Goldman Sachs Group started coverage on shares of Greenhill & Co., Inc. (NYSE:GHL) in a research report report published on Tuesday, Marketbeat.com reports. The brokerage issued a sell rating and a $23.00 price objective on the financial services provider’s stock.
A number of other analysts have also recently commented on the stock. Bank of America upped their target price 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. Keefe, Bruyette & Woods reaffirmed a sell rating and set a $26.00 target price on shares of Greenhill & Co., Inc. in a report on Friday, August 3rd. ValuEngine cut shares of Greenhill & Co., Inc. from a strong-buy rating to a buy rating in a report on Tuesday, August 28th. Finally, Sandler O’Neill set a $32.00 target price 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 issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $23.83.
GHL stock traded down $0.46 during midday trading on Tuesday, reaching $22.84. 257,438 shares of the company’s stock traded hands, compared to its average volume of 355,497. Greenhill & Co., Inc. has a 52-week low of $16.25 and a 52-week high of $33.45. The stock has a market cap of $466.54 million, a P/E ratio of -81.57 and a beta of 1.17. The company has a current ratio of 2.92, a quick ratio of 3.61 and a debt-to-equity ratio of 5.51.
Greenhill & Co., Inc. (NYSE:GHL) last announced its earnings results on Wednesday, October 24th. The financial services provider reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.15. Greenhill & Co., Inc. had a net margin of 0.56% and a return on equity of 16.89%. The business had revenue of $86.80 million during the quarter. As a group, equities analysts forecast that Greenhill & Co., Inc. will post 1.42 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Wednesday, December 5th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, December 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.88%. Greenhill & Co., Inc.’s dividend payout ratio (DPR) is presently -71.43%.
Several hedge funds and other institutional investors have recently made changes to their positions in GHL. SG Americas Securities LLC purchased a new stake in shares of Greenhill & Co., Inc. in the second quarter worth $144,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Greenhill & Co., Inc. in the second quarter worth $145,000. TD Asset Management Inc. purchased a new stake in shares of Greenhill & Co., Inc. in the second quarter worth $206,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Greenhill & Co., Inc. in the second quarter worth $213,000. Finally, Trexquant Investment LP purchased a new stake in shares of Greenhill & Co., Inc. in the third quarter worth $272,000. 97.86% of the stock is owned by hedge funds and other 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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