California Public Employees Retirement System Trims Stake in Houlihan Lokey, Inc. (NYSE:HLI)

California Public Employees Retirement System trimmed its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,519 shares of the financial services provider's stock after selling 1,788 shares during the quarter. California Public Employees Retirement System owned approximately 0.13% of Houlihan Lokey worth $16,067,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have 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 worth about $29,000. Financial Life Planners purchased a new stake in shares of Houlihan Lokey during the fourth quarter worth approximately $33,000. Golden State Wealth Management LLC purchased a new stake in shares of Houlihan Lokey during the fourth quarter worth approximately $53,000. VisionPoint Advisory Group LLC acquired a new position in Houlihan Lokey in the 4th quarter valued at $62,000. Finally, Quarry LP purchased a new position in Houlihan Lokey in the 3rd quarter valued at $76,000. Hedge funds and other institutional investors own 78.07% of the company's stock.

Houlihan Lokey Stock Performance

Shares of NYSE HLI traded up $14.75 during midday trading on Wednesday, reaching $156.34. 754,627 shares of the stock were exchanged, compared to its average volume of 348,277. Houlihan Lokey, Inc. has a twelve month low of $122.14 and a twelve month high of $192.10. The stock has a market capitalization of $10.97 billion, a P/E ratio of 29.84 and a beta of 0.84. The company has a 50 day simple moving average of $166.09 and a 200 day simple moving average of $172.28.

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Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its 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, research analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The company 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 of this dividend was Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.46%. Houlihan Lokey's payout ratio is presently 43.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HLI shares. StockNews.com lowered shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Morgan Stanley dropped their price objective on shares of Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a research note on Monday. UBS Group raised their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. Finally, JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price 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.