Greenhill & Co., Inc. (GHL) Now Covered by Goldman Sachs Group

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Goldman Sachs Group began coverage on shares of Greenhill & Co., Inc. (NYSE:GHL) in a research report report published on Tuesday, MarketBeat reports. The firm issued a sell rating and a $23.00 price target on the financial services provider’s stock.

A number of other analysts also recently weighed in on the company. ValuEngine downgraded Greenhill & Co., Inc. from a buy rating to a hold rating in a research report on Thursday, November 1st. Keefe, Bruyette & Woods restated a sell rating and issued a $26.00 target price on shares of Greenhill & Co., Inc. in a research report on Friday, August 3rd. Bank of America boosted their target price on Greenhill & Co., Inc. from $15.00 to $17.00 and gave the stock an underperform rating in a research report on Monday, July 16th. Finally, Sandler O’Neill set a $32.00 target price on Greenhill & Co., Inc. and gave the stock a hold rating in a research report on Friday, July 13th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $23.83.

NYSE:GHL traded down $0.30 during mid-day trading on Tuesday, reaching $21.73. The stock had a trading volume of 1,139 shares, compared to its average volume of 376,511. The company has a market capitalization of $483.35 million, a price-to-earnings ratio of -78.82 and a beta of 1.17. Greenhill & Co., Inc. has a one year low of $16.25 and a one year high of $33.45. The company has a debt-to-equity ratio of 3.40, a current ratio of 3.61 and a quick ratio of 3.61.

Greenhill & Co., Inc. (NYSE:GHL) last released its earnings results on Wednesday, October 24th. The financial services provider reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.15. The company had revenue of $86.80 million during the quarter. Greenhill & Co., Inc. had a return on equity of 14.29% and a net margin of 0.56%. As a group, sell-side analysts anticipate that Greenhill & Co., Inc. will post 1.42 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Wednesday, December 5th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.92%. Greenhill & Co., Inc.’s dividend payout ratio (DPR) is currently -71.43%.

A number of institutional investors have recently made changes to their positions in GHL. SG Americas Securities LLC purchased a new position in Greenhill & Co., Inc. in the 2nd quarter worth approximately $144,000. Piedmont Investment Advisors LLC purchased a new position in Greenhill & Co., Inc. in the 2nd quarter worth approximately $145,000. TD Asset Management Inc. purchased a new position in Greenhill & Co., Inc. in the 2nd quarter worth approximately $206,000. Campbell & CO Investment Adviser LLC purchased a new position in Greenhill & Co., Inc. in the 2nd quarter worth approximately $213,000. Finally, IFG Advisory LLC purchased a new position in Greenhill & Co., Inc. in the 3rd quarter worth approximately $301,000. 97.86% of the stock is currently owned by institutional investors and hedge funds.

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

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