Marshall Wace North America L.P. lowered its stake in Greenhill & Co., Inc. (NYSE:GHL) by 57.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,643 shares of the financial services provider’s stock after selling 27,045 shares during the quarter. Marshall Wace North America L.P. owned about 0.09% of Greenhill & Co., Inc. worth $423,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of GHL. Norges Bank bought a new stake in Greenhill & Co., Inc. during the 4th quarter valued at $6,255,000. Prudential Financial Inc. raised its position in shares of Greenhill & Co., Inc. by 476.0% in the 4th quarter. Prudential Financial Inc. now owns 180,466 shares of the financial services provider’s stock worth $4,404,000 after acquiring an additional 149,135 shares in the last quarter. Millennium Management LLC raised its position in shares of Greenhill & Co., Inc. by 73.3% in the 4th quarter. Millennium Management LLC now owns 297,687 shares of the financial services provider’s stock worth $7,264,000 after acquiring an additional 125,872 shares in the last quarter. Spark Investment Management LLC bought a new position in shares of Greenhill & Co., Inc. in the 1st quarter worth $2,303,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd bought a new position in shares of Greenhill & Co., Inc. in the 1st quarter worth $1,640,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on GHL shares. TheStreet downgraded Weibo from a “b-” rating to a “c+” rating in a research note on Friday, May 31st. Buckingham Research dropped their price target on PJT Partners from $49.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. UBS Group set a €45.00 ($52.33) price objective on Fuchs Petrolub and gave the company a “buy” rating in a report on Thursday, March 21st. Keefe, Bruyette & Woods cut Greenhill & Co., Inc. from a “market perform” rating to an “underperform” rating and decreased their price objective for the company from $23.50 to $23.00 in a report on Tuesday, April 30th. Finally, ValuEngine raised Vermillion from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Greenhill & Co., Inc. currently has a consensus rating of “Hold” and an average target price of $23.67.
Greenhill & Co., Inc. (NYSE:GHL) last posted its quarterly earnings results on Monday, April 29th. The financial services provider reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.34). The company had revenue of $51.20 million during the quarter, compared to analysts’ expectations of $57.43 million. Greenhill & Co., Inc. had a net margin of 5.53% and a return on equity of 32.81%. Greenhill & Co., Inc.’s revenue for the quarter was down 41.5% on a year-over-year basis. During the same quarter last year, the company earned $0.21 earnings per share. As a group, analysts anticipate that Greenhill & Co., Inc. will post 0.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, June 5th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $0.20 annualized dividend and a dividend yield of 1.34%. Greenhill & Co., Inc.’s dividend payout ratio is currently 12.42%.
Greenhill & Co., Inc. Company Profile
Greenhill & Co, Inc, an independent investment bank, provides financial and strategic advisory services to corporations, partnerships, institutions, and governments worldwide. The company offers advisory services to clients in relation to mergers, acquisitions, divestitures, spin-offs, and other strategic transactions, as well as various stages of a transaction's life cycle ranging from initial structuring and negotiation to final execution.
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