Greenhill & Co. (NYSE:GHL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.
According to Zacks, “GREENHILL & CO., Inc. is a leading independent investment bank that provides financial advice on significant mergers, acquisitions and restructurings; assists private funds in raising capital from investors; and manages merchant banking funds. It acts for clients located throughout the world from its offices in New York, London, Frankfurt, Toronto, Dallas and San Francisco. “
Separately, Credit Suisse Group AG set a $15.00 price objective on shares of Greenhill & Co. and gave the company a “sell” rating in a report on Wednesday, September 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $27.63.
Shares of Greenhill & Co. (NYSE:GHL) traded down 1.40% on Monday, hitting $23.24. 533,342 shares of the company were exchanged. Greenhill & Co. has a 52-week low of $15.62 and a 52-week high of $29.30. The stock has a market capitalization of $688.25 million, a PE ratio of 22.70 and a beta of 1.69. The firm’s 50-day moving average is $22.67 and its 200-day moving average is $20.51.
Greenhill & Co. (NYSE:GHL) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. Greenhill & Co. had a net margin of 11.48% and a return on equity of 11.72%. The company earned $90.50 million during the quarter, compared to analysts’ expectations of $89.61 million. During the same quarter in the previous year, the company earned $0.30 earnings per share. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. Equities research analysts predict that Greenhill & Co. will post $1.47 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 21st. Stockholders of record on Wednesday, September 7th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, September 2nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.75%. Greenhill & Co.’s dividend payout ratio is currently 174.76%.
Several hedge funds have recently added to or reduced their stakes in the company. Skyline Asset Management LP boosted its stake in Greenhill & Co. by 4.0% in the first quarter. Skyline Asset Management LP now owns 1,133,700 shares of the company’s stock worth $25,168,000 after buying an additional 43,300 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Greenhill & Co. by 36.4% in the first quarter. Renaissance Technologies LLC now owns 1,208,200 shares of the company’s stock valued at $26,822,000 after buying an additional 322,300 shares in the last quarter. Nisa Investment Advisors L.L.C. acquired a new stake in shares of Greenhill & Co. during the first quarter valued at about $311,000. Fisher Asset Management LLC boosted its stake in shares of Greenhill & Co. by 0.4% in the second quarter. Fisher Asset Management LLC now owns 632,644 shares of the company’s stock valued at $11,135,000 after buying an additional 2,425 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Greenhill & Co. by 4.4% in the first quarter. Prudential Financial Inc. now owns 66,531 shares of the company’s stock valued at $1,477,000 after buying an additional 2,800 shares in the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.
Greenhill & Co. Company Profile
Greenhill & Co, Inc is an investment bank. The Company provides financial and advisory services on domestic and cross-border mergers and acquisitions, divestitures, restructurings, financings, capital raising and other transactions to a diverse client base, including corporations, partnerships, institutions and governments.
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