Amundi Buys 12,451 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Amundi increased its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 9,223.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,586 shares of the financial services provider's stock after acquiring an additional 12,451 shares during the quarter. Amundi's holdings in Houlihan Lokey were worth $2,182,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Bank Julius Baer & Co. Ltd Zurich grew its position in Houlihan Lokey by 14.9% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 100,515 shares of the financial services provider's stock worth $17,597,000 after buying an additional 13,022 shares in the last quarter. Edgestream Partners L.P. lifted its position in shares of Houlihan Lokey by 289.7% during the 4th quarter. Edgestream Partners L.P. now owns 34,139 shares of the financial services provider's stock valued at $5,929,000 after acquiring an additional 25,378 shares during the period. Callan Family Office LLC acquired a new stake in shares of Houlihan Lokey during the 4th quarter worth $245,000. Raymond James Financial Inc. bought a new position in Houlihan Lokey in the 4th quarter valued at about $143,559,000. Finally, Arizona State Retirement System increased its stake in Houlihan Lokey by 2.4% in the fourth quarter. Arizona State Retirement System now owns 15,483 shares of the financial services provider's stock valued at $2,689,000 after acquiring an additional 358 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

Houlihan Lokey Trading Up 0.3 %

NYSE:HLI traded up $0.47 on Friday, reaching $162.74. 706,922 shares of the stock traded hands, compared to its average volume of 327,744. The firm has a market capitalization of $11.42 billion, a price-to-earnings ratio of 31.06 and a beta of 0.72. Houlihan Lokey, Inc. has a 1-year low of $122.14 and a 1-year high of $192.10. The company's 50 day moving average is $173.22 and its 200-day moving average is $172.01.

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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 EPS for the quarter, beating 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%. On average, equities research analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were paid a $0.57 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.40%. Houlihan Lokey's dividend payout ratio is currently 43.51%.

Wall Street Analyst Weigh In

HLI has been the topic of a number of research analyst reports. Morgan Stanley raised Houlihan Lokey from an "underweight" rating to an "overweight" rating and reduced their target price for the company from $201.00 to $190.00 in a report on Thursday, March 13th. StockNews.com lowered Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Wells Fargo & Company raised Houlihan Lokey from an "underweight" rating to an "overweight" rating and lowered their target price for the stock from $180.00 to $179.00 in a research note on Tuesday, March 11th. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, UBS Group lifted their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $192.00.

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.