Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Fiera Capital Corp

Fiera Capital Corp reduced its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 2.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 277,467 shares of the financial services provider's stock after selling 6,235 shares during the period. Fiera Capital Corp owned approximately 0.40% of Houlihan Lokey worth $48,185,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in shares of Houlihan Lokey during the 4th quarter valued at about $33,000. Wolff Wiese Magana LLC purchased a new position in Houlihan Lokey in the 3rd quarter valued at about $38,000. Golden State Wealth Management LLC purchased a new position in Houlihan Lokey in the 4th quarter valued at about $53,000. First Horizon Advisors Inc. lifted its stake in Houlihan Lokey by 81.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider's stock worth $70,000 after purchasing an additional 198 shares in the last quarter. Finally, Quarry LP purchased a new position in Houlihan Lokey in the 3rd quarter worth approximately $76,000. 78.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. UBS Group raised their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. StockNews.com raised shares of Houlihan Lokey from a "hold" rating to a "buy" rating in a research note on Thursday. JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Wells Fargo & Company lifted their price target on shares of Houlihan Lokey from $178.00 to $180.00 and gave the company an "underweight" rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley lifted their price target on shares of Houlihan Lokey from $200.00 to $201.00 and gave the company an "underweight" rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Houlihan Lokey has an average rating of "Hold" and a consensus price target of $194.40.

Houlihan Lokey Trading Down 0.1 %

Houlihan Lokey stock traded down $0.21 during trading on Friday, hitting $178.27. The company had a trading volume of 356,432 shares, compared to its average volume of 420,596. Houlihan Lokey, Inc. has a 1-year low of $121.81 and a 1-year high of $192.10. The company's 50 day simple moving average is $177.57 and its 200-day simple moving average is $169.60. The stock has a market cap of $12.39 billion, a price-to-earnings ratio of 34.02 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, beating 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%. As a group, analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be paid a $0.57 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.28%. Houlihan Lokey's dividend payout ratio (DPR) is 43.51%.

About Houlihan Lokey

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.