Houlihan Lokey, Inc. (NYSE:HLI) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,096 shares of the financial services provider's stock after buying an additional 9,914 shares during the quarter. JPMorgan Chase & Co. owned 0.19% of Houlihan Lokey worth $22,766,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Benjamin Edwards Inc. increased its holdings in Houlihan Lokey by 17,100.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 1,548 shares of the financial services provider's stock valued at $245,000 after purchasing an additional 1,539 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Houlihan Lokey by 42.5% in the third quarter. Stifel Financial Corp now owns 89,788 shares of the financial services provider's stock valued at $14,188,000 after buying an additional 26,780 shares in the last quarter. State Street Corp raised its holdings in shares of Houlihan Lokey by 1.3% in the 3rd quarter. State Street Corp now owns 1,615,467 shares of the financial services provider's stock valued at $255,276,000 after buying an additional 21,106 shares during the period. Orion Portfolio Solutions LLC lifted its stake in Houlihan Lokey by 147.8% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 7,921 shares of the financial services provider's stock worth $1,252,000 after acquiring an additional 4,725 shares in the last quarter. Finally, MML Investors Services LLC boosted its holdings in Houlihan Lokey by 10.4% during the 3rd quarter. MML Investors Services LLC now owns 19,845 shares of the financial services provider's stock valued at $3,136,000 after acquiring an additional 1,869 shares during the period. 78.07% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

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

Houlihan Lokey Price Performance

Shares of NYSE HLI traded down $0.27 during midday trading on Tuesday, hitting $154.82. 68,046 shares of the company's stock were exchanged, compared to its average volume of 437,810. The firm's fifty day simple moving average is $164.33 and its 200-day simple moving average is $172.22. The company has a market cap of $10.86 billion, a PE ratio of 29.54 and a beta of 0.84. Houlihan Lokey, Inc. has a twelve month low of $122.14 and a twelve month high of $192.10.

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

Houlihan Lokey Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey's payout ratio is currently 43.51%.

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.