Analysts Set Greenhill & Co. (GHL) PT at $26.33
Greenhill & Co. (NYSE:GHL) has been assigned a consensus rating of “Hold” from the six analysts that are covering the stock. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $26.33.
A number of analysts recently commented on GHL shares. Zacks Investment Research upgraded shares of Greenhill & Co. from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, August 2nd. Credit Suisse Group AG set a $13.00 price objective on shares of Greenhill & Co. and gave the company a “sell” rating in a research report on Tuesday, August 9th. Finally, Nomura reiterated a “hold” rating and set a $26.00 target price on shares of Greenhill & Co. in a report on Wednesday, October 5th.
Shares of Greenhill & Co. (NYSE:GHL) opened at 28.95 on Friday. The firm has a market cap of $846.61 million, a PE ratio of 20.56 and a beta of 1.38. Greenhill & Co. has a 52-week low of $15.62 and a 52-week high of $29.30. The company’s 50-day moving average price is $24.52 and its 200-day moving average price is $21.46.
Greenhill & Co. (NYSE:GHL) last released its quarterly earnings data on Monday, October 24th. The company reported $0.41 EPS for the quarter, missing the Zacks’ 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 firm earned $76.60 million during the quarter, compared to the consensus estimate of $82.09 million. During the same quarter in the prior year, the company earned $0.02 EPS. Greenhill & Co.’s quarterly revenue was up 51.4% on a year-over-year basis. Equities analysts expect that Greenhill & Co. will post $1.74 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Wednesday, December 7th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, December 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.22%. Greenhill & Co.’s dividend payout ratio is 126.76%.
Several institutional investors have recently bought and sold shares of the company. Teachers Advisors Inc. increased its position in Greenhill & Co. by 3.1% in the first quarter. Teachers Advisors Inc. now owns 65,531 shares of the company’s stock worth $1,455,000 after buying an additional 1,982 shares in the last quarter. UBS Group AG increased its position in Greenhill & Co. by 41.4% in the first quarter. UBS Group AG now owns 36,720 shares of the company’s stock worth $816,000 after buying an additional 10,743 shares in the last quarter. BNP Paribas Arbitrage SA increased 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 worth $144,000 after buying an additional 4,715 shares in the last quarter. GW&K Investment Management LLC increased its position in Greenhill & Co. by 16.6% in the second quarter. GW&K Investment Management LLC now owns 252,519 shares of the company’s stock worth $4,066,000 after buying an additional 36,026 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in Greenhill & Co. by 0.4% in the second quarter. Fisher Asset Management LLC now owns 632,644 shares of the company’s stock worth $11,135,000 after buying an additional 2,425 shares in the last quarter. Institutional investors own 91.65% of the company’s stock.
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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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