Large Outflow of Money Witnessed in Evercore Partners Inc

Evercore Partners Inc (EVR) managed to eke out gains of 0.58% in intraday trade. The share price increased by 0.45 points to $77.9. Till last observation, the net money flow was recorded at a negative $(-2.77) million. The total inflow of $10.49 million in upticks was completely overshadowed by an outflow of $13.26 million in downticks, giving the up/down ratio a value of 0.79. The shares have seen a change of 0.52% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $1.58 million and the composite value in downticks was $1.16 million. The resultant up/down ratio for the block exchange was 1.36. The block trade had a negative money flow of $(0.42) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Evercore Partners Inc. rose by 1.44% in the last five trading days and 13.03% for the last 4 weeks. Evercore Partners Inc. is up 45.21% in the last 3-month period. Year-to-Date the stock performance stands at 13.03%. Evercore Partners Inc (NYSE:EVR) rose 0.26% or 0.2 points on Wednesday and made its way into the gainers of the day. After trading began at $78.95 the stock was seen hitting $80.2 as a peak level and $77.4 as the lowest level. The stock ended up at $77.65. The daily volume was measured at 1,035,819 shares. The 52-week high of the share price is $80.2 and the 52-week low is $40.355. The company has a market cap of $3,022 million.

Company has reported several Insider transactions to the SEC, on Dec 2, 2016, Adam B Frankel (General Counsel) sold 1,100 shares at 68.60 per share price.On Nov 30, 2016, Ralph Schlosstein (President and CEO) sold 30,279 shares at 66.35 per share price.On Aug 24, 2016, Andrew Sibbald (CEO EVR Partners International) sold 125,000 shares at 51.21 per share price.

Evercore Partners Last issued its quarterly earnings results on Feb 1, 2017. The company reported $1.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.05. Analyst had a consensus of $1.38. The company had revenue of $445.40 million for the quarter, compared to analysts expectations of $420.85 million. The companys revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Evercore Partners was Initiated by BofA/Merrill to Neutral on Dec 14, 2016. Evercore Partners was Resumed by Credit Suisse to Outperform on Nov 21, 2016. Evercore Partners was Downgraded by JMP Securities to Mkt Perform on Nov 18, 2016.

EVERCORE PARTNERS is a leading investment banking boutique providing advisory services to prominent multinational corporations on significant mergers, acquisitions, divestitures, restructurings and other strategic corporate transactions. Evercore also has a successful investment management business through which they also manage private equity and venture capital funds for sophisticated institutional investors.


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