JPMorgan Chase & Co. Issues Pessimistic Forecast for Houlihan Lokey (NYSE:HLI) Stock Price

Houlihan Lokey (NYSE:HLI - Free Report) had its target price cut by JPMorgan Chase & Co. from $172.00 to $169.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the financial services provider's stock.

HLI has been the subject of several other research reports. Keefe, Bruyette & Woods dropped their price objective on shares of Houlihan Lokey from $172.00 to $170.00 and set a "market perform" rating for the company in a report on Monday, January 13th. Wells Fargo & Company decreased their target price on shares of Houlihan Lokey from $180.00 to $178.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 14th. Morgan Stanley cut shares of Houlihan Lokey from an "equal weight" rating to an "underweight" rating and upped their target price for the company from $171.00 to $200.00 in a research report on Monday, December 9th. StockNews.com raised shares of Houlihan Lokey from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, UBS Group increased their price objective on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Houlihan Lokey has an average rating of "Hold" and an average price target of $194.40.

Houlihan Lokey Stock Up 1.0 %

HLI traded up $1.76 during mid-day trading on Wednesday, reaching $181.92. 460,160 shares of the company traded hands, compared to its average volume of 395,666. The stock has a market capitalization of $12.64 billion, a P/E ratio of 34.72 and a beta of 0.69. The company's fifty day moving average price is $178.78 and its 200-day moving average price is $167.17. Houlihan Lokey has a 52-week low of $119.28 and a 52-week high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its quarterly earnings data 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 20.59%. As a group, sell-side analysts forecast that Houlihan Lokey will post 5.84 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be given a $0.57 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.25%. Houlihan Lokey's dividend payout ratio (DPR) is 43.51%.

Institutional Trading of Houlihan Lokey

Several institutional investors have recently modified their holdings of the stock. Bank of Montreal Can boosted its position in Houlihan Lokey by 5.1% during the second quarter. Bank of Montreal Can now owns 24,178 shares of the financial services provider's stock worth $3,285,000 after acquiring an additional 1,171 shares during the last quarter. AQR Capital Management LLC boosted its position in Houlihan Lokey by 73.9% during the second quarter. AQR Capital Management LLC now owns 11,396 shares of the financial services provider's stock worth $1,537,000 after acquiring an additional 4,844 shares during the last quarter. Algert Global LLC boosted its position in Houlihan Lokey by 9.8% during the second quarter. Algert Global LLC now owns 14,599 shares of the financial services provider's stock worth $1,969,000 after acquiring an additional 1,299 shares during the last quarter. Creative Planning boosted its position in Houlihan Lokey by 10.7% during the second quarter. Creative Planning now owns 3,614 shares of the financial services provider's stock worth $487,000 after acquiring an additional 350 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Houlihan Lokey by 19.4% in the 2nd quarter. NewEdge Advisors LLC now owns 23,556 shares of the financial services provider's stock valued at $3,177,000 after purchasing an additional 3,824 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

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.