We wouldn't blame Evercore Inc. (NYSE:EVR) shareholders if they were a little worried about the fact that Edward Hyman, the Founder recently netted about US$16m selling shares at an average price of US$278. However, that sale only accounted for 3.3% of their holding, so arguably it doesn't say much about their conviction.

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The Last 12 Months Of Insider Transactions At Evercore

In fact, the recent sale by Founder Edward Hyman was not their only sale of Evercore shares this year. Earlier in the year, they fetched US$316 per share in a -US$30m sale. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$266. So it may not shed much light on insider confidence at current levels.

In the last year Evercore insiders didn't buy any company stock. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Insider Ownership Of Evercore

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Evercore insiders own about US$676m worth of shares (which is 6.1% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Evercore Insider Transactions Indicate?

Insiders sold Evercore shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. But since Evercore is profitable and growing, we're not too worried by this. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Evercore. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Evercore.

Of course Evercore may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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