Greenhill & Co. (GHL) to Issue Quarterly Dividend of $0.45 on December 21st
Greenhill & Co. (NYSE:GHL) announced a quarterly dividend on Tuesday, October 25th. Investors of record on Wednesday, December 7th will be given a dividend of 0.45 per share on Wednesday, December 21st. This represents a $1.80 annualized dividend and a yield of 6.49%. The ex-dividend date is Monday, December 5th.
Shares of Greenhill & Co. (NYSE:GHL) opened at 27.75 on Wednesday. The firm has a market cap of $811.52 million, a price-to-earnings ratio of 19.71 and a beta of 1.38. The company’s 50-day moving average is $24.68 and its 200 day moving average is $21.55. Greenhill & Co. has a 1-year low of $15.62 and a 1-year high of $29.30.
Greenhill & Co. (NYSE:GHL) last posted its earnings results on Monday, October 24th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $82.09 million. During the same quarter in the previous year, the business posted $0.02 earnings per share. The business’s quarterly revenue was up 51.4% compared to the same quarter last year. On average, equities research analysts expect that Greenhill & Co. will post $1.74 EPS for the current fiscal year.
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A number of research firms recently issued reports on GHL. Credit Suisse Group AG set a $13.00 target price on shares of Greenhill & Co. and gave the company a “sell” rating in a research note on Tuesday, August 9th. Zacks Investment Research upgraded shares of Greenhill & Co. from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, October 19th. Finally, Nomura reiterated a “hold” rating and issued a $26.00 target price on shares of Greenhill & Co. in a research note on Wednesday, October 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $26.33.
A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Greenhill & Co. by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 815,289 shares of the company’s stock worth $13,126,000 after buying an additional 28,678 shares during the last quarter. Vanguard Group Inc. increased its position in Greenhill & Co. by 0.3% in the second quarter. Vanguard Group Inc. now owns 2,068,757 shares of the company’s stock worth $33,307,000 after buying an additional 6,072 shares during the last quarter. BlackRock Advisors LLC increased 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 worth $224,000 after buying an additional 821 shares during the last quarter. BlackRock Investment Management LLC increased its position in Greenhill & Co. by 10.2% in the second quarter. BlackRock Investment Management LLC now owns 124,405 shares of the company’s stock worth $2,003,000 after buying an additional 11,508 shares during the last quarter. Finally, BlackRock Group LTD increased its position in Greenhill & Co. by 15.3% in the second quarter. BlackRock Group LTD now owns 41,788 shares of the company’s stock worth $672,000 after buying an additional 5,543 shares during the last quarter. Institutional investors own 93.40% of the company’s stock.
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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