Victory Capital Management Inc. Trims Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Victory Capital Management Inc. trimmed its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 12.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,234 shares of the financial services provider's stock after selling 9,035 shares during the period. Victory Capital Management Inc. owned approximately 0.09% of Houlihan Lokey worth $10,808,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HLI. Jennison Associates LLC raised its holdings in Houlihan Lokey by 341.0% during the fourth quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider's stock worth $53,366,000 after buying an additional 237,615 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Houlihan Lokey in the 3rd quarter worth about $24,177,000. Charles Schwab Investment Management Inc. lifted its position in Houlihan Lokey by 33.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider's stock valued at $94,974,000 after acquiring an additional 149,114 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in Houlihan Lokey by 23.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider's stock valued at $109,525,000 after purchasing an additional 132,516 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in Houlihan Lokey during the 4th quarter worth approximately $21,613,000. 78.07% of the stock is owned by institutional investors.

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Houlihan Lokey Trading Up 1.6 %

Shares of NYSE:HLI traded up $2.51 during midday trading on Monday, reaching $161.50. The company had a trading volume of 332,350 shares, compared to its average volume of 325,551. The stock has a market cap of $11.33 billion, a P/E ratio of 30.82 and a beta of 0.72. The company's 50 day moving average price is $174.04 and its 200 day moving average price is $172.05. Houlihan Lokey, Inc. has a 52-week low of $121.81 and a 52-week high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 EPS 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%. Research analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.41%. Houlihan Lokey's payout ratio is 43.51%.

Analyst Ratings Changes

A number of research firms have recently weighed in on HLI. 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 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 company from $180.00 to $179.00 in a research note on Tuesday, March 11th. Morgan Stanley upgraded shares of Houlihan Lokey from an "underweight" rating to an "overweight" rating and reduced their target price for the stock from $201.00 to $190.00 in a research note on Thursday. StockNews.com downgraded shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, JMP Securities restated a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average 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.