Greenhill & Co., Inc. (NYSE: GHL), a leading independent investment bank, announced that Rodrigo Mello will join the Firm in São Paulo as a Managing Director.
Mr. Mello has more than 16 years of transaction experience, most recently as a Managing Director at Goldman Sachs, where he worked for 13 years. At Goldman Sachs, he was responsible for the investment banking coverage of financial institutions and consumer & retail clients, and during his career worked on complex mergers and acquisitions for clients across a variety of industry sectors, including financial services, consumer products, retail, media, industrials, telecom and natural resources. Greenhill & Co., Inc. (NYSE:GHL) stock opened at $49.37 in last session, and closed at $52.98, while the day range of GHL stock is $49.37-$53.24.The stock showed a positive weekly performance of 6.88%.
Noah Holdings (NYSE:NOAH) has been upgraded by The Street Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, compelling growth in net income, impressive record of earnings per share growth and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Noah Holdings Limited (ADR) (NYSE:NOAH) stock opened at $14.91, in last session and closed at $15.36, by gained 5.71%.The 52 week range was $6.41-$25.51.Company’s market capitalization is $868.75 million.
Ladenburg Thalmann Financial Services Inc. LTS +5.31% agreed to acquire Ameriprise Financial Inc.’s AMP +0.84% Securities America Financial Corp. broker-dealer unit for $150 million in cash, in an effort to increase its market share in the independent advisory space.The deal, expected to close by the end of the year, will be financed by an affiliate of Phillip Frost, Ladenburg’s principal shareholder and chairman. Financial-services provider Ameriprise may also receive future payments if the independent broker-dealer reaches certain financial criteria. Ladenburg Thalmann Financial Services (NYSEMKT: LTS) stock gained 5.31% and finished the last session at $2.58.The EPS of the stock remained -0.05.Company’s market capitalization is $468.10 million.
United Fire Group (NASDAQ:UFCS) saw unusually-strong trading volume on Tuesday after the company announced better than expected quarterly earnings,AnalystRatingsNetwork.com reports.Approximately 132,312 shares traded hands during trading, an increase of 91% from the previous session’s volume of 69,132 shares. The stock last traded at $31.73 and had previously closed at $27.37. United Fire Group, Inc. (NASDAQ:UFCS) stock opened the session at $30.00, and closed the session at $31.51.The 52 week range of the UFCS stock remained $23.69-$34.21 and the day range was $30.00-$31.92.