Greenhill & Co. (GHL) Shares Bought by Fisher Asset Management LLC
Fisher Asset Management LLC boosted its stake in shares of Greenhill & Co. (NYSE:GHL) by 3.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 655,399 shares of the company’s stock after buying an additional 22,755 shares during the period. Fisher Asset Management LLC owned about 2.21% of Greenhill & Co. worth $15,448,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in GHL. Societe Generale purchased a new position in Greenhill & Co. during the second quarter valued at $104,000. First Mercantile Trust Co. raised its position in Greenhill & Co. by 26.1% in the second quarter. First Mercantile Trust Co. now owns 7,664 shares of the company’s stock valued at $123,000 after buying an additional 1,586 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Greenhill & Co. by 111.0% in the second quarter. BNP Paribas Arbitrage SA now owns 8,962 shares of the company’s stock valued at $144,000 after buying an additional 4,715 shares in the last quarter. LaSalle Street Capital Management LLC raised its position in Greenhill & Co. by 3.5% in the second quarter. LaSalle Street Capital Management LLC now owns 10,498 shares of the company’s stock valued at $169,000 after buying an additional 354 shares in the last quarter. Finally, BlackRock Advisors LLC raised its position in Greenhill & Co. by 6.3% in the second quarter. BlackRock Advisors LLC now owns 13,900 shares of the company’s stock valued at $224,000 after buying an additional 821 shares in the last quarter. 91.65% of the stock is currently owned by institutional investors and hedge funds.
Greenhill & Co. (NYSE:GHL) traded up 0.35% during midday trading on Friday, reaching $28.95. The company’s stock had a trading volume of 121,780 shares. 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 $24.52 and a 200 day moving average of $21.46. The firm has a market capitalization of $846.61 million, a PE ratio of 20.56 and a beta of 1.38.
Greenhill & Co. (NYSE:GHL) last posted its quarterly earnings results on Monday, October 24th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.43 by $0.02. Greenhill & Co. had a net margin of 14.53% and a return on equity of 16.11%. The business had revenue of $76.60 million for the quarter, compared to analyst estimates of $82.09 million. During the same period in the previous year, the firm posted $0.02 earnings per share. The firm’s quarterly revenue was up 51.4% on a year-over-year basis. On average, equities research analysts predict that Greenhill & Co. will post $1.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Wednesday, December 7th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.22%. The ex-dividend date of this dividend is Monday, December 5th. Greenhill & Co.’s payout ratio is currently 126.76%.
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Several equities analysts have recently weighed in on GHL shares. Zacks Investment Research raised Greenhill & Co. from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Wednesday, October 19th. Nomura reissued a “hold” rating and set a $26.00 price target on shares of Greenhill & Co. in a research report on Wednesday, October 5th. Finally, Credit Suisse Group AG set a $15.00 price target on Greenhill & Co. and gave the stock a “sell” rating in a research report on Wednesday, September 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $26.33.
Greenhill & Co. Company Profile
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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