The United Services Automobile Association Has $3,298,000 Stake in Greenhill & Co., Inc. (GHL), Report finds

The United Services Automobile Association Has $3,298,000 Stake in Greenhill & Co., Inc. (GHL), Report finds

Other hedge funds have also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan increased its position in shares of 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 valued at $145,000 after buying an additional 100 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Greenhill & Co. by 0.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 19,496 shares of the company’s stock valued at $314,000 after buying an additional 109 shares during the last quarter. Bbva Compass Bancshares Inc. increased its position in shares of Greenhill & Co. by 0.4% in the third quarter. Bbva Compass Bancshares Inc. now owns 27,489 shares of the company’s stock valued at $648,000 after buying an additional 120 shares during the last quarter. People s United Financial Inc. increased its position in shares of Greenhill & Co. by 1.2% in the third quarter. People s United Financial Inc. now owns 10,612 shares of the company’s stock valued at $250,000 after buying an additional 124 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Greenhill & Co. by 0.8% in the second quarter. Prudential Financial Inc. now owns 67,051 shares of the company’s stock valued at $1,080,000 after buying an additional 520 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

United Services Automobile Association lowered its stake in Greenhill & Co., Inc. (NYSE:GHL) by 1.9% during the third quarter, Holdings Channel reports. The institutional investor owned 139,922 shares of the company’s stock after selling 2,708 shares during the period. United Services Automobile Association owned 0.48% of Greenhill & Co. worth $3,298,000 at the end of the most recent reporting period.

Shares of Greenhill & Co., Inc. (NYSE:GHL) traded up 0.50% during trading on Thursday, reaching $29.95. 536,526 shares of the company were exchanged. The stock has a 50-day moving average price of $28.39 and a 200-day moving average price of $24.89. Greenhill & Co., Inc. has a one year low of $15.62 and a one year high of $32.45. The stock has a market capitalization of $875.86 million, a PE ratio of 15.85 and a beta of 1.32.

Greenhill & Co. (NYSE:GHL) last released its quarterly earnings results on Thursday, January 26th. The company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.10. Greenhill & Co. had a net margin of 18.11% and a return on equity of 21.89%. The business earned $101.60 million during the quarter, compared to analysts’ expectations of $98.38 million. During the same quarter in the previous year, the company earned $0.25 EPS. The business’s quarterly revenue was up 34.2% compared to the same quarter last year. Analysts forecast that Greenhill & Co., Inc. will post $1.67 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 22nd. Shareholders of record on Wednesday, March 8th will be paid a $0.45 dividend. The ex-dividend date is Monday, March 6th. This represents a $1.80 dividend on an annualized basis and a yield of 6.01%. Greenhill & Co.’s dividend payout ratio is presently 94.24%.

GHL has been the subject of several research reports. Credit Suisse Group reissued an “underperform” rating and issued a $15.00 price objective on shares of Greenhill & Co. in a research note on Sunday, November 20th. Nomura downgraded shares of Greenhill & Co. from a “neutral” rating to a “reduce” rating in a research note on Thursday, January 5th. Bank of America Corporation started coverage on shares of Greenhill & Co. in a research note on Wednesday, December 14th. They set an “underperform” rating and a $23.00 price target for the company. Zacks Investment Research downgraded shares of Greenhill & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, December 27th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Greenhill & Co. from a “neutral” rating to a “sell” rating and set a $25.00 price target for the company. in a research note on Tuesday, January 10th. Five investment analysts have rated the stock with a sell rating and one has given a hold rating to the stock. Greenhill & Co. has an average rating of “Sell” and a consensus price target of $22.83.

In other Greenhill & Co. news, President David Wyles sold 52,952 shares of the business’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $29.46, for a total value of $1,559,965.92. Following the completion of the transaction, 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 through this link. 8.00% of the stock is owned by insiders.

About Greenhill & Co.

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.

Want to see what other hedge funds are holding GHL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Greenhill & Co., Inc. (NYSE:GHL).

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