Greenhill & Co. (NYSE:GHL) shares shot up 6.2% on Wednesday . The company traded as high as $17.05 and last traded at $16.99, with a volume of 355,305 shares changing hands. The stock had previously closed at $16.00.

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

The company has a market capitalization of $514.27 million and a price-to-earnings ratio of 24.35. The firm has a 50 day moving average of $18.99 and a 200-day moving average of $21.62.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 8th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, June 6th. This represents a $1.80 annualized dividend and a yield of 10.49%.

Several hedge funds have made changes to their positions in the stock. California State Teachers Retirement System raised its stake 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 last quarter. Rhumbline Advisers raised its stake in shares of Greenhill & Co. by 8.2% in the fourth quarter. Rhumbline Advisers now owns 35,503 shares of the company’s stock worth $1,016,000 after buying an additional 2,705 shares during the last quarter. California Public Employees Retirement System raised its stake 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 last quarter. Russell Frank Co raised its stake in shares of Greenhill & Co. by 4.4% in the fourth quarter. Russell Frank Co now owns 289,853 shares of the company’s stock worth $8,429,000 after buying an additional 12,272 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake 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 last quarter.

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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