Fmr LLC Has $17,408,000 Holding in Greenhill & Co., Inc. (GHL)

Fmr LLC Has $17,408,000 Holding in Greenhill & Co., Inc. (GHL)

Fmr LLC lowered its position in shares of Greenhill & Co., Inc. (NYSE:GHL) by 17.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 628,445 shares of the company’s stock after selling 133,855 shares during the period. Fmr LLC’s holdings in Greenhill & Co. were worth $17,408,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. First Manhattan Co. increased its stake in Greenhill & Co. by 1,433.7% in the third quarter. First Manhattan Co. now owns 4,279 shares of the company’s stock worth $100,000 after buying an additional 4,000 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Greenhill & Co. by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,160 shares of the company’s stock worth $145,000 after buying an additional 100 shares during the last quarter. Airain ltd bought a new stake in Greenhill & Co. during the third quarter worth $236,000. People s United Financial Inc. increased its stake in Greenhill & Co. by 1.2% in the third quarter. People s United Financial Inc. now owns 10,612 shares of the company’s stock worth $250,000 after buying an additional 124 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in Greenhill & Co. during the third quarter worth $262,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Shares of Greenhill & Co., Inc. (NYSE:GHL) opened at 29.30 on Friday. The company has a market capitalization of $866.52 million, a P/E ratio of 15.50 and a beta of 1.32. Greenhill & Co., Inc. has a 12 month low of $15.62 and a 12 month high of $32.45. The company’s 50 day moving average price is $29.64 and its 200 day moving average price is $27.00.

Greenhill & Co. (NYSE:GHL) last released its earnings results on Thursday, January 26th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.10. Greenhill & Co. had a return on equity of 21.89% and a net margin of 18.11%. The company earned $101.60 million during the quarter, compared to analyst estimates of $98.38 million. During the same quarter in the previous year, the company posted $0.25 EPS. Greenhill & Co.’s revenue for the quarter was up 34.2% on a year-over-year basis. Analysts expect that Greenhill & Co., Inc. will post $1.67 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 22nd. Stockholders of record on Wednesday, March 8th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date was Monday, March 6th. Greenhill & Co.’s dividend payout ratio (DPR) is presently 94.24%.

A number of analysts have recently weighed in on the company. Zacks Investment Research downgraded Greenhill & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, March 28th. Instinet downgraded Greenhill & Co. from a “neutral” rating to a “reduce” rating and set a $22.00 target price for the company. in a research report on Friday, January 6th. Bank of America Corp assumed coverage on Greenhill & Co. in a research report on Wednesday, December 14th. They set an “underperform” rating and a $23.00 target price for the company. Goldman Sachs Group Inc downgraded Greenhill & Co. from a “neutral” rating to a “sell” rating and set a $25.00 target price for the company. in a research report on Tuesday, January 10th. Finally, Nomura downgraded Greenhill & Co. from a “neutral” rating to a “reduce” rating in a research report on Thursday, January 5th. Five analysts have rated the stock with a sell rating and one has issued a hold rating to the company. Greenhill & Co. currently has an average rating of “Sell” and a consensus target price of $24.17.

In other news, President David Wyles sold 52,952 shares of the business’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $29.46, for a total value of $1,559,965.92. Following the completion of the sale, the president now owns 29,087 shares of the company’s stock, valued at approximately $856,903.02. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 8.00% of the company’s stock.

Greenhill & Co. Company Profile

Greenhill & Co, Inc is an investment bank. The Company provides financial and advisory services 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.

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