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%.
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.
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