Houlihan Lokey, Inc. (NYSE:HLI) Given Average Recommendation of "Hold" by Analysts

Houlihan Lokey, Inc. (NYSE:HLI - Get Free Report) has received an average recommendation of "Hold" from the six ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $194.20.

A number of analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. StockNews.com downgraded Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $192.00 price objective (up from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Wells Fargo & Company upgraded Houlihan Lokey from an "underweight" rating to an "overweight" rating and dropped their price objective for the stock from $180.00 to $179.00 in a report on Tuesday. Finally, Morgan Stanley upped their price target on shares of Houlihan Lokey from $200.00 to $201.00 and gave the stock an "underweight" rating in a research report on Wednesday, January 29th.

Institutional Investors Weigh In On Houlihan Lokey

A number of institutional investors have recently modified their holdings of HLI. Janney Montgomery Scott LLC raised its stake in shares of Houlihan Lokey by 110.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 4,955 shares of the financial services provider's stock valued at $783,000 after purchasing an additional 2,606 shares in the last quarter. Assetmark Inc. raised its stake in Houlihan Lokey by 2,482.4% during the third quarter. Assetmark Inc. now owns 9,813 shares of the financial services provider's stock worth $1,551,000 after acquiring an additional 9,433 shares during the period. Atria Investments Inc lifted its holdings in Houlihan Lokey by 3.7% in the third quarter. Atria Investments Inc now owns 22,497 shares of the financial services provider's stock worth $3,555,000 after acquiring an additional 809 shares during the last quarter. Axxcess Wealth Management LLC bought a new position in Houlihan Lokey in the third quarter worth about $254,000. Finally, Crossmark Global Holdings Inc. lifted its holdings in Houlihan Lokey by 25.2% in the third quarter. Crossmark Global Holdings Inc. now owns 4,688 shares of the financial services provider's stock worth $741,000 after acquiring an additional 944 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

Houlihan Lokey Stock Performance

Shares of HLI opened at $156.70 on Thursday. The stock has a fifty day moving average of $174.61 and a two-hundred day moving average of $171.88. The company has a market capitalization of $10.99 billion, a PE ratio of 29.90 and a beta of 0.72. Houlihan Lokey has a fifty-two week low of $121.81 and a fifty-two week high of $192.10.

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Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its quarterly 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 return on equity of 20.04% and a net margin of 16.00%. As a group, equities research analysts forecast that Houlihan Lokey will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be paid a $0.57 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.46%. Houlihan Lokey's dividend payout ratio (DPR) 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.

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