NEW YORK ( TheStreet) -- Eaton Vance Corporation (NYSE: EV) is trading at unusually high volume Tuesday with 4.2 million shares changing hands. It is currently at four times its average daily volume and trading up $2.34 (+11%) at $23.69 as of 4:08 p.m. ET.

Eaton Vance has a market cap of $2.8 billion and is part of the financial sector and financial services industry. Shares are down 29.4% year to date as of the close of trading on Monday.

Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in the United States. It also provides investment management and counseling services to institutions and individuals. The company has a P/E ratio of 15.1, above the average financial services industry P/E ratio of 15 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Eaton Vance as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Eaton Vance Ratings Report.

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