Evercore Partners Inc (NYSE:EVR) Institutional Investor Positioning Change

July 18, 2017 - By Marie Mckinney

 Evercore Partners Inc (NYSE:EVR) Institutional Investor Positioning Change

Sentiment for Evercore Partners Inc (NYSE:EVR)

Evercore Partners Inc (NYSE:EVR) institutional sentiment increased to 1.34 in Q4 2016. Its up 0.29, from 1.05 in 2016Q3. The ratio is more positive, as 131 active investment managers increased or started new equity positions, while 98 cut down and sold positions in Evercore Partners Inc. The active investment managers in our partner’s database now hold: 35.44 million shares, up from 34.84 million shares in 2016Q3. Also, the number of active investment managers holding Evercore Partners Inc in their top 10 equity positions was flat from 2 to 2 for the same number . Sold All: 18 Reduced: 80 Increased: 82 New Position: 49.

Evercore Partners Inc. is an independent investment banking advisory company. The company has market cap of $3.24 billion. The Firm operates through two business divisions: Investment Banking and Investment Management. It has a 17.58 P/E ratio. The Company’s Investment Banking segment includes its 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 firms and private equity firms on various transactions.

The stock decreased 0.42% or $0.3 on July 17, reaching $71.7. About shares traded. Evercore Partners Inc. (NYSE:EVR) has risen 42.28% since July 18, 2016 and is uptrending. It has outperformed by 25.58% the S&P500.

Investors wait Evercore Partners Inc. (NYSE:EVR) to report on July, 26. its quarterly earnings Wall Street analysts expect $0.97 EPS, down $0.07 or 6.73 % from last year’s $1.04 same quarter earnings. This translates into $43.83M profit for EVR giving the stock a 18.48 P/E. This is assuming the current $0.97 EPS is accurate. Evercore Partners Inc.’s Wall Street analysts see -14.16 % negative EPS growth, taking into account the $1.13 EPS reproted in the previous quarter,

Irving Magee Investment Management holds 4.58% of its portfolio in Evercore Partners Inc. for 171,970 shares. Junto Capital Management Lp owns 413,498 shares or 3.1% of their US portfolio. Moreover, Daruma Capital Management Llc has 3.02% invested in the company for 771,905 shares. The Illinois-based Channing Capital Management Llc has invested 2.41% in the stock. Halsey Associates Inc Ct, a Connecticut-based fund reported 157,799 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 10 selling transactions for $29.39 million activity.

Evercore Partners Inc. (NYSE:EVR) Ratings Coverage

Ratings analysis reveals 30% of Evercore Partners’s analysts are positive. Out of 10 Wall Street analysts rating Evercore Partners, 3 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $46 while the high is $95. The stock’s average target of $65.50 is -8.65% below today’s ($71.7) share price. EVR was included in 21 notes of analysts from September 8, 2015. Bank of America initiated Evercore Partners Inc. (NYSE:EVR) on Wednesday, December 14 with “Neutral” rating. On Monday, March 27 the stock rating was initiated by Keefe Bruyette & Woods with “Mkt Perform”. The stock has “Conviction Buy” rating by Goldman Sachs on Tuesday, January 12. The stock of Evercore Partners Inc. (NYSE:EVR) earned “Neutral” rating by Instinet on Monday, February 13. The rating was downgraded by Goldman Sachs on Tuesday, May 23 to “Neutral”. Nomura upgraded the stock to “Buy” rating in Friday, October 28 report. Bank of America upgraded it to “Buy” rating and $95 target in Thursday, February 16 report. As per Monday, November 9, the company rating was downgraded by Nomura. UBS maintained the shares of EVR in report on Thursday, February 4 with “Neutral” rating. The rating was downgraded by Susquehanna to “Neutral” on Tuesday, November 10.

Another recent and important Evercore Partners Inc. (NYSE:EVR) news was published by Foxbusiness.com which published an article titled: “Evercore Hires Deutsche Bank’s Paul Stefanick” on June 30, 2017.

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