Evercore Partners Inc. Plans Quarterly Dividend of $0.25 (EVR)
Evercore Partners (NYSE:EVR) announced a quarterly dividend on Wednesday, July 23rd, American Banking News reports. Stockholders of record on Friday, August 29th will be paid a dividend of 0.25 per share on Friday, September 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.81%.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Evercore Partners from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 17th. They now have a $53.00 price target on the stock. On a related note, analysts at Susquehanna raised their price target on shares of Evercore Partners from $62.00 to $66.00 in a research note on Monday, July 7th. They now have a “positive” rating on the stock. Finally, analysts at Sandler O’Neill upgraded shares of Evercore Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Evercore Partners has a consensus rating of “Hold” and an average price target of $61.80.
Shares of Evercore Partners (NYSE:EVR) opened at 55.12 on Wednesday. Evercore Partners has a 1-year low of $43.08 and a 1-year high of $63.66. The stock’s 50-day moving average is $56.30 and its 200-day moving average is $55.94. The company has a market cap of $1.921 billion and a P/E ratio of 37.69.
Evercore Partners Inc (NYSE:EVR) is an independent investment banking advisory firm.
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