TIAA CREF Investment Management LLC Has $1.54 Million Holdings in Greenhill & Co., Inc. (GHL)

TIAA CREF Investment Management LLC lessened its stake in Greenhill & Co., Inc. (NYSE:GHL) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,380 shares of the financial services provider’s stock after selling 2,257 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.26% of Greenhill & Co. worth $1,535,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Oppenheimer Asset Management Inc. raised its stake in shares of Greenhill & Co. by 1.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 9,499 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 102 shares in the last quarter. Texas Permanent School Fund raised its stake in shares of Greenhill & Co. by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 20,083 shares of the financial services provider’s stock valued at $404,000 after purchasing an additional 169 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Greenhill & Co. by 0.9% in the 1st quarter. Legal & General Group Plc now owns 47,880 shares of the financial services provider’s stock valued at $1,402,000 after purchasing an additional 404 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Greenhill & Co. by 8.1% in the 2nd quarter. Victory Capital Management Inc. now owns 16,313 shares of the financial services provider’s stock valued at $328,000 after purchasing an additional 1,219 shares in the last quarter. Finally, Credit Suisse AG raised its stake in shares of Greenhill & Co. by 5.5% in the 1st quarter. Credit Suisse AG now owns 35,361 shares of the financial services provider’s stock valued at $1,036,000 after purchasing an additional 1,838 shares in the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

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GHL has been the topic of a number of recent analyst reports. ValuEngine lowered shares of Greenhill & Co. from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 14th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $21.00 target price on shares of Greenhill & Co. in a research note on Friday, July 14th. UBS AG restated a “sell” rating and issued a $9.00 target price (down previously from $17.00) on shares of Greenhill & Co. in a research note on Monday, August 21st. Buckingham Research upped their target price on shares of Greenhill & Co. from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Tuesday, September 26th. Finally, Nomura cut their target price on shares of Greenhill & Co. from $16.00 to $14.00 and set a “reduce” rating on the stock in a research note on Tuesday, September 26th. Six investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Greenhill & Co. has an average rating of “Sell” and a consensus price target of $16.67.

Shares of Greenhill & Co., Inc. (NYSE:GHL) opened at $17.65 on Monday. The firm has a market cap of $523.12, a PE ratio of 22.06 and a beta of 1.27. Greenhill & Co., Inc. has a 12 month low of $13.80 and a 12 month high of $32.45. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.28 and a current ratio of 3.28.

Greenhill & Co. (NYSE:GHL) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.25). The business had revenue of $48.09 million for the quarter, compared to analyst estimates of $38.33 million. Greenhill & Co. had a return on equity of 8.96% and a net margin of 8.49%. Greenhill & Co.’s revenue was down 37.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS. analysts expect that Greenhill & Co., Inc. will post 0.05 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.20 annualized dividend and a yield of 1.13%. Greenhill & Co.’s dividend payout ratio (DPR) is 243.24%.

Greenhill & Co. announced that its board has authorized a stock repurchase program on Monday, September 25th that allows the company to buyback $235.00 million in outstanding shares. This buyback authorization allows the financial services provider to buy up to 55.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

About Greenhill & Co.

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.

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

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