KBC Group NV lessened its stake in Greenhill & Co., Inc. (NYSE:GHL) by 71.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,972 shares of the financial services provider’s stock after selling 30,099 shares during the quarter. KBC Group NV’s holdings in Greenhill & Co., Inc. were worth $199,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Greenhill & Co., Inc. by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,230,805 shares of the financial services provider’s stock valued at $24,739,000 after acquiring an additional 69,460 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Greenhill & Co., Inc. by 27.3% during the second quarter. Renaissance Technologies LLC now owns 1,047,000 shares of the financial services provider’s stock valued at $21,045,000 after acquiring an additional 224,400 shares during the last quarter. FMR LLC increased its position in shares of Greenhill & Co., Inc. by 45.5% during the second quarter. FMR LLC now owns 1,046,084 shares of the financial services provider’s stock valued at $21,026,000 after acquiring an additional 327,039 shares during the last quarter. Royce & Associates LP purchased a new stake in shares of Greenhill & Co., Inc. during the second quarter valued at approximately $19,952,000. Finally, State Street Corp increased its position in shares of Greenhill & Co., Inc. by 8.4% during the second quarter. State Street Corp now owns 819,258 shares of the financial services provider’s stock valued at $16,463,000 after acquiring an additional 63,147 shares during the last quarter. Institutional investors own 96.88% of the company’s stock.

Shares of Greenhill & Co., Inc. (NYSE GHL) opened at $18.50 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.83 and a quick ratio of 3.83. Greenhill & Co., Inc. has a 52-week low of $13.80 and a 52-week high of $32.45. The stock has a market capitalization of $487.18, a price-to-earnings ratio of 23.19 and a beta of 1.31.

Greenhill & Co., Inc. (NYSE:GHL) last released its earnings results on Wednesday, October 18th. The financial services provider reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.25). Greenhill & Co., Inc. had a return on equity of 8.88% and a net margin of 8.49%. The firm had revenue of $48.09 million during the quarter, compared to analysts’ expectations of $38.33 million. During the same period in the prior year, the business earned $0.41 earnings per share. The business’s quarterly revenue was down 37.2% compared to the same quarter last year. equities analysts predict that Greenhill & Co., Inc. will post 0.05 EPS for the current fiscal year.

Greenhill & Co., Inc. announced that its board has initiated a share buyback program on Monday, September 25th that permits the company to repurchase $235.00 million in shares. This repurchase authorization permits the financial services provider to purchase up to 55.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Tuesday, December 5th. Greenhill & Co., Inc.’s dividend payout ratio is currently 27.03%.

GHL has been the subject of a number of research analyst reports. ValuEngine downgraded Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $17.00 price target on shares of Greenhill & Co., Inc. in a research report on Thursday, October 19th. Sandler O’Neill downgraded Greenhill & Co., Inc. from a “buy” rating to a “hold” rating and decreased their price target for the company from $25.00 to $18.00 in a research report on Tuesday, October 10th. Zacks Investment Research raised Greenhill & Co., Inc. from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Finally, Buckingham Research increased their price target on Greenhill & Co., Inc. from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Tuesday, September 26th. Five analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.88.

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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.

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

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