Goldman Sachs Group Inc. increased its position in Greenhill & Co., Inc. (NYSE:GHL) by 26.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 515,536 shares of the financial services provider’s stock after purchasing an additional 106,722 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.74% of Greenhill & Co. worth $10,362,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. State of Alaska Department of Revenue raised its holdings in shares of Greenhill & Co. by 44.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,615 shares of the financial services provider’s stock valued at $152,000 after purchasing an additional 2,345 shares during the period. Mason Street Advisors LLC grew its stake in Greenhill & Co. by 8.2% in the 1st quarter. Mason Street Advisors LLC now owns 6,432 shares of the financial services provider’s stock valued at $188,000 after buying an additional 489 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in Greenhill & Co. by 1.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 9,499 shares of the financial services provider’s stock valued at $191,000 after buying an additional 102 shares during the last quarter. Globeflex Capital L P acquired a new position in Greenhill & Co. in the 1st quarter valued at about $201,000. Finally, People s United Financial Inc. grew its stake in Greenhill & Co. by 0.8% in the 2nd quarter. People s United Financial Inc. now owns 10,432 shares of the financial services provider’s stock valued at $210,000 after buying an additional 83 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors.
Shares of Greenhill & Co., Inc. (NYSE:GHL) traded up 3.75% during trading on Friday, reaching $19.35. 1,439,208 shares of the company traded hands. Greenhill & Co., Inc. has a 12-month low of $13.80 and a 12-month high of $32.45. The stock has a market capitalization of $573.50 million, a PE ratio of 14.79 and a beta of 1.27. The firm’s 50-day moving average is $15.92 and its 200-day moving average is $19.50.
Greenhill & Co. (NYSE:GHL) last posted its earnings results on Wednesday, October 18th. The financial services provider reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.25). Greenhill & Co. had a net margin of 8.49% and a return on equity of 8.96%. The business had revenue of $48.09 million during the quarter, compared to analysts’ expectations of $38.33 million. During the same period last year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was down 37.2% compared to the same quarter last year. On average, equities analysts predict that Greenhill & Co., Inc. will post $0.07 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Tuesday, December 5th. Greenhill & Co.’s dividend payout ratio (DPR) is presently 243.24%.
Greenhill & Co. declared that its board has approved a stock repurchase program on Monday, September 25th that permits the company to buyback $235.00 million in shares. This buyback authorization permits the financial services provider to repurchase up to 55.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
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A number of brokerages recently commented on GHL. ValuEngine upgraded shares of Greenhill & Co. from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Keefe, Bruyette & Woods restated a “hold” rating and set a $21.00 target price on shares of Greenhill & Co. in a research report on Friday, July 14th. Bank of America Corporation decreased their target price on shares of Greenhill & Co. from $13.00 to $12.00 and set an “underperform” rating on the stock in a research report on Thursday, October 19th. Sandler O’Neill lowered shares of Greenhill & Co. from a “buy” rating to a “hold” rating and decreased their target price for the stock from $25.00 to $18.00 in a research report on Tuesday, October 10th. Finally, UBS AG restated a “sell” rating and set a $9.00 target price (down previously from $17.00) on shares of Greenhill & Co. in a research report on Monday, August 21st. Six investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has a consensus rating of “Sell” and a consensus price target of $16.67.
Greenhill & Co. 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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