition of Eaton Vance, Morgan Stanley will oversee $5.4 trillion of client assets across its Wealth Management and Investment Management segments.

Does Eaton Vance own Calvert?

2017: Calvert Investment Management (CIM) was purchased by Eaton Vance and replaced with Calvert Research and Management (CRM).

Is Eaton Vance stock a buy?

Eaton Vance has received a consensus rating of Hold. The company’s average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.

Is Eaton Vance a mutual fund?

We offer mutual funds that invest across a wide array of equity, income and alternative strategies.

Is Eaton Vance an RIA?

He thinks the strategy behind the deal is “clear and compelling.” Eaton Vance WaterOak Advisors will remain a separate RIA and get to keep its new name. Much of its success thus far has been attributed to its arms-length relationship with its owner, Eaton Vance.

When did Eaton Vance acquire parametric?

2003
That partner came along in 2003 in the form of Boston-based asset manager Eaton Vance, a firm with a similar thoughtfulness when it came to advising taxable investors.

How much does Eaton Vance pay Morgan Stanley?

New York, Boston — Eaton Vance common stockholders were offered 0.5833 Morgan Stanley common shares and $28.25 per share in cash for each Eaton Vance common share, and had the opportunity to elect to receive the merger consideration all in cash or all in stock, subject to proration and adjustment.

Why did Morgan Stanley Eaton Vance?

The deal is good for Morgan Stanley because it will help the bank distribute funds to retail investors since Eaton Vance is the top U.S. distributor of individual separate accounts, Barclays analyst Jason Goldberg said. It may also help grow revenue in an inexpensive way while growing assets, he said.

Is Parnassus socially responsible?

The Parnassus Funds are actively managed mutual funds that are designed to build wealth for our clients by seeking to outperform the market over the long term in a responsible manner.

Who is the transfer agent for Eaton Vance?

PFPC Inc., a member of The PNC Financial Services Group, Inc. (NYSE: PNC), announced today that the Eaton Vance Funds have renewed their existing agreement with PFPC to provide transfer agency services for retail mutual fund shareholders.

Does parametric own Eaton Vance?

Eaton Vance took a majority stake in Parametric, bolstering its custom SMA business by providing Parametric with access to advisory platforms, support for product development, and distribution expertise.

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