Ameriprise Financial Inc. lowered its stake in Greenhill & Co. (NYSE:GHL) by 37.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 475,009 shares of the company’s stock after selling 280,631 shares during the period. Ameriprise Financial Inc. owned about 1.59% of Greenhill & Co. worth $7,648,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of GHL. Los Angeles Capital Management & Equity Research Inc. bought a new position in Greenhill & Co. during the second quarter valued at approximately $992,000. Shufro Rose & Co. LLC bought a new position in Greenhill & Co. during the second quarter valued at approximately $3,007,000. Boston Partners bought a new position in Greenhill & Co. during the second quarter valued at approximately $2,135,000. First Trust Advisors LP bought a new position in Greenhill & Co. during the second quarter valued at approximately $427,000. Finally, State Board of Administration of Florida Retirement System raised its position in Greenhill & Co. by 0.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 19,496 shares of the company’s stock valued at $314,000 after buying an additional 109 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.
Greenhill & Co. (NYSE:GHL) traded down 0.87% during mid-day trading on Friday, hitting $22.74. The company had a trading volume of 230,095 shares. The company has a market cap of $673.45 million, a PE ratio of 22.21 and a beta of 1.69. The company’s 50 day moving average price is $22.81 and its 200-day moving average price is $20.56. Greenhill & Co. has a one year low of $15.62 and a one year high of $29.30.
Greenhill & Co. (NYSE:GHL) last announced its earnings results on Tuesday, July 26th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.13. The firm had revenue of $90.50 million for the quarter, compared to the consensus estimate of $89.61 million. Greenhill & Co. had a return on equity of 11.72% and a net margin of 11.48%. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. Equities research analysts anticipate that Greenhill & Co. will post $1.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 21st. Shareholders of record on Wednesday, September 7th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 7.85%. The ex-dividend date of this dividend was Friday, September 2nd. Greenhill & Co.’s payout ratio is currently 174.76%.
Several research firms have recently commented on GHL. Nomura reiterated a “hold” rating and set a $26.00 price target on shares of Greenhill & Co. in a report on Wednesday. Zacks Investment Research lowered Greenhill & Co. from a “buy” rating to a “hold” rating in a report on Monday. Finally, Credit Suisse Group AG set a $15.00 price objective on shares of Greenhill & Co. and gave the company a “sell” rating in a report on Wednesday, September 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $27.38.
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.