First Mercantile Trust Co. increased its stake in Greenhill & Co. (NYSE:GHL) by 26.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,664 shares of the company’s stock after buying an additional 1,586 shares during the period. First Mercantile Trust Co.’s holdings in Greenhill & Co. were worth $123,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in GHL. Societe Generale bought a new stake in Greenhill & Co. during the second quarter valued at about $104,000. BNP Paribas Arbitrage SA raised 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 valued at $144,000 after buying an additional 4,715 shares during the last quarter. Legal & General Group Plc raised 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 valued at $152,000 after buying an additional 950 shares during the last quarter. LaSalle Street Capital Management LLC raised 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 valued at $169,000 after buying an additional 354 shares during the last quarter. Finally, BB&T Corp raised its stake in Greenhill & Co. by 24.0% in the second quarter. BB&T Corp now owns 18,132 shares of the company’s stock valued at $292,000 after buying an additional 3,515 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.
Greenhill & Co. (NYSE:GHL) opened at 22.94 on Friday. Greenhill & Co. has a 52-week low of $15.62 and a 52-week high of $29.30. The firm’s 50 day moving average is $22.81 and its 200 day moving average is $20.56. The company has a market cap of $679.37 million, a PE ratio of 22.40 and a beta of 1.69.
Greenhill & Co. (NYSE:GHL) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.62 EPS for the quarter, beating the Zacks’ 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 had revenue of $90.50 million for the quarter, compared to analysts’ expectations of $89.61 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The business’s revenue for the quarter was up 23.3% on a year-over-year basis. Analysts forecast that Greenhill & Co. will post $1.51 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 21st. Stockholders of record on Wednesday, September 7th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.85%. The ex-dividend date was Friday, September 2nd. Greenhill & Co.’s payout ratio is 174.76%.
A number of brokerages have weighed in on GHL. Credit Suisse Group AG set a $15.00 price target on Greenhill & Co. and gave the stock a “sell” rating in a research report on Wednesday, September 14th. Nomura reissued a “hold” rating and set a $26.00 price target on shares of Greenhill & Co. in a research report on Wednesday. Finally, Zacks Investment Research raised Greenhill & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 15th. 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 an average target price of $27.38.
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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