State Street Corp boosted its position in shares of Greenhill & Co., Inc. (NYSE:GHL) by 8.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 756,111 shares of the financial services provider’s stock after buying an additional 60,017 shares during the period. State Street Corp’s holdings in Greenhill & Co. were worth $22,163,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the stock. Bank of Montreal Can raised its stake in shares of Greenhill & Co. by 1,704.0% in the first quarter. Bank of Montreal Can now owns 25,870 shares of the financial services provider’s stock worth $758,000 after buying an additional 24,436 shares in the last quarter. Norges Bank purchased a new stake in shares of Greenhill & Co. during the fourth quarter worth about $4,867,000. State of Alaska Department of Revenue raised its stake in shares of Greenhill & Co. by 76.8% in the first quarter. State of Alaska Department of Revenue now owns 5,270 shares of the financial services provider’s stock worth $154,000 after buying an additional 2,290 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of Greenhill & Co. by 131.5% in the fourth quarter. Guggenheim Capital LLC now owns 20,353 shares of the financial services provider’s stock worth $564,000 after buying an additional 11,561 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of Greenhill & Co. by 81,935.7% in the first quarter. BlackRock Inc. now owns 4,075,535 shares of the financial services provider’s stock worth $119,413,000 after buying an additional 4,070,567 shares in the last quarter. 94.42% of the stock is currently owned by institutional investors and hedge funds.

Greenhill & Co., Inc. (NYSE GHL) traded down 1.3825% during mid-day trading on Friday, reaching $16.3705. The company had a trading volume of 133,906 shares. Greenhill & Co., Inc. has a 12-month low of $16.30 and a 12-month high of $32.45. The stock has a 50-day moving average of $19.27 and a 200 day moving average of $24.69. The company has a market capitalization of $484.19 million, a price-to-earnings ratio of 12.5157 and a beta of 1.29.

Greenhill & Co. (NYSE:GHL) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.10. Greenhill & Co. had a net margin of 13.98% and a return on equity of 15.64%. The firm had revenue of $67.27 million for the quarter, compared to the consensus estimate of $72.25 million. During the same period last year, the company posted $0.62 earnings per share. Greenhill & Co.’s revenue for the quarter was down 25.7% on a year-over-year basis. On average, analysts expect that Greenhill & Co., Inc. will post $0.55 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 10.84%. The ex-dividend date is Tuesday, September 12th. Greenhill & Co.’s dividend payout ratio (DPR) is 135.34%.

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Several research analysts have weighed in on GHL shares. Zacks Investment Research lowered Greenhill & Co. from a “hold” rating to a “sell” rating in a research report on Monday, June 19th. Nomura reaffirmed a “sell” rating and set a $21.00 price target on shares of Greenhill & Co. in a research report on Monday, May 1st. ValuEngine raised Greenhill & Co. from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods started coverage on Greenhill & Co. in a research report on Friday, June 2nd. They set a “market perform” rating on the stock. Finally, TheStreet lowered Greenhill & Co. from a “b-” rating to a “c+” rating in a research report on Wednesday, June 21st. Seven research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. Greenhill & Co. presently has an average rating of “Sell” and an average price target of $22.00.

About Greenhill & Co.

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.

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

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