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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
76% more first-time investments, than exits
New positions opened: 95 | Existing positions closed: 54
14% more capital invested
Capital invested by funds: $7.29B [Q2] → $8.29B (+$1.01B) [Q3]
9% more funds holding
Funds holding: 467 [Q2] → 508 (+41) [Q3]
0% less call options, than puts
Call options by funds: $17.9M | Put options by funds: $17.9M
6% less repeat investments, than reductions
Existing positions increased: 159 | Existing positions reduced: 169
5.04% less ownership
Funds ownership: 90.79% [Q2] → 85.75% (-5.04%) [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
Low target
$265
4%
downside
Avg. target
$308
11%
upside
High target
$339
23%
upside
4 analyst ratings
2 positive
50%
2 neutral
50%
0 negative
0%
Keefe, Bruyette & Woods Aidan Hall 73% 1-year accuracy 8 / 11 met price target | 23%upside $339 | Outperform Upgraded | 20 Dec 2024 |
Wells Fargo Michael Brown 68% 1-year accuracy 28 / 41 met price target | 15%upside $318 | Equal-Weight Maintained | 12 Dec 2024 |
Morgan Stanley Ryan Kenny 64% 1-year accuracy 9 / 14 met price target | 12%upside $308 | Overweight Maintained | 9 Oct 2024 |
UBS Brennan Hawken 74% 1-year accuracy 29 / 39 met price target | 4%downside $265 | Neutral Maintained | 8 Oct 2024 |
Financial journalist opinion
Neutral
Business Wire
2 weeks ago
Evercore Chief Executive Officer John S. Weinberg to Participate in the Goldman Sachs 2024 Financial Services Conference on December 10
NEW YORK--(BUSINESS WIRE)--Evercore Chief Executive Officer John S. Weinberg to Participate in the Goldman Sachs 2024 Financial Services Conference on December 10.
Positive
Zacks Investment Research
4 weeks ago
Why Is Evercore (EVR) Up 17.8% Since Last Earnings Report?
Evercore (EVR) reported earnings 30 days ago. What's next for the stock?
Neutral
Business Wire
1 month ago
Eric Neveux and Graham Nix Join Evercore as Senior Managing Directors in the Financial Institutions Group
NEW YORK--(BUSINESS WIRE)--Evercore (NYSE: EVR) announced today that Eric Neveux and Graham Nix have joined the firm as senior managing directors in the Financial Institutions Group based in Chicago and New York, respectively. Their arrival marks Evercore's latest effort in continuing to build its financial institutions business, which has been an area of significant investment and expansion. Jason Sobol, co-head of U.S. Investment Banking, said, “The financial institutions business remains a c.
Neutral
Business Wire
1 month ago
Evercore Hosts 7th Annual HealthCONx Conference, Dec. 3-5, 2024
NEW YORK--(BUSINESS WIRE)--Evercore (NYSE: EVR) will host its 7th annual HealthCONx Conference at the Loews Coral Gables Hotel in Coral Gables, Florida, Dec. 3-5, 2024. This year's conference features over 600 industry experts and corporate leaders from more than 225 leading healthcare companies. Across three days, guests will have the opportunity to attend panels, fireside chats, scheduled investor meetings and company-hosted dinners while directly engaging with key industry professionals. The.
Neutral
Business Wire
1 month ago
Evercore ISI Recognized as the #1 Firm in U.S. Equity Research for the Third Consecutive Year
NEW YORK--(BUSINESS WIRE)--Evercore ISI was ranked No. 1 among all firms for top-ranked analysts on a weighted basis in Extel's (previously Institutional Investor) All-America Equity Research survey for the third consecutive year. This overall rank is determined by applying the greatest weight to the highest-ranked individuals in each category. Evercore ISI analysts were recognized as Top 3 or Runner Up in 47 categories, and they maintained the largest number of No. 1 position rankings at 17, u.
Neutral
Business Wire
1 month ago
Katrina Niehaus Joins Evercore as Senior Managing Director to Lead Structured Capital Solutions Group
NEW YORK--(BUSINESS WIRE)--Evercore (NYSE: EVR) announced today that Katrina Niehaus has joined the firm as a senior managing director to lead the firm's structured finance effort, based in New York. Daniel Mendelow, co-head of U.S. Investment Banking, said, “Katrina is a trusted expert in the structured finance industry and has cultivated strong relationships over the course of her career. We are looking forward to welcoming her to the team to provide creative capital solutions to Evercore's c.
Positive
Zacks Investment Research
1 month ago
Evercore Q3 Earnings & Revenues Beat Estimates, Expenses Rise Y/Y
A solid segmental performance leads to an increase in EVR's revenue base, positively influencing its Q3 earnings. Yet, a rising expense base remains a concern.
Neutral
Seeking Alpha
1 month ago
Evercore: Markets Might Not Have Liked Lack Of Sponsor Business
Evercore had a solid quarter from our point of view, but markets were likely expecting more in the quarter that ended after the first rate cut. In particular, sponsors, as we predicted, would need more than one rate cut to come back to markets in earnest. The sponsor-reliant picks in the sector, including Evercore, are not having a great day on that account.
Neutral
Seeking Alpha
1 month ago
Evercore Inc. (EVR) Q3 2024 Earnings Call Transcript
Evercore Inc. (NYSE:EVR ) Q3 2024 Earnings Conference Call October 23, 2024 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 Brendan O'Brien - Wolfe Research Ryan Kenny - Morgan Stanley James Yaro - Goldman Sachs Jim Mitchell - Seaport Global Devin Ryan - Citizens JMP Aidan Hall - KBW Mike Brown - Wells Fargo Operator Good morning and welcome to the Evercore Third Quarter 2024 Earnings Conference Call. Today's call is scheduled to last about one hour, including remarks by Evercore management and the question-and-answer session.
Positive
Zacks Investment Research
1 month ago
Here's What Key Metrics Tell Us About Evercore (EVR) Q3 Earnings
The headline numbers for Evercore (EVR) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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