Daiwa Securities Group Inc. decreased its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,395 shares of the financial services provider's stock after selling 2,098 shares during the period. Daiwa Securities Group Inc.'s holdings in Houlihan Lokey were worth $3,021,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Private Trust Co. NA bought a new position in Houlihan Lokey during the fourth quarter worth about $29,000. Financial Life Planners bought a new position in Houlihan Lokey during the fourth quarter worth about $33,000. Golden State Wealth Management LLC bought a new position in Houlihan Lokey during the fourth quarter worth about $53,000. VisionPoint Advisory Group LLC bought a new position in Houlihan Lokey during the fourth quarter worth about $62,000. Finally, First Horizon Advisors Inc. boosted its holdings in Houlihan Lokey by 81.5% during the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider's stock worth $70,000 after buying an additional 198 shares during the last quarter. Institutional investors own 78.07% of the company's stock.
Houlihan Lokey Stock Performance
Houlihan Lokey stock traded up $2.51 during midday trading on Monday, reaching $161.50. The stock had a trading volume of 332,350 shares, compared to its average volume of 325,551. The firm's fifty day simple moving average is $174.04 and its 200-day simple moving average is $172.05. Houlihan Lokey, Inc. has a 1-year low of $121.81 and a 1-year high of $192.10. The stock has a market capitalization of $11.33 billion, a P/E ratio of 30.82 and a beta of 0.72.
Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating 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, sell-side analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.
Houlihan Lokey Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Monday, March 3rd. Houlihan Lokey's dividend payout ratio is presently 43.51%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. JMP Securities restated a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. UBS Group raised their price target on Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Morgan Stanley raised Houlihan Lokey from an "underweight" rating to an "overweight" rating and dropped their price target for the stock from $201.00 to $190.00 in a research report on Thursday. StockNews.com lowered Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $192.00 price target (up previously from $170.00) 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $192.00.
View Our Latest Research Report on Houlihan Lokey
About Houlihan Lokey
(
Free Report)
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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