American Century Companies Inc. Acquires 8,695 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

American Century Companies Inc. boosted its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 56.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,070 shares of the financial services provider's stock after buying an additional 8,695 shares during the period. American Century Companies Inc.'s holdings in Houlihan Lokey were worth $4,180,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Houlihan Lokey in the 4th quarter valued at about $143,559,000. Jennison Associates LLC grew its position in Houlihan Lokey by 341.0% during the fourth quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider's stock valued at $53,366,000 after purchasing an additional 237,615 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in Houlihan Lokey in the 3rd quarter valued at approximately $24,177,000. Assenagon Asset Management S.A. purchased a new stake in Houlihan Lokey in the 4th quarter worth approximately $21,613,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Houlihan Lokey by 1,823.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 95,298 shares of the financial services provider's stock valued at $16,550,000 after buying an additional 90,343 shares during the period. 78.07% of the stock is owned by hedge funds and other institutional investors.

Houlihan Lokey Price Performance

Shares of HLI stock traded down $6.03 during trading on Thursday, reaching $149.83. The company had a trading volume of 594,238 shares, compared to its average volume of 349,220. The firm's 50 day simple moving average is $165.47 and its two-hundred day simple moving average is $172.20. Houlihan Lokey, Inc. has a one year low of $122.14 and a one year high of $192.10. The company has a market capitalization of $10.51 billion, a PE ratio of 28.59 and a beta of 0.84.

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

Houlihan Lokey Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Monday, March 3rd. Houlihan Lokey's dividend payout ratio is 43.51%.

Analyst Ratings Changes

Several brokerages recently issued reports on HLI. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $192.00 price objective (up from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Morgan Stanley cut their price target on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a research note on Monday. StockNews.com cut Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Wells Fargo & Company cut their price objective on shares of Houlihan Lokey from $179.00 to $170.00 and set an "overweight" rating on the stock in a research report on Tuesday. Finally, JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $183.40.

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.