Bank of America Corp DE cut its position in Greenhill & Co., Inc. (NYSE:GHL) by 25.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,271 shares of the financial services provider’s stock after selling 8,913 shares during the quarter. Bank of America Corp DE’s holdings in Greenhill & Co., Inc. were worth $747,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Raymond James & Associates raised its position in shares of Greenhill & Co., Inc. by 19.4% during the second quarter. Raymond James & Associates now owns 43,099 shares of the financial services provider’s stock worth $1,224,000 after acquiring an additional 7,005 shares during the last quarter. FMR LLC raised its position in shares of Greenhill & Co., Inc. by 5.5% during the second quarter. FMR LLC now owns 166,735 shares of the financial services provider’s stock worth $4,735,000 after acquiring an additional 8,635 shares during the last quarter. Pinebridge Investments L.P. bought a new position in shares of Greenhill & Co., Inc. during the second quarter worth about $1,116,000. American Century Companies Inc. bought a new position in shares of Greenhill & Co., Inc. during the second quarter worth about $6,417,000. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Greenhill & Co., Inc. by 2.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 314,760 shares of the financial services provider’s stock worth $8,940,000 after acquiring an additional 7,524 shares during the last quarter. Hedge funds and other institutional investors own 99.91% of the company’s stock.

In other Greenhill & Co., Inc. news, Chairman Robert F. Greenhill bought 219,770 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The stock was acquired at an average price of $22.69 per share, with a total value of $4,986,581.30. Following the completion of the purchase, the chairman now directly owns 282,579 shares of the company’s stock, valued at approximately $6,411,717.51. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Scott L. Bok bought 220,634 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The shares were acquired at an average cost of $22.60 per share, with a total value of $4,986,328.40. The disclosure for this purchase can be found here. Insiders have purchased 482,904 shares of company stock valued at $10,961,460 in the last ninety days. 15.60% of the stock is currently owned by insiders.

A number of equities analysts have recently issued reports on the company. ValuEngine upgraded Greenhill & Co., Inc. from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 2nd. Keefe, Bruyette & Woods restated a “sell” rating and set a $26.00 price objective on shares of Greenhill & Co., Inc. in a research report on Friday, August 3rd. Finally, Goldman Sachs Group assumed coverage on Greenhill & Co., Inc. in a research report on Tuesday, November 6th. They set a “sell” rating and a $23.00 price objective for the company. Four analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.83.

NYSE GHL opened at $24.85 on Tuesday. Greenhill & Co., Inc. has a one year low of $16.25 and a one year high of $33.45. The company has a market cap of $504.47 million, a P/E ratio of -88.75 and a beta of 1.17. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 5.51.

Greenhill & Co., Inc. (NYSE:GHL) last released its earnings results on Wednesday, October 24th. The financial services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.28 by $0.15. Greenhill & Co., Inc. had a return on equity of 16.89% and a net margin of 0.56%. The business had revenue of $86.80 million during the quarter. As a group, research analysts predict that Greenhill & Co., Inc. will post 1.51 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Wednesday, December 5th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, December 4th. This represents a $0.20 annualized dividend and a yield of 0.80%. Greenhill & Co., Inc.’s dividend payout ratio is currently -71.43%.

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Greenhill & Co., Inc. Profile

Greenhill & Co, Inc, together with its subsidiaries, operates as an independent investment bank for corporations, partnerships, institutions, and governments worldwide. The company provides financial advisory services primarily related to mergers and acquisitions, restructurings, financings, and capital raisings.

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

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