Greenhill & Co. (NYSE:GHL)‘s stock had its “hold” rating restated by research analysts at Nomura in a research note issued on Wednesday. They presently have a $26.00 target price on the stock. Nomura’s price objective suggests a potential upside of 13.34% from the stock’s current price.
Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Greenhill & Co. from a “buy” rating to a “hold” rating in a research report on Monday. Credit Suisse Group AG set a $15.00 price target on shares of Greenhill & Co. and gave the company a “sell” rating in a research report on Wednesday, September 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $27.38.
Shares of Greenhill & Co. (NYSE:GHL) opened at 22.94 on Wednesday. Greenhill & Co. has a 12 month low of $15.62 and a 12 month high of $29.30. The company has a market cap of $679.37 million, a price-to-earnings ratio of 22.40 and a beta of 1.69. The company’s 50-day moving average price is $22.81 and its 200-day moving average price is $20.56.
Greenhill & Co. (NYSE:GHL) last released its earnings results on Tuesday, July 26th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.13. Greenhill & Co. had a net margin of 11.48% and a return on equity of 11.72%. The firm earned $90.50 million during the quarter, compared to analyst estimates of $89.61 million. During the same period last year, the business earned $0.30 earnings per share. The business’s revenue was up 23.3% on a year-over-year basis. Analysts anticipate that Greenhill & Co. will post $1.51 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 21st. Shareholders of record on Wednesday, September 7th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 7.85%. The ex-dividend date of this dividend was Friday, September 2nd. Greenhill & Co.’s dividend payout ratio (DPR) is presently 174.76%.
A number of large investors have recently bought and sold shares of GHL. Societe Generale bought a new stake in Greenhill & Co. during the second quarter worth approximately $104,000. Legal & General Group Plc increased its stake in Greenhill & Co. by 16.4% in the first quarter. Legal & General Group Plc now owns 6,759 shares of the company’s stock worth $152,000 after buying an additional 950 shares during the period. First Mercantile Trust Co. increased its stake in Greenhill & Co. by 26.1% in the second quarter. First Mercantile Trust Co. now owns 7,664 shares of the company’s stock worth $123,000 after buying an additional 1,586 shares during the period. BNP Paribas Arbitrage SA increased its stake in Greenhill & Co. by 111.0% in the second quarter. BNP Paribas Arbitrage SA now owns 8,962 shares of the company’s stock worth $144,000 after buying an additional 4,715 shares during the period. Finally, LaSalle Street Capital Management LLC increased its stake in Greenhill & Co. by 3.5% in the second quarter. LaSalle Street Capital Management LLC now owns 10,498 shares of the company’s stock worth $169,000 after buying an additional 354 shares during the period. 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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