CANADA LIFE ASSURANCE Co Raises Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

CANADA LIFE ASSURANCE Co grew its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,385 shares of the financial services provider's stock after buying an additional 3,621 shares during the period. CANADA LIFE ASSURANCE Co owned 0.07% of Houlihan Lokey worth $7,874,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in HLI. NewEdge Advisors LLC grew its position in Houlihan Lokey by 6.0% in the fourth quarter. NewEdge Advisors LLC now owns 26,312 shares of the financial services provider's stock worth $4,569,000 after acquiring an additional 1,480 shares during the period. Jump Financial LLC purchased a new position in shares of Houlihan Lokey during the 4th quarter worth $1,063,000. Guggenheim Capital LLC acquired a new stake in shares of Houlihan Lokey during the 4th quarter worth about $594,000. Mariner LLC raised its holdings in Houlihan Lokey by 0.7% in the 4th quarter. Mariner LLC now owns 12,220 shares of the financial services provider's stock valued at $2,122,000 after buying an additional 81 shares during the period. Finally, Barclays PLC lifted its position in Houlihan Lokey by 58.7% in the fourth quarter. Barclays PLC now owns 58,422 shares of the financial services provider's stock valued at $10,145,000 after buying an additional 21,601 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

Houlihan Lokey Trading Up 3.3 %

NYSE:HLI opened at $155.09 on Wednesday. The stock has a fifty day moving average price of $160.92 and a 200 day moving average price of $171.86. Houlihan Lokey, Inc. has a 12-month low of $123.53 and a 12-month high of $192.10. The firm has a market cap of $10.88 billion, a PE ratio of 29.60 and a beta of 0.84.

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

Houlihan Lokey Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were issued 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 1.47%. Houlihan Lokey's payout ratio is 43.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reissued 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. StockNews.com cut Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Morgan Stanley dropped their price objective on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. UBS Group increased their target price on Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. dropped their target price 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. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Houlihan Lokey has an average rating of "Hold" and an average price target of $183.40.

Houlihan Lokey 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.

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