Houlihan Lokey, Inc. (NYSE:HLI) Shares Purchased by Whittier Trust Co.

Whittier Trust Co. lifted its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,610 shares of the financial services provider's stock after purchasing an additional 2,614 shares during the quarter. Whittier Trust Co. owned approximately 0.10% of Houlihan Lokey worth $11,567,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HLI. Victory Capital Management Inc. grew its holdings in shares of Houlihan Lokey by 59.3% during the third quarter. Victory Capital Management Inc. now owns 71,269 shares of the financial services provider's stock worth $11,262,000 after buying an additional 26,522 shares during the last quarter. Quest Partners LLC acquired a new stake in Houlihan Lokey during the 3rd quarter worth approximately $92,000. Pathstone Holdings LLC grew its stake in shares of Houlihan Lokey by 0.5% in the 3rd quarter. Pathstone Holdings LLC now owns 21,787 shares of the financial services provider's stock valued at $3,443,000 after purchasing an additional 115 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Houlihan Lokey by 2.9% in the third quarter. PNC Financial Services Group Inc. now owns 13,945 shares of the financial services provider's stock valued at $2,204,000 after purchasing an additional 387 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in shares of Houlihan Lokey by 81.5% during the third 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 last quarter. Hedge funds and other institutional investors own 78.07% of the company's stock.

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Houlihan Lokey Trading Up 0.6 %

Shares of HLI traded up $1.08 during trading hours on Tuesday, reaching $167.88. The company had a trading volume of 287,635 shares, compared to its average volume of 327,899. Houlihan Lokey, Inc. has a 12-month low of $122.14 and a 12-month high of $192.10. The firm has a 50 day simple moving average of $173.15 and a 200-day simple moving average of $172.45. The company has a market capitalization of $11.78 billion, a price-to-earnings ratio of 32.04 and a beta of 0.72.

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 (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%. Sell-side analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The company 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 annualized dividend and a yield of 1.36%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey's payout ratio is currently 43.51%.

Analyst Ratings Changes

A number of research firms recently weighed in on HLI. StockNews.com lowered shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Morgan Stanley raised shares of Houlihan Lokey from an "underweight" rating to an "overweight" rating and lowered their target price for the company from $201.00 to $190.00 in a report on Thursday, March 13th. UBS Group boosted their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. Finally, JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a research report 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, Houlihan Lokey has an average rating of "Hold" and a consensus target price of $192.00.

About Houlihan Lokey

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.