Geode Capital Management LLC Has $167.89 Million Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Geode Capital Management LLC lowered its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 966,476 shares of the financial services provider's stock after selling 4,083 shares during the quarter. Geode Capital Management LLC owned 1.39% of Houlihan Lokey worth $167,888,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HLI. CIBC Asset Management Inc raised its holdings in Houlihan Lokey by 5.0% during the 4th quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider's stock worth $281,000 after buying an additional 77 shares during the period. M&T Bank Corp lifted its position in Houlihan Lokey by 2.5% in the 4th quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider's stock valued at $655,000 after acquiring an additional 92 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in Houlihan Lokey by 6.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider's stock worth $282,000 after purchasing an additional 95 shares during the period. State of Michigan Retirement System increased its holdings in Houlihan Lokey by 0.8% during the 4th quarter. State of Michigan Retirement System now owns 12,700 shares of the financial services provider's stock worth $2,205,000 after purchasing an additional 100 shares in the last quarter. Finally, Mather Group LLC. increased its holdings in Houlihan Lokey by 24.8% during the 4th quarter. Mather Group LLC. now owns 584 shares of the financial services provider's stock worth $101,000 after purchasing an additional 116 shares in the last quarter. Institutional investors own 78.07% of the company's stock.

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Houlihan Lokey Trading Up 0.8 %

Shares of Houlihan Lokey stock traded up $1.16 on Friday, reaching $151.31. 360,287 shares of the company were exchanged, compared to its average volume of 349,475. Houlihan Lokey, Inc. has a one year low of $122.14 and a one year high of $192.10. The company has a 50-day moving average of $164.89 and a 200 day moving average of $172.14. The company has a market capitalization of $10.61 billion, a price-to-earnings ratio of 28.88 and a beta of 0.84.

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

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey's payout ratio is currently 43.51%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wells Fargo & Company reduced their price objective on Houlihan Lokey from $179.00 to $170.00 and set an "overweight" rating for the company in a research report on Tuesday. JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. Morgan Stanley reduced their target price on shares of Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a report on Monday. Finally, StockNews.com downgraded shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Houlihan Lokey currently has a consensus rating of "Hold" and a consensus price target 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.