Greenhill & Co., Inc. (NYSE:GHL) has been given an average recommendation of “Hold” by the eleven analysts that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $16.75.

Several research firms have recently commented on GHL. Bank of America reduced their target price on shares of Greenhill & Co., Inc. from $13.00 to $12.00 and set an “underperform” rating for the company in a research note on Thursday, October 19th. Nomura reduced their target price on shares of Greenhill & Co., Inc. from $14.00 to $13.00 and set a “reduce” rating for the company in a research note on Wednesday. Zacks Investment Research upgraded shares of Greenhill & Co., Inc. from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Friday, December 22nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $17.00 price objective on shares of Greenhill & Co., Inc. in a research note on Thursday, October 19th. Finally, Buckingham Research raised their price objective on shares of Greenhill & Co., Inc. from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Tuesday, September 26th.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. People s United Financial Inc. lifted its stake in shares of Greenhill & Co., Inc. by 0.8% in the second quarter. People s United Financial Inc. now owns 10,432 shares of the financial services provider’s stock valued at $210,000 after purchasing an additional 83 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Greenhill & Co., Inc. by 1.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 9,499 shares of the financial services provider’s stock valued at $191,000 after acquiring an additional 102 shares in the last quarter. Royal Bank of Canada increased its holdings in Greenhill & Co., Inc. by 2.4% during the 2nd quarter. Royal Bank of Canada now owns 38,732 shares of the financial services provider’s stock valued at $778,000 after acquiring an additional 891 shares in the last quarter. Signet Financial Management LLC increased its holdings in Greenhill & Co., Inc. by 3.6% during the 2nd quarter. Signet Financial Management LLC now owns 32,565 shares of the financial services provider’s stock valued at $655,000 after acquiring an additional 1,136 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Greenhill & Co., Inc. by 8.1% during the 2nd quarter. Victory Capital Management Inc. now owns 16,313 shares of the financial services provider’s stock valued at $328,000 after acquiring an additional 1,219 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Shares of Greenhill & Co., Inc. (NYSE:GHL) opened at $19.05 on Friday. Greenhill & Co., Inc. has a 52 week low of $13.80 and a 52 week high of $32.45. The company has a market cap of $513.45, a price-to-earnings ratio of 25.74 and a beta of 1.32. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.32.

Greenhill & Co., Inc. (NYSE:GHL) last released its earnings results on Wednesday, October 18th. The financial services provider reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.25). Greenhill & Co., Inc. had a return on equity of 8.88% and a net margin of 8.49%. The firm had revenue of $48.09 million during the quarter, compared to analyst estimates of $38.33 million. During the same quarter last year, the business posted $0.41 EPS. The firm’s revenue was down 37.2% on a year-over-year basis. equities research analysts expect that Greenhill & Co., Inc. will post -0.41 earnings per share for the current fiscal year.

Greenhill & Co., Inc. announced that its Board of Directors has approved a stock buyback plan on Monday, September 25th that authorizes the company to repurchase $235.00 million in shares. This repurchase authorization authorizes the financial services provider to reacquire up to 55.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Tuesday, December 5th. Greenhill & Co., Inc.’s dividend payout ratio (DPR) is 27.03%.

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Greenhill & Co., Inc. 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.

Analyst Recommendations for Greenhill & Co., Inc. (NYSE:GHL)

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