Evoke Wealth LLC Takes $1.15 Million Position in Houlihan Lokey, Inc. (NYSE:HLI)

Evoke Wealth LLC bought a new stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,603 shares of the financial services provider's stock, valued at approximately $1,147,000.

Several other hedge funds have also made changes to their positions in the company. State Street Corp raised its holdings in Houlihan Lokey by 1.3% in the 3rd quarter. State Street Corp now owns 1,615,467 shares of the financial services provider's stock valued at $255,276,000 after buying an additional 21,106 shares during the period. Geode Capital Management LLC increased its position in shares of Houlihan Lokey by 2.8% during the third quarter. Geode Capital Management LLC now owns 970,559 shares of the financial services provider's stock valued at $153,405,000 after acquiring an additional 26,564 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Houlihan Lokey in the 4th quarter valued at approximately $143,559,000. Eagle Asset Management Inc. lifted its holdings in shares of Houlihan Lokey by 23.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider's stock worth $109,525,000 after acquiring an additional 132,516 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Houlihan Lokey by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 602,956 shares of the financial services provider's stock worth $104,709,000 after purchasing an additional 1,931 shares during the period. Hedge funds and other institutional investors own 78.07% of the company's stock.

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Analysts Set New Price Targets

A number of analysts have issued reports on HLI shares. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Wells Fargo & Company upgraded Houlihan Lokey from an "underweight" rating to an "overweight" rating and cut their price objective for the company from $180.00 to $179.00 in a report on Tuesday, March 11th. UBS Group raised their target price on Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Finally, StockNews.com cut shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. 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, Houlihan Lokey presently has a consensus rating of "Hold" and a consensus target price of $192.00.

Houlihan Lokey Trading Up 0.3 %

HLI traded up $0.47 on Friday, hitting $162.74. 718,355 shares of the company were exchanged, compared to its average volume of 327,676. The firm has a 50-day moving average price of $173.11 and a two-hundred day moving average price of $172.20. Houlihan Lokey, Inc. has a twelve month low of $122.14 and a twelve month high of $192.10. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 31.06 and a beta of 0.72.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced 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%. Equities analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was 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.