State Board of Administration of Florida Retirement System raised its stake in Greenhill & Co. (NYSE:GHL) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,496 shares of the company’s stock after buying an additional 109 shares during the period. State Board of Administration of Florida Retirement System owned 0.07% of Greenhill & Co. worth $314,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the company. California Public Employees Retirement System increased its stake in Greenhill & Co. by 7.6% in the second quarter. California Public Employees Retirement System now owns 152,400 shares of the company’s stock valued at $2,454,000 after buying an additional 10,700 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in Greenhill & Co. during the second quarter valued at $7,444,000. Swiss National Bank increased its stake in Greenhill & Co. by 3.3% in the second quarter. Swiss National Bank now owns 46,400 shares of the company’s stock valued at $747,000 after buying an additional 1,500 shares during the last quarter. Societe Generale purchased a new stake in Greenhill & Co. during the second quarter valued at $104,000. Finally, Frontier Capital Management Co. LLC increased its stake in Greenhill & Co. by 33.1% in the second quarter. Frontier Capital Management Co. LLC now owns 504,461 shares of the company’s stock valued at $8,122,000 after buying an additional 125,482 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.
Shares of Greenhill & Co. (NYSE:GHL) traded up 2.8130% during midday trading on Friday, hitting $23.0404. The stock had a trading volume of 172,761 shares. Greenhill & Co. has a one year low of $15.62 and a one year high of $29.30. The firm has a 50 day moving average price of $22.91 and a 200 day moving average price of $20.58. The stock has a market cap of $682.34 million, a PE ratio of 22.5004 and a beta of 1.69.
Greenhill & Co. (NYSE:GHL) last announced its earnings results on Tuesday, July 26th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. Greenhill & Co. had a return on equity of 11.72% and a net margin of 11.48%. The company earned $90.50 million during the quarter, compared to analysts’ expectations of $89.61 million. During the same period last year, the business posted $0.30 EPS. Greenhill & Co.’s revenue for the quarter was up 23.3% on a year-over-year basis. On average, equities analysts forecast that Greenhill & Co. will post $1.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 21st. Investors 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 yield of 8.03%. The ex-dividend date of this dividend was Friday, September 2nd. Greenhill & Co.’s dividend payout ratio (DPR) is 174.76%.
A number of equities analysts have commented on GHL shares. Credit Suisse Group AG set a $13.00 target price on shares of Greenhill & Co. and gave the stock a “sell” rating in a report on Tuesday, August 9th. Zacks Investment Research upgraded shares of Greenhill & Co. from a “hold” rating to a “strong-buy” rating and set a $22.00 target price for the company in a report on Tuesday, August 2nd. Finally, Nomura reiterated a “hold” rating and issued a $26.00 target price on shares of Greenhill & Co. in a report on Wednesday, October 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Greenhill & Co. currently has a consensus rating of “Hold” and a consensus price target 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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