Shares of Greenhill & Co. (NYSE:GHL) have received an average rating of “Hold” from the six analysts that are presently covering the firm. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $26.33.
A number of brokerages have issued reports on GHL. Credit Suisse Group AG set a $13.00 price objective on shares of Greenhill & Co. and gave the stock a “sell” rating in a research report on Tuesday, August 9th. Zacks Investment Research raised shares of Greenhill & Co. from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, October 19th. Finally, Nomura reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Greenhill & Co. in a research report on Wednesday, October 5th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Manhattan Co. boosted its position in Greenhill & Co. by 1,433.7% in the third quarter. First Manhattan Co. now owns 4,279 shares of the company’s stock worth $100,000 after buying an additional 4,000 shares during the last quarter. Societe Generale acquired a new stake in shares of Greenhill & Co. during the second quarter worth approximately $104,000. BlackRock Inc. boosted its stake in shares of Greenhill & Co. by 5.6% in the third quarter. BlackRock Inc. now owns 5,174 shares of the company’s stock worth $122,000 after buying an additional 275 shares during the last quarter. First Mercantile Trust Co. boosted its stake in shares of Greenhill & Co. by 26.1% in the second quarter. First Mercantile Trust Co. now owns 7,664 shares of the company’s stock worth $123,000 after buying an additional 1,586 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of 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 during the last quarter. Hedge funds and other institutional investors own 91.65% of the company’s stock.
Shares of Greenhill & Co. (NYSE:GHL) opened at 28.95 on Friday. Greenhill & Co. has a 12 month low of $15.62 and a 12 month high of $29.30. The firm has a market capitalization of $846.61 million, a P/E ratio of 20.56 and a beta of 1.38. The firm’s 50-day moving average is $24.52 and its 200 day moving average is $21.46.
Greenhill & Co. (NYSE:GHL) last posted its earnings results on Monday, October 24th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.43 by $0.02. The business had revenue of $76.60 million for the quarter, compared to the consensus estimate of $82.09 million. Greenhill & Co. had a return on equity of 16.11% and a net margin of 14.53%. The company’s revenue was up 51.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 earnings per share. On average, equities research analysts anticipate that Greenhill & Co. will post $1.74 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Wednesday, December 7th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.22%. The ex-dividend date of this dividend is Monday, December 5th. Greenhill & Co.’s payout ratio is 126.76%.