Greenhill & Co., Inc. (GHL) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its stake in Greenhill & Co., Inc. (NYSE:GHL) by 8.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 44,662 shares of the financial services provider’s stock after selling 3,877 shares during the quarter. Legal & General Group Plc’s holdings in Greenhill & Co., Inc. were worth $1,085,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GHL. Quantamental Technologies LLC purchased a new position in shares of Greenhill & Co., Inc. in the fourth quarter worth $106,000. Tower Research Capital LLC TRC purchased a new stake in Greenhill & Co., Inc. during the third quarter valued at $115,000. Municipal Employees Retirement System of Michigan purchased a new stake in Greenhill & Co., Inc. during the fourth quarter valued at $123,000. Metropolitan Life Insurance Co. NY raised its stake in Greenhill & Co., Inc. by 248.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,373 shares of the financial services provider’s stock valued at $156,000 after purchasing an additional 4,544 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund purchased a new stake in Greenhill & Co., Inc. during the fourth quarter valued at $162,000. 87.01% of the stock is currently owned by hedge funds and other institutional investors.

In other news, President David Wyles sold 33,369 shares of the stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $25.08, for a total value of $836,894.52. Following the sale, the president now owns 9,971 shares of the company’s stock, valued at $250,072.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 20.80% of the stock is owned by corporate insiders.

A number of research firms recently issued reports on GHL. Zacks Investment Research raised shares of Greenhill & Co., Inc. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. UBS Group raised shares of Greenhill & Co., Inc. from a “sell” rating to a “neutral” rating and upped their price target for the company from $15.00 to $22.00 in a research note on Thursday, March 21st. ValuEngine downgraded shares of Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Sandler O’Neill downgraded shares of Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a research note on Thursday, January 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “mkt perform” rating and set a $26.00 price target on shares of Greenhill & Co., Inc. in a research note on Friday, January 4th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $24.00.

Greenhill & Co., Inc. stock opened at $24.14 on Wednesday. The firm has a market cap of $495.11 million, a P/E ratio of 14.99 and a beta of 0.76. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 5.42. Greenhill & Co., Inc. has a 52-week low of $19.45 and a 52-week high of $33.45.

Greenhill & Co., Inc. (NYSE:GHL) last released its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.22). The business had revenue of $89.10 million for the quarter, compared to analysts’ expectations of $91.55 million. Greenhill & Co., Inc. had a net margin of 11.14% and a return on equity of 45.03%. Greenhill & Co., Inc.’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.85) EPS. On average, equities research analysts predict that Greenhill & Co., Inc. will post 1.08 earnings per share for the current fiscal year.

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

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