Nomura Reiterates Hold Rating for Greenhill & Co. (GHL)
Greenhill & Co. (NYSE:GHL)‘s stock had its “hold” rating restated by equities research analysts at Nomura in a research note issued on Wednesday. They presently have a $26.00 price target on the stock. Nomura’s target price indicates a potential upside of 14.59% from the stock’s previous close.
A number of other brokerages have also recently commented on GHL. Zacks Investment Research cut shares of Greenhill & Co. from a “buy” rating to a “hold” rating in a research report on Monday, October 3rd. Credit Suisse Group AG set a $15.00 price target on shares of Greenhill & Co. and gave the company a “sell” rating in a research report on Wednesday, September 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Greenhill & Co. currently has an average rating of “Hold” and an average target price of $27.38.
Greenhill & Co. (NYSE:GHL) traded down 1.09% on Wednesday, reaching $22.69. 756,213 shares of the company were exchanged. The stock has a market capitalization of $671.96 million, a P/E ratio of 22.16 and a beta of 1.69. The company’s 50-day moving average price is $22.84 and its 200-day moving average price is $20.56. Greenhill & Co. has a 12-month low of $15.62 and a 12-month high of $29.30.
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Greenhill & Co. (NYSE:GHL) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.13. Greenhill & Co. had a net margin of 11.48% and a return on equity of 11.72%. The company had revenue of $90.50 million for the quarter, compared to analysts’ expectations of $89.61 million. During the same period in the prior year, the business earned $0.30 earnings per share. Greenhill & Co.’s revenue for the quarter was up 23.3% compared to the same quarter last year. Equities research analysts anticipate that Greenhill & Co. will post $1.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 21st. Stockholders of record on Wednesday, September 7th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.93%. The ex-dividend date of this dividend was Friday, September 2nd. Greenhill & Co.’s dividend payout ratio is 174.76%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. State Board of Administration of Florida Retirement System raised its stake in shares of 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 worth $314,000 after buying an additional 109 shares during the last quarter. Bbva Compass Bancshares Inc. raised its position in shares of Greenhill & Co. by 0.5% in the second quarter. Bbva Compass Bancshares Inc. now owns 27,369 shares of the company’s stock valued at $440,000 after buying an additional 139 shares in the last quarter. Arizona State Retirement System raised its position in shares of Greenhill & Co. by 2.1% in the second quarter. Arizona State Retirement System now owns 14,442 shares of the company’s stock valued at $233,000 after buying an additional 300 shares in the last quarter. LaSalle Street Capital Management LLC raised its position in shares of Greenhill & Co. by 3.5% in the second quarter. LaSalle Street Capital Management LLC now owns 10,498 shares of the company’s stock valued at $169,000 after buying an additional 354 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Greenhill & Co. by 0.8% in the second quarter. Prudential Financial Inc. now owns 67,051 shares of the company’s stock valued at $1,080,000 after buying an additional 520 shares in the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.
About Greenhill & Co.
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.
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