Houlihan Lokey, Inc. (NYSE:HLI) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. raised its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 21.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,208 shares of the financial services provider's stock after acquiring an additional 2,155 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Houlihan Lokey were worth $2,120,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Private Trust Co. NA bought a new stake in Houlihan Lokey during the fourth quarter valued at about $29,000. Financial Life Planners purchased a new position in shares of Houlihan Lokey in the 4th 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 purchased a new position in Houlihan Lokey in the fourth quarter worth $62,000. Finally, Mather Group LLC. increased its position in shares of Houlihan Lokey by 24.8% during the fourth 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. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Houlihan Lokey Stock Performance

Shares of HLI traded up $4.30 during trading hours on Thursday, hitting $159.81. The stock had a trading volume of 178,978 shares, compared to its average volume of 351,715. Houlihan Lokey, Inc. has a fifty-two week low of $123.53 and a fifty-two week high of $192.10. The firm has a 50-day moving average price of $160.47 and a 200 day moving average price of $171.75. The firm has a market capitalization of $11.21 billion, a price-to-earnings ratio of 30.50 and a beta of 0.84.

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 (EPS) for the quarter, topping 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%. As a group, analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were given a $0.57 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.43%. Houlihan Lokey's dividend payout ratio (DPR) is 43.51%.

Analyst Ratings Changes

HLI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. UBS Group raised their price target 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. StockNews.com lowered shares of 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 issued a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a research note 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $183.40.

Houlihan Lokey 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.