Alliancebernstein L.P. cut its holdings in Greenhill & Co., Inc. (NYSE:GHL) by 14.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,800 shares of the financial services provider’s stock after selling 4,900 shares during the period. Alliancebernstein L.P. owned 0.11% of Greenhill & Co., Inc. worth $562,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in Greenhill & Co., Inc. by 6.3% in the third quarter. JPMorgan Chase & Co. now owns 244,234 shares of the financial services provider’s stock valued at $4,067,000 after acquiring an additional 14,559 shares during the last quarter. Simplex Trading LLC acquired a new position in Greenhill & Co., Inc. in the fourth quarter valued at approximately $910,000. California Public Employees Retirement System lifted its holdings in Greenhill & Co., Inc. by 4.7% in the third quarter. California Public Employees Retirement System now owns 149,692 shares of the financial services provider’s stock valued at $2,485,000 after acquiring an additional 6,692 shares during the last quarter. Spark Investment Management LLC acquired a new position in Greenhill & Co., Inc. in the fourth quarter valued at approximately $883,000. Finally, Aperio Group LLC lifted its holdings in Greenhill & Co., Inc. by 30.2% in the fourth quarter. Aperio Group LLC now owns 20,983 shares of the financial services provider’s stock valued at $409,000 after acquiring an additional 4,867 shares during the last quarter. Hedge funds and other institutional investors own 98.79% of the company’s stock.

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NYSE:GHL opened at $19.90 on Tuesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 7.18 and a current ratio of 7.18. Greenhill & Co., Inc. has a 52 week low of $13.80 and a 52 week high of $29.05. The firm has a market cap of $537.87, a price-to-earnings ratio of -71.07 and a beta of 1.08.

Greenhill & Co., Inc. (NYSE:GHL) last released its quarterly earnings results 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). Greenhill & Co., Inc. had a negative return on equity of 3.43% and a negative net margin of 11.14%. The firm had revenue of $66.89 million for the quarter, compared to analyst estimates of $57.36 million. During the same quarter last year, the company earned $0.74 earnings per share. The firm’s revenue for the quarter was down 34.2% on a year-over-year basis. analysts anticipate that Greenhill & Co., Inc. will post 0.97 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Tuesday, March 6th. Greenhill & Co., Inc.’s dividend payout ratio (DPR) is -71.43%.

A number of research analysts recently commented on the company. Zacks Investment Research cut Greenhill & Co., Inc. from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 13th. ValuEngine cut Greenhill & Co., Inc. from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. Sandler O’Neill restated a “hold” rating and set a $20.00 price target on shares of Greenhill & Co., Inc. in a research note on Thursday, April 12th. Finally, Nomura decreased their price target on 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. Four analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Greenhill & Co., Inc. presently has an average rating of “Hold” and an average price target of $15.71.

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Greenhill & Co., Inc. Company 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.

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

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