Equitable Trust Co. Trims Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Equitable Trust Co. trimmed its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 44.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,151 shares of the financial services provider's stock after selling 1,741 shares during the period. Equitable Trust Co.'s holdings in Houlihan Lokey were worth $374,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HLI. Creative Planning grew its position in shares of Houlihan Lokey by 10.7% during the 2nd quarter. Creative Planning now owns 3,614 shares of the financial services provider's stock valued at $487,000 after acquiring an additional 350 shares during the period. Ritholtz Wealth Management purchased a new stake in Houlihan Lokey in the 3rd quarter worth $224,000. Exchange Traded Concepts LLC increased its holdings in shares of Houlihan Lokey by 77.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 12,289 shares of the financial services provider's stock worth $1,942,000 after buying an additional 5,371 shares during the last quarter. Koshinski Asset Management Inc. bought a new stake in shares of Houlihan Lokey in the 3rd quarter worth about $428,000. Finally, Hutchens & Kramer Investment Management Group LLC bought a new position in Houlihan Lokey during the 3rd quarter valued at about $237,000. Institutional investors own 78.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wells Fargo & Company upped their target price on shares of Houlihan Lokey from $178.00 to $180.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 29th. Morgan Stanley raised their price target on shares of Houlihan Lokey from $200.00 to $201.00 and gave the stock an "underweight" rating in a report on Wednesday, January 29th. 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 report on Wednesday, January 29th. JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Houlihan Lokey from a "hold" rating to a "buy" rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $194.40.

Houlihan Lokey Trading Down 0.1 %

HLI traded down $0.21 during midday trading on Friday, hitting $178.27. 356,432 shares of the company traded hands, compared to its average volume of 420,596. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 34.02 and a beta of 0.69. 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 simple moving average of $177.57 and a two-hundred day simple moving average of $169.60.

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

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey's dividend payout ratio is presently 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.