Report
Michael Wong
EUR 147.86 For Business Accounts Only

Potential Favorable Tax Policy Offsets Fundamental Uncertainties in M&A Volume for Greenhill

Greenhill’s 2016 ended up being pretty decent, as the company’s strong fourth quarter offset a relatively weak first quarter. For the year, the company reported net income of $60.8 million, or $1.89 per diluted share, on $335.5 million of revenue. The $101.6 million of revenue in the fourth quarter was 34% higher than the previous year and 52% higher than the first quarter. While many were skeptical of management’s upbeat outlook, including us to a certain extent, the company realized some subst...
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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