Bank Julius Baer & Co. Ltd Zurich grew its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 14.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,515 shares of the financial services provider's stock after buying an additional 13,022 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.14% of Houlihan Lokey worth $17,597,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Private Trust Co. NA acquired a new stake in Houlihan Lokey in the 4th quarter valued at approximately $29,000. Financial Life Planners acquired a new stake in shares of Houlihan Lokey in the fourth quarter worth $33,000. Golden State Wealth Management LLC bought a new position in Houlihan Lokey during the fourth quarter worth $53,000. VisionPoint Advisory Group LLC bought a new stake in Houlihan Lokey in the 4th quarter valued at $62,000. Finally, First Horizon Advisors Inc. grew its position in Houlihan Lokey by 81.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider's stock worth $70,000 after purchasing an additional 198 shares during the last quarter. Institutional investors own 78.07% of the company's stock.
Houlihan Lokey Stock Performance
HLI traded down $0.62 during midday trading on Wednesday, hitting $156.70. The company had a trading volume of 339,844 shares, compared to its average volume of 412,284. Houlihan Lokey, Inc. has a twelve month low of $121.81 and a twelve month high of $192.10. The firm's 50-day simple moving average is $174.95 and its 200-day simple moving average is $171.99. The company has a market capitalization of $10.99 billion, a PE ratio of 29.90 and a beta of 0.72.
Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. As a group, sell-side analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.
Houlihan Lokey Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.46%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey's dividend payout ratio is 43.51%.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Wells Fargo & Company upgraded Houlihan Lokey from an "underweight" rating to an "overweight" rating and lowered their price target for the company from $180.00 to $179.00 in a research report on Tuesday. StockNews.com cut Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Houlihan Lokey has an average rating of "Hold" and an average target price of $194.20.
View Our Latest Research Report on Houlihan Lokey
About Houlihan Lokey
(
Free Report)
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.
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