Greenhill & Co. (NYSE:GHL)’s share price shot up 6.2% during mid-day trading on Wednesday . The company traded as high as $17.05 and last traded at $16.99, with a volume of 355,305 shares traded. The stock had previously closed at $16.00.

A number of research firms have issued reports on GHL. Nomura Holdings Inc. reduced their price target on shares of Greenhill & Co. from $29.00 to $28.00 in a research report on Tuesday, March 15th. Zacks Investment Research raised shares of Greenhill & Co. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 29th. Goldman Sachs Group Inc. lowered shares of Greenhill & Co. from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $33.00 to $25.00 in a research report on Wednesday, April 6th. Finally, Credit Suisse Group AG reduced their price target on shares of Greenhill & Co. from $24.00 to $18.00 and set a “neutral” rating for the company in a research report on Friday, April 8th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $28.14.

The company has a market capitalization of $500.25 million and a P/E ratio of 23.69. The company has a 50 day moving average of $19.14 and a 200 day moving average of $21.69.

Greenhill & Co. (NYSE:GHL) last announced its quarterly earnings results on Wednesday, April 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. During the same period last year, the company earned $0.25 earnings per share. The business earned $66.90 million during the quarter, compared to analyst estimates of $61.43 million. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities research analysts expect that Greenhill & Co. will post $1.32 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 22nd. Investors of record on Wednesday, June 8th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 10.73%. The ex-dividend date was Monday, June 6th.

A number of institutional investors have made changes to their positions in GHL. Comerica Bank increased its position in shares of Greenhill & Co. by 28.3% in the fourth quarter. Comerica Bank now owns 93,562 shares of the company’s stock worth $2,260,000 after buying an additional 20,655 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Greenhill & Co. by 20.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 105,487 shares of the company’s stock worth $3,018,000 after buying an additional 17,899 shares during the period. California State Teachers Retirement System increased its position in shares of Greenhill & Co. by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 54,273 shares of the company’s stock worth $1,553,000 after buying an additional 886 shares during the period. California Public Employees Retirement System increased its position in shares of Greenhill & Co. by 2.3% in the fourth quarter. California Public Employees Retirement System now owns 134,900 shares of the company’s stock worth $3,859,000 after buying an additional 3,000 shares during the period. Finally, Retirement Systems of Alabama increased its position in shares of Greenhill & Co. by 15.2% in the fourth quarter. Retirement Systems of Alabama now owns 265,500 shares of the company’s stock worth $7,596,000 after buying an additional 35,000 shares during the period.

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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