Corebridge Financial Inc. Decreases Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Corebridge Financial Inc. cut its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,682 shares of the financial services provider's stock after selling 2,186 shares during the period. Corebridge Financial Inc. owned approximately 0.09% of Houlihan Lokey worth $10,538,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Quest Partners LLC bought a new stake in Houlihan Lokey in the third quarter valued at approximately $92,000. Charles Schwab Investment Management Inc. increased its stake in shares of Houlihan Lokey by 33.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider's stock worth $94,974,000 after buying an additional 149,114 shares during the period. Dynamic Technology Lab Private Ltd raised its holdings in Houlihan Lokey by 78.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 6,643 shares of the financial services provider's stock valued at $1,050,000 after buying an additional 2,924 shares during the last quarter. Townsquare Capital LLC boosted its position in Houlihan Lokey by 6.6% during the 3rd quarter. Townsquare Capital LLC now owns 25,654 shares of the financial services provider's stock valued at $4,054,000 after buying an additional 1,598 shares during the period. Finally, Bridgewater Associates LP grew its holdings in Houlihan Lokey by 4.1% in the 3rd quarter. Bridgewater Associates LP now owns 6,749 shares of the financial services provider's stock worth $1,066,000 after acquiring an additional 267 shares during the last quarter. 78.07% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

HLI has been the subject of several recent analyst reports. Wells Fargo & Company raised shares of Houlihan Lokey from an "underweight" rating to an "overweight" rating and lowered their price objective for the company from $180.00 to $179.00 in a research note on Tuesday, March 11th. UBS Group upped their price target on Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Morgan Stanley raised 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 research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. decreased their price target 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Houlihan Lokey presently has a consensus rating of "Hold" and a consensus target price of $192.00.

Houlihan Lokey Trading Up 0.1 %

NYSE:HLI traded up $0.11 during trading hours on Monday, reaching $158.21. 53,707 shares of the company traded hands, compared to its average volume of 336,465. Houlihan Lokey, Inc. has a 1 year low of $122.14 and a 1 year high of $192.10. The business's 50-day moving average price is $172.13 and its two-hundred day moving average price is $172.78. The stock has a market capitalization of $11.10 billion, a P/E ratio of 30.19 and a beta of 0.72.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings results 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, equities analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was 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.