Report
Michael Wong
EUR 147.86 For Business Accounts Only

Greenhill’s Management Is Confident of the Near Term, but We’re More Cautious

Greenhill’s management is showing quite a bit of optimism for the company’s short-term outlook, but we believe that there are many other stocks in the financial sector with better risk-adjusted return profiles. Greenhill reported net income of $13.1 million, or $0.41 per diluted share, on $76.6 million of revenue in the third quarter. Quarterly revenue increased 51% from a year ago, and the first three quarters of 2016 have revenue 26% higher than the comparable 2015 period. Year-to-date operati...
Underlying
Greenhill & Co. Inc.

Greenhill & Co is an investment bank that provides financial advice on domestic and cross-border mergers and acquisitions, divestitures, restructurings, financings, capital raising and other transactions to corporations, partnerships, institutions and governments. The company serves as an advisor to its clients throughout the world on a collaborative integrated basis from its offices located in the U.S., Australia, Brazil, Canada, Germany, Hong Kong, Japan, Spain, Sweden, and the U.K. The company provides corporate advisory services related to mergers and acquisitions and financings and restructurings and capital advisory services related to sales or capital raises pertaining to alternative assets.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Wong

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