California State Teachers Retirement System Sells 6,078 Shares of Greenhill & Co., Inc. (GHL)

California State Teachers Retirement System cut its holdings in Greenhill & Co., Inc. (NYSE:GHL) by 13.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,357 shares of the financial services provider’s stock after selling 6,078 shares during the quarter. California State Teachers Retirement System owned about 0.15% of Greenhill & Co., Inc. worth $748,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. The Manufacturers Life Insurance Company increased its stake in Greenhill & Co., Inc. by 9,562.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,073,680 shares of the financial services provider’s stock valued at $40,436,000 after purchasing an additional 2,052,219 shares during the period. Dalton Greiner Hartman Maher & Co. increased its stake in shares of Greenhill & Co., Inc. by 7.2% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 1,029,797 shares of the financial services provider’s stock worth $20,081,000 after acquiring an additional 68,977 shares during the period. Frontier Capital Management Co. LLC increased its stake in shares of Greenhill & Co., Inc. by 0.8% during the fourth quarter. Frontier Capital Management Co. LLC now owns 945,657 shares of the financial services provider’s stock worth $18,440,000 after acquiring an additional 7,280 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Greenhill & Co., Inc. during the fourth quarter worth about $6,605,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Greenhill & Co., Inc. by 15.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 300,482 shares of the financial services provider’s stock worth $5,860,000 after acquiring an additional 39,704 shares during the period. Institutional investors own 98.88% of the company’s stock.

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A number of brokerages have recently issued reports on GHL. ValuEngine lowered shares of Greenhill & Co., Inc. from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. Nomura dropped their price target on shares of Greenhill & Co., Inc. from $14.00 to $13.00 and set a “reduce” rating on the stock in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Greenhill & Co., Inc. from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Friday, December 22nd. Finally, Sandler O’Neill reiterated a “hold” rating and set a $19.50 price target on shares of Greenhill & Co., Inc. in a research note on Tuesday, February 13th. Five research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company presently has a consensus rating of “Sell” and a consensus target price of $15.64.

GHL stock opened at $18.55 on Friday. The stock has a market cap of $518.76, a P/E ratio of -66.25 and a beta of 1.08. Greenhill & Co., Inc. has a 52 week low of $13.80 and a 52 week high of $29.05. The company has a current ratio of 7.18, a quick ratio of 7.18 and a debt-to-equity ratio of 1.69.

Greenhill & Co., Inc. (NYSE:GHL) last released its quarterly earnings data on Tuesday, February 6th. The financial services provider reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.18). The company had revenue of $66.89 million for the quarter, compared to analysts’ expectations of $57.36 million. Greenhill & Co., Inc. had a negative return on equity of 3.43% and a negative net margin of 11.14%. The firm’s quarterly revenue was down 34.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 EPS. equities analysts predict that Greenhill & Co., Inc. will post 0.93 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Tuesday, March 6th. Greenhill & Co., Inc.’s dividend payout ratio is currently -71.43%.

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Greenhill & Co., Inc. Profile

Greenhill & Co, Inc is an investment bank. The Company provides financial and strategic advice 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 globally.

Institutional Ownership by Quarter for Greenhill & Co., Inc. (NYSE:GHL)

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