About Evercore (NYSE:EVR)
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.
Industry, Sector and Symbol
Industry Investment advice
Sub-IndustryInvestment Banking & Brokerage
Trailing P/E Ratio18.25
Forward P/E Ratio14.52
Sales & Book Value
Annual Sales$1.72 billion
Price / Sales2.62
Cash Flow$7.7339 per share
Price / Cash14.32
Book Value$20.37 per share
Price / Book5.44
EPS (Most Recent Fiscal Year)$5.45
Net Income$125.45 million
Return on Equity40.90%
Return on Assets20.38%
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 Tuesday, April 24th. Investors of record on Friday, May 25th will be paid a dividend of $0.50 per share on Friday, June 8th. This represents a $2.00 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Thursday, May 24th. This is an increase from Evercore's previous quarterly dividend of $0.40. View Evercore's Dividend History.
How will Evercore's stock buyback program work?
Evercore declared that its Board of Directors has approved a stock buyback plan on Thursday, October 26th 2017, which allows the company to repurchase $750,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.
How were Evercore's earnings last quarter?
Evercore Inc (NYSE:EVR) announced its quarterly earnings results on Wednesday, April, 25th. The asset manager reported $2.24 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.65 by $0.59. The asset manager had revenue of $460.50 million for the quarter, compared to analysts' expectations of $387.81 million. Evercore had a net margin of 7.81% and a return on equity of 40.90%. The business's quarterly revenue was up 19.7% on a year-over-year basis. During the same period last year, the firm posted $1.61 earnings per share. View Evercore's Earnings History.
When is Evercore's next earnings date?
What price target have analysts set for EVR?
2 Wall Street analysts have issued 12-month price objectives for Evercore's shares. Their forecasts range from $81.00 to $105.00. On average, they expect Evercore's stock price to reach $93.00 in the next twelve months. View Analyst Ratings for Evercore.
Who are some of Evercore's key competitors?
Some companies that are related to Evercore include KKR & Co. L.P. Unit (KKR), Invesco (IVZ), Affiliated Managers Group (AMG), Lazard (LAZ), Eaton Vance (EV), Oaktree Capital Group (OAK), Apollo Global Management LLC Class A (APO), Janus Henderson Group (JHG), Morningstar (MORN), MAN Grp PLC/ADR (MNGPY), Moelis & Co (MC), Noah (NOAH), Houlihan Lokey (HLI), Legg Mason (LM) and Financial Engines (FNGN).
Who are Evercore's key executives?
Evercore's management team includes the folowing people:
- Mr. John S. Weinberg, Exec. Chairman (Age 61)
- Mr. Ralph Lewis Schlosstein, Pres, CEO & Director (Age 67)
- Mr. Roger Charles Altman, Founder & Sr. Chairman (Age 72)
- Mr. Robert Brien Walsh, Exec. VP, Sr. MD & CFO (Age 61)
- Mr. Andrew Sibbald, Vice Chairman, Sr. MD & CEO of Evercore International (Age 51)
Has Evercore been receiving favorable news coverage?
News coverage about EVR stock has trended somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Evercore earned a news sentiment score of 0.13 on Accern's scale. They also assigned headlines about the asset manager an impact score of 46.54 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
Who are Evercore's major shareholders?
Evercore's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.87%), Dimensional Fund Advisors LP (2.66%), Ceredex Value Advisors LLC (1.85%), American Century Companies Inc. (1.71%), JPMorgan Chase & Co. (1.59%) and Northern Trust Corp (1.48%). 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 BlackRock Inc., American Century Companies Inc., Principal Financial Group Inc., Principal Financial Group Inc., JPMorgan Chase & Co., UBS Group AG, Legal & General Group Plc and Franklin Resources Inc.. Company insiders that have sold Evercore company stock in the last year include Adam B Frankel, Andrew Sibbald, Ostoa Augusto Arellano, 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 purchased by a variety of institutional investors in the last quarter, including Ceredex Value Advisors LLC, Frontier Capital Management Co. LLC, Millennium Management LLC, Scout Investments Inc., Federated Investors Inc. PA, Prudential Financial Inc., Northern Trust Corp and Carillon Tower Advisers Inc.. 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 $110.75.
How big of a company is Evercore?
Evercore has a market capitalization of $4.51 billion and generates $1.72 billion in revenue each year. The asset manager earns $125.45 million in net income (profit) each year or $5.45 on an earnings per share basis. Evercore employs 1,600 workers across the globe.
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 (EVR)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.