Jump Financial LLC Invests $1.06 Million in Houlihan Lokey, Inc. (NYSE:HLI)

Jump Financial LLC purchased a new stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,122 shares of the financial services provider's stock, valued at approximately $1,063,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HLI. Vanguard Group Inc. boosted its holdings in shares of Houlihan Lokey by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 5,265,574 shares of the financial services provider's stock valued at $914,420,000 after buying an additional 98,495 shares during the period. FMR LLC boosted its stake in Houlihan Lokey by 9.4% in the fourth quarter. FMR LLC now owns 1,875,220 shares of the financial services provider's stock valued at $325,651,000 after acquiring an additional 161,647 shares during the period. Invesco Ltd. raised its position in shares of Houlihan Lokey by 122.7% during the 4th quarter. Invesco Ltd. now owns 1,041,201 shares of the financial services provider's stock worth $180,815,000 after purchasing an additional 573,745 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Houlihan Lokey in the 4th quarter worth approximately $143,559,000. Finally, Norges Bank bought a new position in Houlihan Lokey during the 4th quarter worth $114,047,000. Institutional investors and hedge funds own 78.07% of the company's stock.

Houlihan Lokey Trading Down 0.5 %

Shares of NYSE HLI traded down $0.78 during mid-day trading on Friday, reaching $159.09. The company had a trading volume of 93,185 shares, compared to its average volume of 348,808. Houlihan Lokey, Inc. has a 1-year low of $123.53 and a 1-year high of $192.10. The stock has a market cap of $11.16 billion, a PE ratio of 30.36 and a beta of 0.84. The company has a 50-day moving average price of $160.10 and a two-hundred day moving average price of $171.74.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted 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 net margin of 16.00% and a return on equity of 20.04%. On average, research analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

The firm 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 dividend yield of 1.43%. The ex-dividend date of this dividend was Monday, March 3rd. Houlihan Lokey's payout ratio is presently 43.51%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HLI. Morgan Stanley dropped their price objective on shares of Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. JMP Securities restated a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price 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. Wells Fargo & Company dropped their price target on shares of Houlihan Lokey from $179.00 to $170.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.