Greenhill & Co., Inc. (GHL) Coverage Initiated at Goldman Sachs Group

Research analysts at Goldman Sachs Group assumed coverage on shares of Greenhill & Co., Inc. (NYSE:GHL) in a research report issued to clients and investors on Tuesday, The Fly reports. The firm set a “sell” rating on the financial services provider’s stock.

Several other research firms have also commented on GHL. Keefe, Bruyette & Woods restated a “sell” rating and issued a $26.00 price target on shares of Greenhill & Co., Inc. in a report on Friday, August 3rd. ValuEngine upgraded shares of Greenhill & Co., Inc. from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 2nd. Bank of America raised their price target on shares of Greenhill & Co., Inc. from $15.00 to $17.00 and gave the company an “underperform” rating in a report on Monday, July 16th. Finally, Sandler O’Neill set a $32.00 price target on shares of Greenhill & Co., Inc. and gave the company a “hold” rating in a report on Friday, July 13th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.00.

NYSE GHL opened at $21.22 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 debt-to-equity ratio of 3.40, a quick ratio of 3.61 and a current ratio of 3.61. The company has a market capitalization of $483.35 million, a P/E ratio of -75.79 and a beta of 1.17.

Greenhill & Co., Inc. (NYSE:GHL) last posted its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.15. Greenhill & Co., Inc. had a net margin of 0.56% and a return on equity of 14.29%. The firm had revenue of $86.80 million for the quarter. Equities research analysts predict that Greenhill & Co., Inc. will post 1.42 EPS for the current year.

In related news, President Kevin M. Costantino sold 8,175 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $32.24, for a total value of $263,562.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 15.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in shares of Greenhill & Co., Inc. during the second quarter valued at approximately $144,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Greenhill & Co., Inc. during the second quarter valued at approximately $145,000. TD Asset Management Inc. purchased a new stake in shares of Greenhill & Co., Inc. during the second quarter valued at approximately $206,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Greenhill & Co., Inc. during the second quarter valued at approximately $213,000. Finally, IFG Advisory LLC purchased a new stake in shares of Greenhill & Co., Inc. during the third quarter valued at approximately $301,000. Hedge funds and other institutional investors own 97.86% of the company’s stock.

About Greenhill & Co., Inc.

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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