Greenhill & Co., Inc. (NYSE:GHL) has received a consensus rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $24.00.
A number of research analysts have weighed in on GHL shares. ValuEngine lowered Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Sandler O’Neill set a $32.00 price target on Greenhill & Co., Inc. and gave the stock a “hold” rating in a research note on Friday, July 13th. Goldman Sachs Group started coverage on Greenhill & Co., Inc. in a research note on Tuesday. They set a “sell” rating on the stock. Bank of America increased their price target on Greenhill & Co., Inc. from $15.00 to $17.00 and gave the stock an “underperform” rating in a research note on Monday, July 16th. Finally, Keefe, Bruyette & Woods reissued a “sell” rating and set a $26.00 price target on shares of Greenhill & Co., Inc. in a research note on Friday, August 3rd.
GHL stock traded up $0.81 on Thursday, reaching $22.03. The company had a trading volume of 296,711 shares, compared to its average volume of 376,511. Greenhill & Co., Inc. has a 1 year low of $16.25 and a 1 year high of $33.45. The firm has a market cap of $483.35 million, a P/E ratio of -78.68 and a beta of 1.17. The company has a debt-to-equity ratio of 3.40, a quick ratio of 3.61 and a current ratio of 3.61.
Greenhill & Co., Inc. (NYSE:GHL) last issued its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.15. Greenhill & Co., Inc. had a return on equity of 14.29% and a net margin of 0.56%. The company had revenue of $86.80 million for the quarter. On average, research analysts predict that Greenhill & Co., Inc. will post 1.42 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Wednesday, December 5th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Tuesday, December 4th. Greenhill & Co., Inc.’s dividend payout ratio is presently -71.43%.
In other Greenhill & Co., Inc. news, President Kevin M. Costantino sold 8,175 shares of the stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $32.24, for a total transaction of $263,562.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 15.60% of the company’s stock.
Several institutional investors have recently modified their holdings of the business. American Century Companies Inc. purchased a new position in shares of Greenhill & Co., Inc. in the 2nd quarter worth $6,417,000. BlackRock Inc. raised its position in shares of Greenhill & Co., Inc. by 4.6% in the 1st quarter. BlackRock Inc. now owns 3,470,328 shares of the financial services provider’s stock worth $64,199,000 after buying an additional 153,888 shares during the period. Dalton Greiner Hartman Maher & Co. raised its position in shares of Greenhill & Co., Inc. by 6.6% in the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 1,080,458 shares of the financial services provider’s stock worth $30,685,000 after buying an additional 67,082 shares during the period. Engineers Gate Manager LP purchased a new position in shares of Greenhill & Co., Inc. in the 2nd quarter worth $1,780,000. Finally, KBC Group NV purchased a new position in shares of Greenhill & Co., Inc. in the 2nd quarter worth $1,193,000. 97.86% of the stock is currently owned by institutional investors.
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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