FIL Ltd Reduces Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

FIL Ltd trimmed its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 17.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 129,116 shares of the financial services provider's stock after selling 27,975 shares during the period. FIL Ltd owned 0.19% of Houlihan Lokey worth $22,422,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HLI. Private Trust Co. NA bought a new stake in shares of Houlihan Lokey during the fourth quarter valued at approximately $29,000. Financial Life Planners purchased a new stake in shares of Houlihan Lokey in the 4th quarter worth about $33,000. Golden State Wealth Management LLC bought a new position in shares of Houlihan Lokey in the 4th quarter worth about $53,000. VisionPoint Advisory Group LLC purchased a new position in Houlihan Lokey during the 4th quarter valued at about $62,000. Finally, Mather Group LLC. increased its stake in shares of Houlihan Lokey by 24.8% during the fourth quarter. Mather Group LLC. now owns 584 shares of the financial services provider's stock valued at $101,000 after purchasing an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company's stock.

Houlihan Lokey Trading Down 0.7 %

Houlihan Lokey stock traded down $1.14 during midday trading on Wednesday, hitting $152.88. The stock had a trading volume of 79,891 shares, compared to its average volume of 350,632. Houlihan Lokey, Inc. has a 52-week low of $122.14 and a 52-week high of $192.10. The firm's fifty day moving average is $163.66 and its two-hundred day moving average is $172.09. The company has a market capitalization of $10.72 billion, a PE ratio of 29.18 and a beta of 0.84.

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

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Monday, March 3rd. Houlihan Lokey's dividend payout ratio (DPR) is presently 43.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. JPMorgan Chase & Co. dropped their target price on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. StockNews.com lowered shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Wells Fargo & Company dropped their target price on shares of Houlihan Lokey from $179.00 to $170.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. UBS Group increased their target price on Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Finally, JMP Securities reissued a "market perform" rating 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 company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $183.40.

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.