US Bancorp DE boosted its stake in shares of Greenhill & Co., Inc. (NYSE:GHL) by 4,720.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,774 shares of the financial services provider’s stock after buying an additional 16,426 shares during the period. US Bancorp DE owned 0.06% of Greenhill & Co. worth $337,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its stake in shares of 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 valued at $11,978,000 after buying an additional 213,581 shares during the period. North Star Investment Management Corp. purchased a new stake in shares of Greenhill & Co. during the second quarter valued at about $687,000. Bank of Montreal Can increased its stake in shares of 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 valued at $758,000 after buying an additional 24,436 shares during the period. Norges Bank purchased a new stake in shares of Greenhill & Co. during the fourth quarter valued at about $4,867,000. Finally, BlackRock Inc. increased its stake in shares of 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 valued at $119,413,000 after buying an additional 4,070,567 shares during the period. 97.87% of the stock is owned by institutional investors.
Greenhill & Co., Inc. (GHL) traded down 0.63% during trading on Friday, hitting $15.80. The stock had a trading volume of 518,222 shares. Greenhill & Co., Inc. has a 52 week low of $15.68 and a 52 week high of $32.45. The firm has a market cap of $468.28 million, a PE ratio of 12.08 and a beta of 1.29. The company’s 50-day moving average is $18.67 and its 200 day moving average is $24.16.
Greenhill & Co. (NYSE:GHL) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $67.27 million for the quarter, compared to analyst estimates of $72.25 million. During the same period last year, the company earned $0.62 EPS. The company’s revenue was down 25.7% compared to the same quarter last year. Equities analysts expect that Greenhill & Co., Inc. will post $0.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 11.39%. The ex-dividend date of this dividend is Tuesday, September 12th. Greenhill & Co.’s dividend payout ratio (DPR) is presently 135.34%.
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GHL has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Greenhill & Co. from a “hold” rating to a “sell” rating in a research report on Monday, June 19th. Nomura reaffirmed a “sell” rating and issued a $21.00 price objective on shares of Greenhill & Co. in a research report on Monday, May 1st. ValuEngine raised shares of Greenhill & Co. from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods initiated coverage on shares of Greenhill & Co. in a research report on Friday, June 2nd. They issued a “market perform” rating for the company. Finally, TheStreet downgraded shares of Greenhill & Co. from a “b-” rating to a “c+” rating in a research report on Wednesday, June 21st. Seven research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Sell” and an average price target of $22.00.
Greenhill & Co. Company 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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