Eaton Vance Corp (NYSE: EV) stock fell 1.44% on November 27^th, 2018 (Source: Google finance) though the company has met the earnings estimates for the fourth quarter of 2018. Consolidated assets under management were $439.3 billion on October 31, 2018, up 4 percent from $422.3 billion of consolidated managed assets on October 31, 2017 and down 3 percent from $453.2 billion of consolidated managed assets on July 31, 2018. The year-over-year increase in consolidated assets under management reflects net inflows of $17.3 billion and market price declines of $0.4 billion in fiscal 2018. The sequential quarterly decrease in consolidated assets under management reflects net inflows of $2.1 billion and market price declines of $16.0 billion in the fourth quarter of fiscal 2018.

EV in the fourth quarter of FY 18 has reported the adjusted earnings per share of 85 cents, which is as per the analysts’ estimates for the adjusted earnings per share of 85 cents, according to Zacks Investment Research. The company had reported the adjusted revenue growth of 7 percent to $436 million in the fourth quarter of FY 18, beating the analysts’ estimates for revenue of $435 million. Equity in net income of affiliates was $2.5 million and $2.9 million in the fourth quarters of fiscal 2018 and 2017, respectively. Equity in net income of affiliates in the fourth quarter of fiscal 2018 included $2.6 million from the Company’s investment in Hexavest and $(0.1) million from the Company’s investment in a private equity partnership

Consolidated net inflows of $2.1 billion in the fourth quarter of fiscal 2018 represent a 2 percent annualized internal growth rate in managed assets. This compares to net inflows of $8.0 billion and 8 percent annualized internal growth in managed assets in the fourth quarter of fiscal 2017 and net inflows of $3.7 billion and annualized internal growth in managed assets of 3 percent in the third quarter of fiscal 2018. Excluding exposure management mandates, the Company’s annualized internal growth rate in managed assets was 5 percent in the fourth quarter of fiscal 2018, 6 percent in the fourth quarter of fiscal 2017 and 8 percent in the third quarter of fiscal 2018.

The Company’s internal management fee revenue growth rate (management fees attributable to consolidated inflows less management fees attributable to consolidated outflows divided by beginning of period consolidated management fee revenue) was 5 percent and 7 percent for the fiscal years ended October 31, 2018 and 2017, respectively.