Alliancebernstein L.P. Sells 34,236 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Alliancebernstein L.P. decreased its position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 6.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 533,340 shares of the financial services provider's stock after selling 34,236 shares during the period. Alliancebernstein L.P. owned approximately 0.77% of Houlihan Lokey worth $92,620,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HLI. Raymond James Financial Inc. acquired a new stake in shares of Houlihan Lokey in the fourth quarter valued at approximately $143,559,000. Norges Bank bought a new position in Houlihan Lokey during the 4th quarter worth $114,047,000. Prudential Financial Inc. raised its holdings in Houlihan Lokey by 731.6% in the 4th quarter. Prudential Financial Inc. now owns 347,469 shares of the financial services provider's stock valued at $60,341,000 after acquiring an additional 305,685 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Houlihan Lokey by 341.0% during the 4th quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider's stock valued at $53,366,000 after acquiring an additional 237,615 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Houlihan Lokey during the 3rd quarter worth $24,177,000. Institutional investors own 78.07% of the company's stock.

Houlihan Lokey Stock Performance

Shares of NYSE:HLI traded up $3.37 during mid-day trading on Tuesday, reaching $147.51. 111,669 shares of the company's stock were exchanged, compared to its average volume of 427,604. The firm has a market capitalization of $10.35 billion, a price-to-earnings ratio of 28.15 and a beta of 0.84. Houlihan Lokey, Inc. has a twelve month low of $122.14 and a twelve month high of $192.10. The business's fifty day moving average price is $168.71 and its 200-day moving average price is $172.78.

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Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. Analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Monday, March 3rd. Houlihan Lokey's payout ratio is 43.51%.

Analyst Upgrades and Downgrades

HLI has been the subject of several recent analyst reports. Wells Fargo & Company raised shares of Houlihan Lokey from an "underweight" rating to an "overweight" rating and cut their price objective for the stock from $180.00 to $179.00 in a research report on Tuesday, March 11th. Morgan Stanley reduced their price target on shares of Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating on the stock in a research report on Monday. JMP Securities restated a "market perform" rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. StockNews.com cut Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, UBS Group lifted their price target on Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Houlihan Lokey presently has an average rating of "Hold" and an average price target of $185.20.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.