Evercore Partners (EVR) was Resumed by Credit Suisse to “Outperform”. Credit Suisse advised their investors in a research report released on Nov 21, 2016.
Many Wall Street Analysts have commented on Evercore Partners. Evercore Partners was Downgraded by JMP Securities to ” Mkt Perform” on Nov 18, 2016. Evercore Partners was Upgraded by Nomura to ” Buy” on Oct 28, 2016.
On the company’s financial health, Evercore Partners reported $1.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.21 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $1.01. The company had revenue of $383.50 million for the quarter, compared to analysts expectations of $339.91 million. The company’s revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.
Evercore Partners opened for trading at $64.85 and hit $66.05 on the upside on Monday, eventually ending the session at $65.55, with a gain of 0.08% or 0.05 points. The heightened volatility saw the trading volume jump to 3,40,641 shares. Company has a market cap of $2,551 M.
Investors should note that on Oct 26, 2016, Evercore Partners announced a cash dividend of $0.3400. The company’s management has announced Nov 22, 2016 as the ex-dividend date and fixed the record date on Nov 25, 2016. The payable date has been fixed on Dec 9, 2016.
In a different news, on Aug 31, 2016, Ralph Schlosstein (President and CEO) sold 71,849 shares at $51.54 per share price. According to the SEC, on Aug 24, 2016, Andrew Sibbald (CEO EVR Partners International) sold 125,000 shares at $51.21 per share price. On May 4, 2016, Paul Pensa (Contr., Principal Acct.Officer) sold 1,672 shares at $50.85 per share price, according to the Form-4 filing with the securities and exchange commission.
Evercore Partners Inc. (Evercore) is an independent investment banking advisory firm. The Company operates through two business segments: Investment Banking and Investment Management. The Company’s Investment Banking segment includes the Company’s Advisory services through which Evercore provides advice to clients on mergers acquisitions divestitures and other strategic corporate transactions with a particular focus on advising multinational corporations and private equity firms on different transactions. The Company’s Investment Management segment focuses on Institutional Asset Management through which Evercore manages financial assets for institutional investors and provide independent fiduciary services to corporate employee benefit plans; Wealth Management through which the Company provides wealth management services for high-net-worth individuals and Private Equity through which Evercore manages private equity funds.