Clearbridge Investments LLC Cuts Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

Clearbridge Investments LLC decreased its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 24.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 635,360 shares of the financial services provider's stock after selling 205,022 shares during the period. Clearbridge Investments LLC owned about 0.91% of Houlihan Lokey worth $110,337,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

HLI has been the topic of a number of recent research reports. Morgan Stanley upgraded shares of 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. Wells Fargo & Company raised shares of Houlihan Lokey from an "underweight" rating to an "overweight" rating and reduced their price objective for the company from $180.00 to $179.00 in a research note on Tuesday, March 11th. JPMorgan Chase & Co. lowered their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $192.00 price target (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, JMP Securities restated a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Four investment 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 has an average rating of "Hold" and an average target price of $192.00.

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Houlihan Lokey Price Performance

NYSE:HLI traded down $6.91 during trading hours on Friday, reaching $146.40. 779,749 shares of the company were exchanged, compared to its average volume of 343,969. The firm has a market cap of $10.27 billion, a price-to-earnings ratio of 27.94 and a beta of 0.83. The stock has a 50 day simple moving average of $169.45 and a 200 day simple moving average of $172.76. Houlihan Lokey, Inc. has a 52-week low of $122.14 and a 52-week high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released 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%. On average, analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal 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 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 1.56%. Houlihan Lokey's dividend payout ratio (DPR) 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.