Greenhill & Co. (GHL) Earns “Hold” Rating from Nomura
Several other analysts have also recently commented on GHL. Zacks Investment Research cut shares of Greenhill & Co. from a buy rating to a hold rating in a report on Monday, October 3rd. Credit Suisse Group AG set a $15.00 price target on shares of Greenhill & Co. and gave the stock a sell rating in a report on Wednesday, September 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $27.38.
Shares of Greenhill & Co. (NYSE:GHL) opened at 22.69 on Wednesday. Greenhill & Co. has a 52-week low of $15.62 and a 52-week high of $29.30. The firm has a market cap of $671.96 million, a price-to-earnings ratio of 22.16 and a beta of 1.69. The stock has a 50 day moving average of $22.84 and a 200 day moving average of $20.56.
Greenhill & Co. (NYSE:GHL) last announced its earnings results on Tuesday, July 26th. The company reported $0.62 EPS for the quarter, topping the 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 company earned $90.50 million during the quarter, compared to analysts’ expectations of $89.61 million. During the same period last 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. Equities analysts predict that Greenhill & Co. will post $1.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 21st. Shareholders of record on Wednesday, September 7th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 7.93%. The ex-dividend date of this dividend was Friday, September 2nd. Greenhill & Co.’s dividend payout ratio (DPR) is presently 174.76%.
A number of hedge funds have recently bought and sold shares of the stock. Societe Generale purchased a new position in Greenhill & Co. during the second quarter worth approximately $104,000. Legal & General Group Plc raised its position in Greenhill & Co. by 16.4% in the first quarter. Legal & General Group Plc now owns 6,759 shares of the company’s stock worth $152,000 after buying an additional 950 shares in the last quarter. First Mercantile Trust Co. raised its position in Greenhill & Co. by 26.1% in the second quarter. First Mercantile Trust Co. now owns 7,664 shares of the company’s stock worth $123,000 after buying an additional 1,586 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Greenhill & Co. by 111.0% in the second quarter. BNP Paribas Arbitrage SA now owns 8,962 shares of the company’s stock worth $144,000 after buying an additional 4,715 shares in the last quarter. Finally, LaSalle Street Capital Management LLC raised its position 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 worth $169,000 after buying an additional 354 shares in the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.
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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