Zacks Investment Research lowered shares of Greenhill & Co., Inc. (NYSE:GHL) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday.
According to Zacks, “GREENHILL & CO., Inc. is a leading independent investment bank that provides financial advice on significant mergers, acquisitions and restructurings; assists private funds in raising capital from investors; and manages merchant banking funds. It acts for clients located throughout the world from its offices in New York, London, Frankfurt, Toronto, Dallas and San Francisco. “
GHL has been the subject of several other reports. Nomura dropped 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 report on Wednesday, January 3rd. ValuEngine upgraded shares of Greenhill & Co., Inc. from a sell rating to a hold rating in a report on Tuesday, January 9th. Finally, Sandler O’Neill restated a hold rating and set a $19.50 target price on shares of Greenhill & Co., Inc. in a report on Tuesday, February 13th. Five investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock has a consensus rating of Sell and a consensus price target of $15.64.
Greenhill & Co., Inc. (NYSE:GHL) last posted its earnings results on Tuesday, February 6th. The financial services provider reported ($0.35) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.18). Greenhill & Co., Inc. had a negative net margin of 11.14% and a negative return on equity of 3.43%. The business had revenue of $66.89 million for the quarter, compared to analysts’ expectations of $57.36 million. During the same quarter last year, the business posted $0.74 earnings per share. The business’s revenue was down 34.2% compared to the same quarter last year. equities research analysts forecast that Greenhill & Co., Inc. will post 0.93 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $0.20 annualized dividend and a dividend yield of 0.98%. Greenhill & Co., Inc.’s dividend payout ratio is currently -23.53%.
Several institutional investors have recently added to or reduced their stakes in GHL. The Manufacturers Life Insurance Company boosted its stake in shares of Greenhill & Co., Inc. by 9,562.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,073,680 shares of the financial services provider’s stock worth $40,436,000 after purchasing an additional 2,052,219 shares during the last quarter. South Dakota Investment Council boosted its stake in shares of Greenhill & Co., Inc. by 149.9% during the 3rd quarter. South Dakota Investment Council now owns 601,733 shares of the financial services provider’s stock worth $9,989,000 after purchasing an additional 360,941 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Greenhill & Co., Inc. during the 4th quarter worth about $6,605,000. Hudson Bay Capital Management LP acquired a new stake in shares of Greenhill & Co., Inc. during the 4th quarter worth about $5,785,000. Finally, TCW Group Inc. acquired a new stake in shares of Greenhill & Co., Inc. during the 4th quarter worth about $4,658,000. 98.89% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: This report was posted by Markets Daily and is the sole property of of Markets Daily. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://www.themarketsdaily.com/2018/03/14/greenhill-co-inc-ghl-stock-rating-lowered-by-zacks-investment-research.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Greenhill & Co. Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenhill & Co. Inc. and related companies with MarketBeat.com's FREE daily email newsletter.