Greenhill & Co.’s (GHL) Hold Rating Reaffirmed at Nomura
Greenhill & Co. (NYSE:GHL)‘s stock had its “hold” rating reissued by Nomura in a research report issued on Wednesday. They presently have a $26.00 target price on the stock. Nomura’s price objective indicates a potential upside of 11.49% from the company’s current price.
A number of other analysts have also weighed in on GHL. Zacks Investment Research upgraded shares of Greenhill & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 15th. Credit Suisse Group AG restated a “hold” rating and set a $13.00 target price on shares of Greenhill & Co. in a research note on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $27.38.
Greenhill & Co. (NYSE:GHL) traded up 1.42% during trading on Wednesday, reaching $23.65. 205,036 shares of the company’s stock were exchanged. The stock has a market capitalization of $700.39 million, a PE ratio of 23.10 and a beta of 1.69. Greenhill & Co. has a 52 week low of $15.62 and a 52 week high of $29.30. The stock has a 50-day moving average of $22.72 and a 200-day moving average of $20.52.
Greenhill & Co. (NYSE:GHL) last released its earnings results on Tuesday, July 26th. The company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.13. Greenhill & Co. had a net margin of 11.48% and a return on equity of 11.72%. The firm had revenue of $90.50 million for the quarter, compared to analyst estimates of $89.61 million. During the same period in the prior year, the firm earned $0.30 earnings per share. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. On average, equities research analysts anticipate that Greenhill & Co. will post $1.47 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 21st. Stockholders of record on Wednesday, September 7th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.72%. The ex-dividend date was Friday, September 2nd. Greenhill & Co.’s payout ratio is currently 174.76%.
Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Greenhill & Co. by 0.3% in the second quarter. Vanguard Group Inc. now owns 2,068,757 shares of the company’s stock valued at $33,307,000 after buying an additional 6,072 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Greenhill & Co. by 25.3% in the first quarter. JPMorgan Chase & Co. now owns 1,260,631 shares of the company’s stock valued at $27,986,000 after buying an additional 254,320 shares during the last quarter. Renaissance Technologies LLC increased its stake in Greenhill & Co. by 36.4% in the first quarter. Renaissance Technologies LLC now owns 1,208,200 shares of the company’s stock valued at $26,822,000 after buying an additional 322,300 shares during the last quarter. Skyline Asset Management LP increased its stake in Greenhill & Co. by 4.0% in the first quarter. Skyline Asset Management LP now owns 1,133,700 shares of the company’s stock valued at $25,168,000 after buying an additional 43,300 shares during the last quarter. Finally, Deprince Race & Zollo Inc. increased its stake in Greenhill & Co. by 3.5% in the second quarter. Deprince Race & Zollo Inc. now owns 1,069,138 shares of the company’s stock valued at $17,213,000 after buying an additional 36,483 shares during the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.
About Greenhill & Co.
Greenhill & Co, Inc is an investment bank. The Company provides financial and advisory services 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.
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