UBS AG restated their sell rating on shares of Greenhill & Co., Inc. (NYSE:GHL) in a research note released on Monday. The brokerage currently has a $9.00 target price on the financial services provider’s stock, down from their prior target price of $17.00.

A number of other research analysts have also issued reports on the stock. Nomura reissued a sell rating and set a $21.00 target price on shares of Greenhill & Co. in a research note on Monday, May 1st. Zacks Investment Research lowered shares of Greenhill & Co. from a hold rating to a sell rating in a research note on Monday, June 19th. ValuEngine raised shares of Greenhill & Co. from a buy rating to a strong-buy rating in a research note on Thursday, July 6th. Keefe, Bruyette & Woods started coverage on shares of Greenhill & Co. in a research note on Friday, June 2nd. They set a market perform rating for the company. Finally, TheStreet lowered shares of Greenhill & Co. from a b- rating to a c+ rating in a research note on Wednesday, June 21st. Seven analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. Greenhill & Co. presently has an average rating of Sell and a consensus price target of $20.75.

Greenhill & Co. (NYSE GHL) opened at 15.30 on Monday. The stock has a market capitalization of $453.46 million, a PE ratio of 11.70 and a beta of 1.29. Greenhill & Co. has a 12-month low of $15.00 and a 12-month high of $32.45. The company’s 50-day moving average is $18.53 and its 200 day moving average is $23.99.

Greenhill & Co. (NYSE:GHL) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.10. Greenhill & Co. had a net margin of 13.98% and a return on equity of 15.68%. The business had revenue of $67.27 million during the quarter, compared to analyst estimates of $72.25 million. During the same period last year, the firm posted $0.62 earnings per share. The company’s quarterly revenue was down 25.7% on a year-over-year basis. On average, analysts predict that Greenhill & Co. will post $0.55 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 11.76%. The ex-dividend date is Tuesday, September 12th. Greenhill & Co.’s payout ratio is 135.34%.

Several hedge funds have recently added to or reduced their stakes in GHL. Goldman Sachs Group Inc. increased its stake in Greenhill & Co. by 109.4% in the first quarter. Goldman Sachs Group Inc. now owns 408,814 shares of the financial services provider’s stock worth $11,978,000 after buying an additional 213,581 shares during the period. North Star Investment Management Corp. bought a new stake in Greenhill & Co. during the second quarter worth approximately $687,000. Bank of Montreal Can increased its stake in Greenhill & Co. by 1,704.0% in the first quarter. Bank of Montreal Can now owns 25,870 shares of the financial services provider’s stock worth $758,000 after buying an additional 24,436 shares during the period. Norges Bank bought a new stake in Greenhill & Co. during the fourth quarter worth approximately $4,867,000. Finally, BlackRock Inc. increased its stake in Greenhill & Co. by 81,935.7% in the first quarter. BlackRock Inc. now owns 4,075,535 shares of the financial services provider’s stock worth $119,413,000 after buying an additional 4,070,567 shares during the period. Institutional investors own 97.87% of the company’s stock.

About Greenhill & Co.

Greenhill & Co, Inc is an investment bank. The Company provides financial and strategic advice 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 globally.

Analyst Recommendations for Greenhill & Co. (NYSE:GHL)

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