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 2,380 employees at the end of 2024, and about 75% of its revenue is derived from the United States.
Employees: 2,380
0
Funds holding %
of 7,407 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
220% more first-time investments, than exits
New positions opened: 112 | Existing positions closed: 35
100% more funds holding in top 10
Funds holding in top 10: 3 [Q3] → 6 (+3) [Q4]
34% more call options, than puts
Call options by funds: $15.3M | Put options by funds: $11.4M
13% more funds holding
Funds holding: 508 [Q3] → 576 (+68) [Q4]
11% more capital invested
Capital invested by funds: $8.29B [Q3] → $9.19B (+$901M) [Q4]
1.39% more ownership
Funds ownership: 85.7% [Q3] → 87.09% (+1.39%) [Q4]
5% less repeat investments, than reductions
Existing positions increased: 187 | Existing positions reduced: 196
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$173
5%
downside
Avg. target
$235
30%
upside
High target
$339
87%
upside
5 analyst ratings
3 positive
60%
2 neutral
40%
0 negative
0%
Wells Fargo Michael Brown 40% 1-year accuracy 30 / 75 met price target | 1%downside $180 | Equal-Weight Maintained | 8 Apr 2025 |
JMP Securities Devin Ryan 67% 1-year accuracy 4 / 6 met price target | 27%upside $230 | Market Outperform Upgraded | 8 Apr 2025 |
Morgan Stanley Ryan Kenny 9% 1-year accuracy 2 / 22 met price target | 5%downside $173 | Equal-Weight Downgraded | 7 Apr 2025 |
Goldman Sachs James Yaro 40% 1-year accuracy 2 / 5 met price target | 39%upside $252 | Buy Maintained | 2 Apr 2025 |
Keefe, Bruyette & Woods Aidan Hall 38% 1-year accuracy 6 / 16 met price target | 87%upside $339 | Outperform Reiterated | 6 Feb 2025 |
Financial journalist opinion
Negative
Zacks Investment Research
3 days ago
Analysts Estimate Evercore (EVR) to Report a Decline in Earnings: What to Look Out for
Evercore (EVR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
Seeking Alpha
3 weeks ago
Evercore: Overly Penalized
Evercore, much like its investment bank peers, has sold off since the election. A closer look suggests that the fundamentals remain quite strong. The risk/reward looks interesting at current valuations.
Neutral
Benzinga
1 month ago
5 Oversold Stocks To Consider As Market Enters Correction
The S&P 500 had another bloody day on Thursday, once again dropping more than 1% and officially entering correction territory. A correction is typically defined as a 10% drop from all-time highs and while they're common even in bull market years, the speed of the most recent drop has investors jittery.
Positive
Zacks Investment Research
1 month ago
Strength Seen in Evercore (EVR): Can Its 3.5% Jump Turn into More Strength?
Evercore (EVR) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Neutral
Business Wire
1 month ago
Evercore Wealth Management Promotes Paulo Coelho, Neza Gallitano and Alex Lyden to Partner
NEW YORK--(BUSINESS WIRE)--Evercore Wealth Management today announced the promotions of Paulo Coelho, Neza Gallitano and Alex Lyden to partner. Mr. Coelho and Ms. Gallitano are wealth & fiduciary advisors at Evercore Wealth Management and its affiliate, Evercore Trust Company N.A.; Mr. Lyden is the chief fiduciary officer at Evercore Trust Company. “Paulo, Neza and Alex are strong contributors to our firm, focused on meeting clients' financial goals and earning their trust,” said Chris Zand.
Neutral
Business Wire
1 month ago
Joe Modisett Joins Evercore as Senior Managing Director in the Healthcare Investment Banking Group
NEW YORK--(BUSINESS WIRE)--Evercore (NYSE: EVR) announced today that Joe Modisett has joined the firm as a senior managing director in the Healthcare Investment Banking group, based in New York. Naveen Nataraj, co-head of U.S. Investment Banking, said, “It is a pleasure to welcome Joe to our team. Joe's deep connections in biopharma complement our existing relationships and will help further build on our leading track-record in the sector.” “Having worked alongside Joe on numerous deals, I'm ex.
Neutral
Business Wire
1 month ago
Evercore to Host 2nd Annual Private Markets Forum, March 11-12, 2025
NEW YORK--(BUSINESS WIRE)--Evercore (NYSE: EVR) will host its 2nd annual Private Markets Forum in New York City on March 11-12, 2025. This year's event will host executives and industry experts from over 20 leading private markets asset management companies, as well as a broad range of investment professionals. Glenn Schorr, Evercore ISI senior managing director said, “This is one of the most interesting times in the history of the asset management industry, as more of the world is financing it.
Neutral
Business Wire
2 months ago
David Kamo Joins Evercore as Senior Managing Director in Investment Banking
NEW YORK--(BUSINESS WIRE)--Evercore (NYSE: EVR) announced today that David Kamo has joined the firm as a senior managing director to support its growing financial sponsor M&A advisory business, based in New York. “We are excited to welcome David to Evercore,” said Jason Sobol, co-head of Evercore's U.S. Investment Banking business. “David's best-in-class M&A execution excellence and exceptional relationships within the sponsor community make him a trusted advisor to so many. His insight.
Positive
Zacks Investment Research
2 months ago
Evercore Q4 Earnings & Revenues Beat Estimates, AUM Balance Rises
EVR's fourth-quarter results benefit from an increase in revenues from the Investment Management, and Investment Banking and Equities segments.
Neutral
Seeking Alpha
2 months ago
Evercore Inc. (EVR) Q4 2024 Earnings Call Transcript
Evercore Inc. (NYSE:EVR ) Q4 2024 Earnings Conference Call February 5, 2025 8:00 AM ET Company Participants Katy Haber - Managing Director, Investor Relations & ESG John Weinberg - Chairman & Chief Executive Officer Tim LaLonde - Chief Financial Officer Conference Call Participants Mike Brown - Wells Fargo Brennan Hawken - UBS Devin Ryan - Citizens JMP James Yaro - Goldman Sachs Brendan O'Brien - Wolfe Research Aidan Hall - KBW Ryan Kenny - Morgan Stanley Operator Good morning, and welcome to the Evercore Fourth Quarter 2024 and Full-Year Earnings Conference Call. Today's call is scheduled to last about 1 hour, including remarks by Evercore management and the question-and-answer session.
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