Greenhill & Co., Inc. (GHL) Given Consensus Recommendation of “Sell” by Brokerages
Greenhill & Co., Inc. (NYSE:GHL) has been assigned an average rating of “Sell” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $20.86.
GHL has been the subject of a number of research analyst reports. Zacks Investment Research cut Greenhill & Co. from a “hold” rating to a “sell” rating in a report on Monday, June 19th. Nomura restated a “sell” rating and set a $21.00 target price on shares of Greenhill & Co. in a report on Monday, May 1st. ValuEngine upgraded Greenhill & Co. from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Keefe, Bruyette & Woods initiated coverage on Greenhill & Co. in a report on Friday, June 2nd. They set a “market perform” rating for the company. Finally, TheStreet cut Greenhill & Co. from a “b-” rating to a “c+” rating in a report on Wednesday, June 21st.
Several institutional investors have recently made changes to their positions in GHL. Guggenheim Capital LLC boosted its position in shares of Greenhill & Co. by 131.5% in the fourth quarter. Guggenheim Capital LLC now owns 20,353 shares of the financial services provider’s stock valued at $564,000 after buying an additional 11,561 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Greenhill & Co. by 39.6% in the fourth quarter. AQR Capital Management LLC now owns 12,522 shares of the financial services provider’s stock valued at $347,000 after buying an additional 3,550 shares during the last quarter. Norges Bank bought a new position in shares of Greenhill & Co. during the fourth quarter valued at about $4,867,000. Teachers Advisors LLC boosted its position in shares of Greenhill & Co. by 10.2% in the fourth quarter. Teachers Advisors LLC now owns 57,914 shares of the financial services provider’s stock valued at $1,604,000 after buying an additional 5,355 shares during the last quarter. Finally, Bank of Montreal Can boosted its position 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 last quarter. Institutional investors and hedge funds own 94.42% of the company’s stock.
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Shares of Greenhill & Co. (GHL) opened at 17.15 on Tuesday. The stock has a market capitalization of $507.25 million, a price-to-earnings ratio of 13.11 and a beta of 1.29. Greenhill & Co. has a 1-year low of $17.00 and a 1-year high of $32.45. The company has a 50-day moving average of $19.99 and a 200-day moving average of $25.16.
Greenhill & Co. (NYSE:GHL) last announced its earnings results on Thursday, July 27th. The financial services provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by $0.10. Greenhill & Co. had a net margin of 13.98% and a return on equity of 15.64%. The firm had revenue of $67.27 million for the quarter, compared to analysts’ expectations of $72.25 million. During the same quarter last year, the business earned $0.62 earnings per share. The business’s revenue was down 25.7% compared to the same quarter last year. On average, equities research analysts expect that Greenhill & Co. will post $0.55 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 10.50%. The ex-dividend date is Tuesday, September 12th. Greenhill & Co.’s payout ratio is presently 135.34%.
About Greenhill & Co.
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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