Edward Hyman, Vice Chair of Evercore Inc (EVR, Financial) and Chairman of Evercore ISI, executed a sale of 96,263 shares of the company on November 8, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 1,810,256 shares of Evercore Inc. The shares were sold at a price of $312.5 each.
Evercore Inc is a global independent investment banking advisory firm. It advises clients on mergers, acquisitions, divestitures, restructurings, and other strategic transactions. The company also provides services related to securities underwriting, and investment management.
Over the past year, Edward Hyman has sold a total of 96,263 shares and has not purchased any shares. The insider transaction history for Evercore Inc shows a total of 8 insider sells and 0 insider buys over the past year.
Shares of Evercore Inc were trading at $312.5 on the day of the transaction, giving the company a market cap of approximately $11.76 billion. The price-earnings ratio of the stock stands at 39.64, which is higher than the industry median of 18.955 and also above the company’s historical median.
According to the GF Value, the intrinsic value of Evercore Inc is estimated at $131.86 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 2.37.
The GF Value is calculated based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by the company’s past performance and expected future business outcomes.
This sale by the insider might be of interest to current and potential investors, providing insight into how insiders are reacting to the stock's valuation and market conditions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
