NYSE:EVR - Evercore Stock Price, News, & Analysis

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$91.73 +0.37 (+0.40 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$91.36
Today's Range$91.11 - $92.24
52-Week Range$64.37 - $117.49
Volume211,600 shs
Average Volume574,181 shs
Market Capitalization$3.71 billion
P/E Ratio10.18
Dividend Yield2.19%
Beta1.84
Evercore Inc., together with its subsidiaries, operates as an independent investment banking advisory firm in the United States, Europe, Latin America, and internationally. It operates through two segments, Investment Banking and Investment Management. The Investment Banking segment offers advisory services on mergers, acquisitions, divestitures, leveraged buyouts, restructurings, shareholder activism and defense, and related corporate finance matters; and services related to securities underwriting, private placement services, and commissions for agency-based equity trading services and equity research. It also provides restructuring advice to companies in financial transition, as well as to creditors, shareholders, and potential acquirers, as well as macroeconomic, policy, and fundamental equity research and agency-based equity securities trading for institutional investors. In addition, the company engages in the provision of capital markets advisory services and advisory services focused on secondary transactions for private funds interests; underwriting securities offerings; raising funds for financial sponsors; and private placement activities. The Investment Management segment offers investment advisory and wealth management services for high net-worth individuals and related entities; and institutional asset management services, including financial assets management services for institutional investors, as well as independent fiduciary services for high net-worth individuals. It also holds interests in private equity funds; and provides trust services. The company was formerly known as Evercore Partners Inc. and changed its name to Evercore Inc. in August 2017. Evercore Inc. was founded in 1995 and is headquartered in New York, New York.

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Industry, Sector and Symbol

Industry Investment advice
Sub-IndustryInvestment Banking & Brokerage
SectorFinance
CUSIP29977A10
Phone212-857-3100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.08 billion
Cash Flow$11.8057 per share
Book Value$20.37 per share

Profitability

Net Income$377.24 million

Miscellaneous

Employees1,600
Market Cap$3.71 billion
Next Earnings Date4/24/2019 (Estimated)
OptionableOptionable

Evercore (NYSE:EVR) Frequently Asked Questions

What is Evercore's stock symbol?

Evercore trades on the New York Stock Exchange (NYSE) under the ticker symbol "EVR."

How often does Evercore pay dividends? What is the dividend yield for Evercore?

Evercore declared a quarterly dividend on Thursday, January 31st. Investors of record on Friday, February 22nd will be paid a dividend of $0.50 per share on Friday, March 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Thursday, February 21st. View Evercore's Dividend History.

How will Evercore's stock buyback program work?

Evercore declared that its board has initiated a stock buyback program on Thursday, October 26th 2017, which permits the company to buyback $750,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

How were Evercore's earnings last quarter?

Evercore Inc (NYSE:EVR) released its earnings results on Wednesday, January, 30th. The asset manager reported $3.93 EPS for the quarter, topping the consensus estimate of $2.29 by $1.64. The asset manager had revenue of $776.20 million for the quarter, compared to the consensus estimate of $530.84 million. Evercore had a return on equity of 53.94% and a net margin of 18.15%. The company's revenue for the quarter was up 62.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.55 EPS. View Evercore's Earnings History.

When is Evercore's next earnings date?

Evercore is scheduled to release their next quarterly earnings announcement on Wednesday, April 24th 2019. View Earnings Estimates for Evercore.

What price target have analysts set for EVR?

4 brokers have issued 12 month target prices for Evercore's shares. Their predictions range from $66.00 to $130.00. On average, they anticipate Evercore's share price to reach $100.75 in the next twelve months. This suggests a possible upside of 9.8% from the stock's current price. View Analyst Price Targets for Evercore.

What is the consensus analysts' recommendation for Evercore?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Evercore in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Evercore.

Has Evercore been receiving favorable news coverage?

Media stories about EVR stock have been trending somewhat positive this week, InfoTrie Sentiment reports. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Evercore earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned news coverage about the asset manager a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near future.

Who are some of Evercore's key competitors?

What other stocks do shareholders of Evercore own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Evercore investors own include NVIDIA (NVDA), Alibaba Group (BABA), Applied Materials (AMAT), Micron Technology (MU), Cisco Systems (CSCO), Intel (INTC), JPMorgan Chase & Co. (JPM), Bank of America (BAC), AbbVie (ABBV) and Blackstone Group (BX).

Who are Evercore's key executives?

Evercore's management team includes the folowing people:
  • Mr. John S. Weinberg, Exec. Chairman (Age 62)
  • Mr. Ralph Lewis Schlosstein, Pres, CEO & Director (Age 68)
  • Mr. Roger Charles Altman, Founder & Sr. Chairman (Age 73)
  • Mr. Robert Brien Walsh CPA, Exec. VP, Sr. MD & CFO (Age 62)
  • Mr. Andrew Sibbald, Vice Chairman, Sr. MD, CEO of Evercore International & CEO European Investment Banking (Age 52)

Who are Evercore's major shareholders?

Evercore's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.23%), MERIAN GLOBAL INVESTORS UK Ltd (2.22%), Dimensional Fund Advisors LP (2.21%), Frontier Capital Management Co. LLC (2.12%), Millennium Management LLC (2.05%) and APG Asset Management N.V. (2.02%). Company insiders that own Evercore stock include Adam B Frankel, André Audet, Andrew Sibbald, Ostoa Augusto Arellano, Paola Sabino Roberto Di, Paul Pensa, Ralph Schlosstein, Robert B Walsh and Roger C Altman. View Institutional Ownership Trends for Evercore.

Which major investors are selling Evercore stock?

EVR stock was sold by a variety of institutional investors in the last quarter, including Standard Life Aberdeen plc, Lord Abbett & CO. LLC, Bank of America Corp DE, Scout Investments Inc., Prudential Financial Inc., Mackay Shields LLC, First Trust Advisors LP and Channing Capital Management LLC. Company insiders that have sold Evercore company stock in the last year include Andrew Sibbald, Ostoa Augusto Arellano, Paul Pensa, Ralph Schlosstein, Robert B Walsh and Roger C Altman. View Insider Buying and Selling for Evercore.

Which major investors are buying Evercore stock?

EVR stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, BlackRock Inc., MERIAN GLOBAL INVESTORS UK Ltd, APG Asset Management N.V., Nuveen Asset Management LLC, Peregrine Capital Management LLC, Bank of New York Mellon Corp and Zacks Investment Management. View Insider Buying and Selling for Evercore.

How do I buy shares of Evercore?

Shares of EVR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Evercore's stock price today?

One share of EVR stock can currently be purchased for approximately $91.73.

How big of a company is Evercore?

Evercore has a market capitalization of $3.71 billion and generates $2.08 billion in revenue each year. The asset manager earns $377.24 million in net income (profit) each year or $9.01 on an earnings per share basis. Evercore employs 1,600 workers across the globe.

What is Evercore's official website?

The official website for Evercore is http://www.evercore.com.

How can I contact Evercore?

Evercore's mailing address is 55 EAST 52ND STREET 38TH FLOOR, NEW YORK NY, 10055. The asset manager can be reached via phone at 212-857-3100.


MarketBeat Community Rating for Evercore (NYSE EVR)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  332 (Vote Outperform)
Underperform Votes:  366 (Vote Underperform)
Total Votes:  698
MarketBeat's community ratings are surveys of what our community members think about Evercore and other stocks. Vote "Outperform" if you believe EVR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe EVR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/23/2019 by MarketBeat.com Staff

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