Evercore
About: Evercore is an independent investment bank that derives the majority of its revenue from financial advisory, including merger, acquisition, and restructuring advisory. It also has institutional equities trading, equity underwriting, and investment management businesses that account for around 20% of net revenue. The company was founded in 1996 and went public in 2006. Evercore had approximately 2,200 employees at the end of 2023, and about 75% of its revenue is derived from the United States.
Employees: 2,395
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
57% more first-time investments, than exits
New positions opened: 94 | Existing positions closed: 60
13% more capital invested
Capital invested by funds: $7.29B [Q2] → $8.26B (+$968M) [Q3]
7% more funds holding
Funds holding: 466 [Q2] → 500 (+34) [Q3]
0% less call options, than puts
Call options by funds: $17.9M | Put options by funds: $17.9M
7% less repeat investments, than reductions
Existing positions increased: 155 | Existing positions reduced: 167
5.42% less ownership
Funds ownership: 90.78% [Q2] → 85.35% (-5.42%) [Q3]
40% less funds holding in top 10
Funds holding in top 10: 5 [Q2] → 3 (-2) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Morgan Stanley Ryan Kenny 75% 1-year accuracy 9 / 12 met price target | 3%upside $308 | Overweight Maintained | 9 Oct 2024 |
UBS Brennan Hawken 70% 1-year accuracy 28 / 40 met price target | 11%downside $265 | Neutral Maintained | 8 Oct 2024 |
Morgan Stanley Ryan Kenny 75% 1-year accuracy 9 / 12 met price target | 2%upside $306 | Overweight Maintained | 23 Sept 2024 |
Wells Fargo Michael Brown 83% 1-year accuracy 30 / 36 met price target | 14%downside $258 | Equal-Weight Initiated | 12 Sept 2024 |
Financial journalist opinion
Based on 11 articles about EVR published over the past 30 days
