Greenhill & Co., Inc. (NYSE:GHL) had its target price reduced by Buckingham Research from $29.00 to $18.00 in a research note issued to investors on Thursday morning, BenzingaRatingsTable reports. They currently have a neutral rating on the financial services provider’s stock.

GHL has been the subject of a number of other reports. TheStreet cut shares of Weibo from a b- rating to a c+ rating in a research note on Friday, May 31st. UBS Group set a €45.00 ($52.33) price objective on shares of Fuchs Petrolub and gave the stock a buy rating in a research note on Thursday, March 21st. ValuEngine upgraded shares of Vermillion from a hold rating to a buy rating in a research note on Wednesday, May 15th. Keefe, Bruyette & Woods cut shares of Greenhill & Co., Inc. from a market perform rating to an underperform rating and reduced their price objective for the stock from $23.50 to $23.00 in a research note on Tuesday, April 30th. Finally, Zacks Investment Research cut shares of W. R. Grace & Co from a buy rating to a hold rating in a research note on Wednesday, May 1st. Four equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $22.71.

NYSE GHL opened at $14.38 on Thursday. The company has a debt-to-equity ratio of 11.46, a current ratio of 3.67 and a quick ratio of 3.67. The firm has a market capitalization of $302.83 million, a PE ratio of 18.20 and a beta of 0.85. The company has a 50 day simple moving average of $14.69. Greenhill & Co., Inc. has a 12-month low of $13.00 and a 12-month high of $33.45.

Greenhill & Co., Inc. (NYSE:GHL) last posted its earnings results on Monday, April 29th. The financial services provider reported ($0.58) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.34). The business had revenue of $51.20 million during the quarter, compared to analyst estimates 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 was down 41.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 earnings per share. On average, analysts expect that Greenhill & Co., Inc. will post 0.82 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, June 5th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Tuesday, June 4th. Greenhill & Co., Inc.’s payout ratio is 12.42%.

Several institutional investors have recently modified their holdings of GHL. Oregon Public Employees Retirement Fund acquired a new position in shares of Greenhill & Co., Inc. during the fourth quarter worth $162,000. LPL Financial LLC acquired a new position in shares of Greenhill & Co., Inc. during the fourth quarter worth $232,000. New York State Common Retirement Fund grew its stake in shares of Greenhill & Co., Inc. by 68.4% during the fourth quarter. New York State Common Retirement Fund now owns 42,448 shares of the financial services provider’s stock worth $1,036,000 after purchasing an additional 17,248 shares in the last quarter. Citigroup Inc. grew its stake in shares of Greenhill & Co., Inc. by 24.8% during the fourth quarter. Citigroup Inc. now owns 17,406 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 3,461 shares in the last quarter. Finally, Two Sigma Advisers LP acquired a new position in shares of Greenhill & Co., Inc. during the fourth quarter worth $266,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

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

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