Greenhill & Co., Inc. (GHL) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its stake in shares of Greenhill & Co., Inc. (NYSE:GHL) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,499 shares of the financial services provider’s stock after acquiring an additional 102 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Greenhill & Co. were worth $191,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Principal Financial Group Inc. boosted its stake in Greenhill & Co. by 18.5% during the second quarter. Principal Financial Group Inc. now owns 247,675 shares of the financial services provider’s stock worth $4,978,000 after acquiring an additional 38,618 shares in the last quarter. Royce & Associates LP bought a new position in Greenhill & Co. during the second quarter worth $19,952,000. American Century Companies Inc. boosted its stake in Greenhill & Co. by 2.7% during the second quarter. American Century Companies Inc. now owns 234,619 shares of the financial services provider’s stock worth $4,716,000 after acquiring an additional 6,172 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Greenhill & Co. by 8.1% during the second quarter. Victory Capital Management Inc. now owns 16,313 shares of the financial services provider’s stock worth $328,000 after acquiring an additional 1,219 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new position in Greenhill & Co. during the second quarter worth $1,274,000. 97.12% of the stock is currently owned by institutional investors and hedge funds.

Greenhill & Co., Inc. (GHL) opened at 14.40 on Friday. Greenhill & Co., Inc. has a 1-year low of $13.80 and a 1-year high of $32.45. The firm has a 50 day moving average of $15.53 and a 200-day moving average of $21.77. The company has a market capitalization of $426.79 million, a price-to-earnings ratio of 11.01 and a beta of 1.30.

Greenhill & Co. (NYSE:GHL) last released its earnings results on Thursday, July 27th. The financial services provider reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.10). The business had revenue of $67.27 million during the quarter, compared to analysts’ expectations of $72.25 million. Greenhill & Co. had a return on equity of 15.68% and a net margin of 13.98%. The firm’s quarterly revenue was down 25.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 earnings per share. On average, equities research analysts anticipate that Greenhill & Co., Inc. will post $0.44 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.59%. The ex-dividend date is Tuesday, September 12th. Greenhill & Co.’s dividend payout ratio is presently 135.34%.

ILLEGAL ACTIVITY NOTICE: “Greenhill & Co., Inc. (GHL) Shares Bought by Oppenheimer Asset Management Inc.” was originally reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this news story on another site, it was illegally copied and republished in violation of international copyright law. The legal version of this news story can be viewed at https://sportsperspectives.com/2017/09/22/greenhill-co-inc-ghl-shares-bought-by-oppenheimer-asset-management-inc.html.

Several research analysts recently issued reports on GHL shares. 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 “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. UBS AG reaffirmed a “sell” rating and issued a $9.00 price objective (down from $17.00) on shares of Greenhill & Co. in a research note on Monday, August 21st. TheStreet lowered shares of Greenhill & Co. from a “b-” rating to a “c+” rating in a research note on Wednesday, June 21st. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Greenhill & Co. in a research note on Friday, June 2nd. They issued a “market perform” rating on the stock. Seven equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The stock currently has an average rating of “Sell” and a consensus price target of $20.75.

Greenhill & Co. Profile

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.

Want to see what other hedge funds are holding GHL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Greenhill & Co., Inc. (NYSE:GHL).

Institutional Ownership by Quarter for Greenhill & Co. (NYSE:GHL)

Receive News & Ratings for Greenhill & Co. Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenhill & Co. Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply