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 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
94% more first-time investments, than exits
New positions opened: 95 | Existing positions closed: 49
14% more capital invested
Capital invested by funds: $7.49B [Q2] → $8.5B (+$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
5.41% less ownership
Funds ownership: 93.26% [Q2] → 87.85% (-5.41%) [Q3]
40% less funds holding in top 10
Funds holding in top 10: 5 [Q2] → 3 (-2) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$305
8%
upside
Avg. target
$312
10%
upside
High target
$319
13%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Wells Fargo Michael Brown 74% 1-year accuracy 32 / 43 met price target | 8%upside $305 | Equal-Weight Maintained | 14 Jan 2025 |
Keefe, Bruyette & Woods Aidan Hall 93% 1-year accuracy 13 / 14 met price target | 13%upside $319 | Outperform Maintained | 13 Jan 2025 |
Financial journalist opinion
Based on 3 articles about EVR published over the past 30 days
Positive
Seeking Alpha
1 week ago
Trump Win Meaningful For Large Ticket Deals, We Like Evercore Over Moelis
Trump's victory should be considered when looking at companies with exposure to large ticket transactions like EVR, since a laxer FTC will have a positive bearing on those markets. We do want to point out that we are still wary about speculating on a sponsor return to the markets. However, we think that EVR is in an overall position to benefit, and we like their value relative to some peers which, we believe, have similar expected earnings from sponsors.
Neutral
Business Wire
2 weeks ago
Evercore ISI to Host 11th Annual Utility CEO Conference, Jan. 8-10, 2025
NEW YORK--(BUSINESS WIRE)--Evercore (NYSE: EVR) will host its 11th annual Utility CEO Conference in Scottsdale, Arizona, Jan. 8-10, 2025. The power & utilities sector is rapidly establishing itself as a central force in the AI landscape, with the availability of power and supporting infrastructure becoming essential for the development of new data centers. Evercore's annual Utility CEO Retreat One-on-One Conference brings together 33 leading companies driving the AI revolution across the Un.
Positive
Zacks Investment Research
2 weeks ago
Evercore Thrives on Improving M&A Trend Amid Escalating Costs
EVR's rising IB business revenues and strong balance sheet position look encouraging. Yet, rising costs are concerning.
Neutral
Business Wire
1 month 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
1 month 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
2 months 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
2 months 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
2 months 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
2 months 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
2 months 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.
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