Charles Schwab Investment Management Inc. Buys 1,931 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Charles Schwab Investment Management Inc. raised its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 602,956 shares of the financial services provider's stock after acquiring an additional 1,931 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.87% of Houlihan Lokey worth $104,709,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HLI. Private Trust Co. NA acquired a new position in shares of Houlihan Lokey in the fourth quarter valued at about $29,000. Financial Life Planners bought a new stake in Houlihan Lokey in the 4th quarter valued at about $33,000. Golden State Wealth Management LLC acquired a new position in shares of Houlihan Lokey during the 4th quarter worth approximately $53,000. VisionPoint Advisory Group LLC bought a new position in shares of Houlihan Lokey during the fourth quarter worth approximately $62,000. Finally, First Horizon Advisors Inc. raised its position in shares of Houlihan Lokey by 81.5% in the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider's stock valued at $70,000 after buying an additional 198 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HLI shares. JPMorgan Chase & Co. reduced their price target on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. StockNews.com cut Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. UBS Group upped their price objective 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. Wells Fargo & Company upgraded shares of Houlihan Lokey from an "underweight" rating to an "overweight" rating and dropped their target price for the company from $180.00 to $179.00 in a research report on Tuesday. Finally, Morgan Stanley raised shares of Houlihan Lokey from an "underweight" rating to an "overweight" rating and cut their price target for the stock from $201.00 to $190.00 in a report on Thursday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Houlihan Lokey presently has an average rating of "Hold" and a consensus target price of $192.00.

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Houlihan Lokey Trading Down 0.6 %

Houlihan Lokey stock traded down $0.99 during midday trading on Thursday, reaching $155.78. The company's stock had a trading volume of 301,179 shares, compared to its average volume of 408,924. The stock has a market cap of $10.93 billion, a PE ratio of 29.73 and a beta of 0.72. Houlihan Lokey, Inc. has a 52 week low of $121.81 and a 52 week high of $192.10. The business has a 50-day moving average price of $174.61 and a 200-day moving average price of $171.88.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey's payout ratio is 43.51%.

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.