Prudential Financial Inc. Buys 305,685 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Prudential Financial Inc. increased its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 731.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 347,469 shares of the financial services provider's stock after purchasing an additional 305,685 shares during the period. Prudential Financial Inc. owned approximately 0.50% of Houlihan Lokey worth $60,341,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of HLI. Private Trust Co. NA bought a new stake in shares of Houlihan Lokey in the 4th quarter worth about $29,000. Financial Life Planners bought a new stake in Houlihan Lokey during the fourth quarter worth approximately $33,000. Golden State Wealth Management LLC purchased a new stake in Houlihan Lokey during the fourth quarter valued at approximately $53,000. VisionPoint Advisory Group LLC bought a new stake in shares of Houlihan Lokey in the 4th quarter valued at approximately $62,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of 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 during the period. Hedge funds and other institutional investors own 78.07% of the company's stock.

Houlihan Lokey Price Performance

Shares of NYSE:HLI traded down $2.88 during trading on Friday, reaching $157.98. 461,147 shares of the company were exchanged, compared to its average volume of 337,562. The business's fifty day simple moving average is $172.13 and its 200-day simple moving average is $172.63. Houlihan Lokey, Inc. has a 12-month low of $122.14 and a 12-month high of $192.10. The firm has a market capitalization of $11.08 billion, a PE ratio of 30.15 and a beta of 0.72.

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

Houlihan Lokey Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on HLI shares. Morgan Stanley upgraded Houlihan Lokey from an "underweight" rating to an "overweight" rating and decreased their price target for the company from $201.00 to $190.00 in a report on Thursday, March 13th. JMP Securities restated a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. StockNews.com downgraded shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. dropped their target price on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Houlihan Lokey 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.