Envestnet Asset Management Inc. Has $90.20 Million Position in Houlihan Lokey, Inc. (NYSE:HLI)

Envestnet Asset Management Inc. lowered its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 519,423 shares of the financial services provider's stock after selling 13,659 shares during the period. Envestnet Asset Management Inc. owned approximately 0.75% of Houlihan Lokey worth $90,203,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in Houlihan Lokey in the 4th quarter valued at $143,559,000. Norges Bank bought a new stake in Houlihan Lokey during the fourth quarter valued at about $114,047,000. Prudential Financial Inc. grew its position in shares of Houlihan Lokey by 731.6% in the fourth quarter. Prudential Financial Inc. now owns 347,469 shares of the financial services provider's stock valued at $60,341,000 after purchasing an additional 305,685 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Houlihan Lokey by 341.0% in the fourth quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider's stock worth $53,366,000 after purchasing an additional 237,615 shares during the period. Finally, Lord Abbett & CO. LLC bought a new stake in Houlihan Lokey during the 3rd quarter valued at approximately $24,177,000. Institutional investors own 78.07% of the company's stock.

Wall Street Analysts Forecast Growth

HLI has been the subject of a number of research analyst reports. UBS Group upped their price target on Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Morgan Stanley cut their target price on shares of Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Wells Fargo & Company cut their price objective on shares of Houlihan Lokey from $179.00 to $170.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, StockNews.com cut Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Houlihan Lokey currently has a consensus rating of "Hold" and an average target price of $183.40.

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Houlihan Lokey Trading Up 1.4 %

HLI stock traded up $2.12 during trading on Monday, hitting $153.32. The company had a trading volume of 76,566 shares, compared to its average volume of 433,954. The company has a fifty day moving average price of $164.89 and a two-hundred day moving average price of $172.24. Houlihan Lokey, Inc. has a fifty-two week low of $122.14 and a fifty-two week high of $192.10. The company has a market cap of $10.75 billion, a P/E ratio of 29.26 and a beta of 0.84.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share 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%. On average, analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey's payout ratio is 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.