Voya Investment Management LLC Sells 1,959 Shares of Greenhill & Co., Inc. (GHL)

Voya Investment Management LLC trimmed its holdings in shares of Greenhill & Co., Inc. (NYSE:GHL) by 16.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,143 shares of the financial services provider’s stock after selling 1,959 shares during the period. Voya Investment Management LLC’s holdings in Greenhill & Co., Inc. were worth $288,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Greenhill & Co., Inc. in the 2nd quarter valued at about $144,000. Piedmont Investment Advisors LLC acquired a new stake in Greenhill & Co., Inc. in the 2nd quarter valued at about $145,000. TD Asset Management Inc. acquired a new stake in Greenhill & Co., Inc. in the 2nd quarter valued at about $206,000. Campbell & CO Investment Adviser LLC acquired a new stake in Greenhill & Co., Inc. in the 2nd quarter valued at about $213,000. Finally, Legal & General Group Plc lifted its stake in Greenhill & Co., Inc. by 16.7% in the 1st quarter. Legal & General Group Plc now owns 54,323 shares of the financial services provider’s stock valued at $998,000 after purchasing an additional 7,791 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Several equities research analysts recently issued reports on the stock. ValuEngine upgraded shares of Greenhill & Co., Inc. from a “hold” rating to a “buy” rating in a research note on Tuesday, June 26th. Sandler O’Neill set a $32.00 target price on shares of Greenhill & Co., Inc. and gave the company a “hold” rating in a research note on Friday, July 13th. Zacks Investment Research upgraded shares of Greenhill & Co., Inc. from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Thursday, July 5th. Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $26.00 target price on shares of Greenhill & Co., Inc. in a research note on Friday, August 3rd. Finally, Bank of America raised their target price on shares of Greenhill & Co., Inc. from $15.00 to $17.00 and gave the company an “underperform” rating in a research note on Monday, July 16th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $24.00.

Greenhill & Co., Inc. stock opened at $27.44 on Friday. The stock has a market capitalization of $621.68 million, a price-to-earnings ratio of 102.04 and a beta of 1.04. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 3.40. Greenhill & Co., Inc. has a twelve month low of $16.25 and a twelve month high of $33.45.

Greenhill & Co., Inc. (NYSE:GHL) last released its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.05. The firm had revenue of $88.50 million for the quarter, compared to analysts’ expectations of $79.93 million. Greenhill & Co., Inc. had a negative net margin of 5.25% and a positive return on equity of 3.15%. The business’s revenue was up 31.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 EPS. As a group, equities analysts forecast that Greenhill & Co., Inc. will post 1.31 earnings per share for the current fiscal year.

In other Greenhill & Co., Inc. news, President Kevin M. Costantino sold 8,175 shares of the stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $32.24, for a total value of $263,562.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 15.60% of the stock is owned by corporate insiders.

Greenhill & Co., Inc. Company Profile

Greenhill & Co, Inc, together with its subsidiaries, operates as an independent investment bank for corporations, partnerships, institutions, and governments worldwide. The company provides financial advisory services primarily related to mergers and acquisitions, restructurings, financings, and capital raisings.

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Institutional Ownership by Quarter for Greenhill & Co., Inc. (NYSE:GHL)

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