Brokerages Set Greenhill & Co., Inc. (NYSE:GHL) Target Price at $10.75

Greenhill & Co., Inc. (NYSE:GHL – Get Rating) has earned an average rating of “Hold” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $10.75.

A number of brokerages have weighed in on GHL. JMP Securities restated a “market outperform” rating and issued a $20.00 target price on shares of Greenhill & Co., Inc. in a research note on Thursday, February 2nd. Keefe, Bruyette & Woods upped their target price on Greenhill & Co., Inc. from $6.50 to $7.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 3rd. Finally, StockNews.com started coverage on Greenhill & Co., Inc. in a research note on Friday. They issued a “buy” rating on the stock.

Institutional Investors Weigh In On Greenhill & Co., Inc.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Greenhill & Co., Inc. in the 3rd quarter valued at approximately $33,000. Barclays PLC lifted its stake in shares of Greenhill & Co., Inc. by 139.0% in the 4th quarter. Barclays PLC now owns 3,456 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 2,010 shares during the period. Quantbot Technologies LP purchased a new position in shares of Greenhill & Co., Inc. in the 1st quarter valued at approximately $40,000. Trexquant Investment LP bought a new position in Greenhill & Co., Inc. during the 3rd quarter valued at approximately $62,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Greenhill & Co., Inc. during the 3rd quarter valued at approximately $63,000. Hedge funds and other institutional investors own 74.14% of the company’s stock.

Greenhill & Co., Inc. Stock Performance

Shares of GHL opened at $9.18 on Thursday. The stock’s 50-day simple moving average is $11.90 and its 200 day simple moving average is $9.60. The stock has a market capitalization of $168.09 million, a price-to-earnings ratio of -131.14 and a beta of 1.26. The company has a debt-to-equity ratio of 3.33, a quick ratio of 2.50 and a current ratio of 2.50. Greenhill & Co., Inc. has a 52-week low of $5.64 and a 52-week high of $16.79.

Greenhill & Co., Inc. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 22nd. Investors of record on Wednesday, March 8th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend is Tuesday, March 7th. Greenhill & Co., Inc.’s dividend payout ratio is presently -571.43%.

Greenhill & Co., Inc. Company Profile

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Greenhill & Co, Inc is an independent investment bank, which engages in the provision of financial and strategic advice. It specializes in mergers and acquisitions, divestitures, restructurings, financings, and capital raising. The company was founded by Robert F. Greenhill in 1996 and is headquartered in New York, NY.