Victory Capital Management Inc. Raises Stake in Greenhill & Co., Inc. (GHL)

Victory Capital Management Inc. lifted its stake in shares of Greenhill & Co., Inc. (NYSE:GHL) by 8.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,313 shares of the financial services provider’s stock after acquiring an additional 1,219 shares during the period. Victory Capital Management Inc. owned approximately 0.06% of Greenhill & Co. worth $328,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Texas Permanent School Fund increased its position in shares of Greenhill & Co. by 0.4% during the first quarter. Texas Permanent School Fund now owns 19,914 shares of the financial services provider’s stock worth $583,000 after acquiring an additional 78 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Greenhill & Co. by 2.8% during the first quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the financial services provider’s stock worth $328,000 after acquiring an additional 300 shares in the last quarter. Arizona State Retirement System increased its position in shares of Greenhill & Co. by 2.1% during the first quarter. Arizona State Retirement System now owns 14,342 shares of the financial services provider’s stock worth $420,000 after acquiring an additional 300 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Greenhill & Co. by 4.0% during the first quarter. BNP Paribas Arbitrage SA now owns 9,483 shares of the financial services provider’s stock worth $278,000 after acquiring an additional 363 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Greenhill & Co. by 0.9% during the first quarter. Legal & General Group Plc now owns 47,880 shares of the financial services provider’s stock worth $1,402,000 after acquiring an additional 404 shares in the last quarter. 97.12% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on GHL. Keefe, Bruyette & Woods reissued a “hold” rating and set a $21.00 price objective on shares of Greenhill & Co. in a research report on Friday, July 14th. TheStreet downgraded shares of Greenhill & Co. from a “b-” rating to a “c+” rating in a research report on Wednesday, June 21st. ValuEngine raised shares of Greenhill & Co. from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. UBS AG reissued a “sell” rating and set a $9.00 price objective (down previously from $17.00) on shares of Greenhill & Co. in a research report on Monday, August 21st. Finally, Zacks Investment Research downgraded shares of Greenhill & Co. from a “hold” rating to a “sell” rating in a research report on Monday, June 19th. Seven analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The stock currently has an average rating of “Sell” and an average target price of $20.75.

Greenhill & Co., Inc. (NYSE:GHL) opened at 14.15 on Wednesday. Greenhill & Co., Inc. has a 52-week low of $13.80 and a 52-week high of $32.45. The company has a 50-day moving average of $15.53 and a 200-day moving average of $21.77. The company has a market cap of $419.38 million, a P/E ratio of 10.82 and a beta of 1.30.

Greenhill & Co. (NYSE:GHL) last released its earnings results on Thursday, July 27th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.10). Greenhill & Co. had a net margin of 13.98% and a return on equity of 15.68%. The company had revenue of $67.27 million for the quarter, compared to analyst estimates of $72.25 million. During the same quarter in the previous year, the firm earned $0.62 EPS. The firm’s revenue was down 25.7% on a year-over-year basis. On average, equities research analysts expect that Greenhill & Co., Inc. will post $0.44 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 13th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, September 12th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.72%. Greenhill & Co.’s payout ratio is presently 135.34%.

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Greenhill & Co. 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.

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

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