Analyzing Greenhill & Co. (GHL) and PJT Partners (PJT)
Greenhill & Co. (NYSE: GHL) and PJT Partners (NYSE:PJT) are both small-cap finance companies, but which is the superior stock? We will contrast the two companies based on the strength of their dividends, earnings, valuation, risk, profitabiliy, institutional ownership and analyst recommendations.
This is a breakdown of recent recommendations and price targets for Greenhill & Co. and PJT Partners, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Greenhill & Co.||5||1||0||0||1.17|
Greenhill & Co. presently has a consensus price target of $21.17, suggesting a potential upside of 27.51%. PJT Partners has a consensus price target of $45.00, suggesting a potential upside of 14.01%. Given Greenhill & Co.’s higher probable upside, research analysts plainly believe Greenhill & Co. is more favorable than PJT Partners.
Greenhill & Co. pays an annual dividend of $1.80 per share and has a dividend yield of 10.8%. PJT Partners pays an annual dividend of $0.20 per share and has a dividend yield of 0.5%. Greenhill & Co. pays out 135.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. PJT Partners pays out -200.0% of its earnings in the form of a dividend.
Institutional & Insider Ownership
94.4% of Greenhill & Co. shares are held by institutional investors. Comparatively, 58.0% of PJT Partners shares are held by institutional investors. 8.3% of Greenhill & Co. shares are held by insiders. Comparatively, 3.3% of PJT Partners shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
Volatility & Risk
Greenhill & Co. has a beta of 1.29, suggesting that its stock price is 29% more volatile than the S&P 500. Comparatively, PJT Partners has a beta of 0.34, suggesting that its stock price is 66% less volatile than the S&P 500.
This table compares Greenhill & Co. and PJT Partners’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Greenhill & Co.||13.98%||15.64%||10.30%|
Earnings and Valuation
This table compares Greenhill & Co. and PJT Partners’ revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Greenhill & Co.||$299.08 million||1.64||$39.37 million||$1.33||12.48|
|PJT Partners||$524.92 million||1.39||-$1.85 million||($0.10)||-394.70|
Greenhill & Co. has higher revenue, but lower earnings than PJT Partners. PJT Partners is trading at a lower price-to-earnings ratio than Greenhill & Co., indicating that it is currently the more affordable of the two stocks.
Greenhill & Co. beats PJT Partners on 10 of the 15 factors compared between the two stocks.
About Greenhill & Co.
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. The Company also provides advice in connection with defense preparedness, activist response strategies and other mission critical situations. The Company acts for clients located across the world from its offices located in the United States, Australia, Brazil, Canada, Germany, Hong Kong, Japan, Sweden, and the United Kingdom. The Company’s subsidiaries provide advisory services in various jurisdictions. Its operating entities include Greenhill & Co., LLC (G&Co), Greenhill & Co. International LLP (GCI), Greenhill & Co. Europe LLP (GCE), Greenhill & Co. Australia Pty Limited (Greenhill Australia) and Greenhill Cogent, LP (GC LP).
About PJT Partners
PJT Partners Inc. is an advisory-focused investment bank. The Company offers an array of strategic advisory, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments. It provides, through Park Hill Group, private fund advisory and placement services for alternative investment managers, including private equity funds, real estate funds and hedge funds. Its advisory business offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements and distressed sales. Its Restructuring and Special Situations Group’s services include advising companies, creditors and financial sponsors on recapitalizations, reorganizations, exchange offers, debt repurchases, capital raises, and distressed mergers and acquisitions.
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