FineMark National Bank & Trust Trims Stake in Houlihan Lokey, Inc. (NYSE:HLI)

FineMark National Bank & Trust decreased its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 28.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,928 shares of the financial services provider's stock after selling 13,555 shares during the quarter. FineMark National Bank & Trust owned about 0.05% of Houlihan Lokey worth $6,066,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Houlihan Lokey by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 5,265,574 shares of the financial services provider's stock valued at $914,420,000 after acquiring an additional 98,495 shares during the last quarter. State Street Corp raised its stake in Houlihan Lokey by 1.3% during the third quarter. State Street Corp now owns 1,615,467 shares of the financial services provider's stock worth $255,276,000 after purchasing an additional 21,106 shares during the period. Geode Capital Management LLC boosted its holdings in Houlihan Lokey by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 970,559 shares of the financial services provider's stock valued at $153,405,000 after purchasing 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. Finally, Charles Schwab Investment Management Inc. increased its holdings 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 buying an additional 1,931 shares during the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

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Houlihan Lokey Stock Down 1.8 %

NYSE:HLI traded down $2.88 on Friday, reaching $157.98. 461,147 shares of the company's stock were exchanged, compared to its average volume of 337,562. The firm has a market capitalization of $11.08 billion, a price-to-earnings ratio of 30.15 and a beta of 0.72. Houlihan Lokey, Inc. has a 52-week low of $122.14 and a 52-week high of $192.10. The business has a fifty day moving average of $172.13 and a 200-day moving average of $172.63.

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

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Monday, March 3rd. Houlihan Lokey's dividend payout ratio (DPR) is presently 43.51%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HLI. Wells Fargo & Company upgraded Houlihan Lokey from an "underweight" rating to an "overweight" rating and lowered their price objective for the stock from $180.00 to $179.00 in a research report on Tuesday, March 11th. JPMorgan Chase & Co. lowered their price target on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Morgan Stanley upgraded shares of Houlihan Lokey from an "underweight" rating to an "overweight" rating and reduced their price objective for the company from $201.00 to $190.00 in a report on Thursday, March 13th. JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, UBS Group upped their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $192.00.

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.