Greenhill & Co., Inc. (NYSE:GHL) to Issue Quarterly Dividend of $0.10

Greenhill & Co., Inc. (NYSE:GHLGet Rating) declared a quarterly dividend on Wednesday, April 27th, Zacks reports. Stockholders of record on Wednesday, June 1st will be paid a dividend of 0.10 per share by the financial services provider on Wednesday, June 15th. This represents a $0.40 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Tuesday, May 31st.

Greenhill & Co., Inc. has a dividend payout ratio of 10.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Greenhill & Co., Inc. to earn $2.08 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 9.6%.

Shares of GHL opened at $12.97 on Friday. The firm has a market cap of $237.13 million, a P/E ratio of 7.63 and a beta of 0.81. Greenhill & Co., Inc. has a 12-month low of $11.11 and a 12-month high of $20.32. The company’s 50-day moving average price is $15.67 and its 200 day moving average price is $17.07. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 2.55.

Greenhill & Co., Inc. (NYSE:GHLGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The financial services provider reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.86). Greenhill & Co., Inc. had a net margin of 13.32% and a return on equity of 50.54%. During the same quarter in the previous year, the business earned $0.09 earnings per share. Equities research analysts forecast that Greenhill & Co., Inc. will post 1.84 earnings per share for the current year.

In related news, CEO Scott L. Bok acquired 19,541 shares of the stock in a transaction dated Tuesday, February 8th. The stock was acquired at an average cost of $18.45 per share, with a total value of $360,531.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 28.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its position in shares of Greenhill & Co., Inc. by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 240,492 shares of the financial services provider’s stock worth $4,312,000 after buying an additional 9,992 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Greenhill & Co., Inc. by 12.7% in the third quarter. Bank of New York Mellon Corp now owns 160,697 shares of the financial services provider’s stock valued at $2,349,000 after purchasing an additional 18,141 shares in the last quarter. Invesco Ltd. boosted its holdings in Greenhill & Co., Inc. by 95.9% in the fourth quarter. Invesco Ltd. now owns 132,240 shares of the financial services provider’s stock valued at $2,371,000 after purchasing an additional 64,750 shares in the last quarter. Marshall Wace LLP boosted its holdings in Greenhill & Co., Inc. by 261.1% in the fourth quarter. Marshall Wace LLP now owns 98,075 shares of the financial services provider’s stock valued at $1,759,000 after purchasing an additional 70,913 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in Greenhill & Co., Inc. by 34.8% in the second quarter. Morgan Stanley now owns 84,760 shares of the financial services provider’s stock valued at $1,319,000 after purchasing an additional 21,870 shares in the last quarter. 86.72% of the stock is owned by institutional investors and hedge funds.

Several analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Greenhill & Co., Inc. from a “buy” rating to a “hold” rating in a report on Tuesday, April 5th. JMP Securities cut their price target on shares of Greenhill & Co., Inc. from $22.00 to $20.00 and set a “market outperform” rating on the stock in a research note on Thursday, April 7th. Piper Sandler cut their price target on shares of Greenhill & Co., Inc. from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, April 7th. StockNews.com started coverage on shares of Greenhill & Co., Inc. in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Keefe, Bruyette & Woods lowered shares of Greenhill & Co., Inc. from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $16.50 to $12.00 in a research note on Thursday. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Greenhill & Co., Inc. currently has a consensus rating of “Hold” and an average target price of $15.80.

Greenhill & Co., Inc. Company Profile (Get Rating)

Greenhill & Co, Inc, an independent investment bank, provides financial and strategic advisory services to corporations, partnerships, institutional investors, and governments worldwide. The company offers advisory services related to mergers and acquisitions, divestitures, restructurings, financings, private capital raising, and other similar transactions.

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Dividend History for Greenhill & Co., Inc. (NYSE:GHL)

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