Houlihan Lokey (NYSE:HLI) Given New $170.00 Price Target at Keefe, Bruyette & Woods

Houlihan Lokey (NYSE:HLI - Get Free Report) had its price target reduced by equities researchers at Keefe, Bruyette & Woods from $172.00 to $170.00 in a research report issued on Monday,Benzinga reports. The firm currently has a "market perform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' target price points to a potential upside of 3.16% from the stock's previous close.

Several other equities research analysts have also weighed in on HLI. Wells Fargo & Company upped their price objective on Houlihan Lokey from $157.00 to $180.00 and gave the company an "underweight" rating in a research note on Thursday, December 12th. Morgan Stanley cut Houlihan Lokey from an "equal weight" rating to an "underweight" rating and upped their price target for the company from $171.00 to $200.00 in a research report on Monday, December 9th. StockNews.com cut Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Finally, UBS Group upped their target price on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $173.80.

Houlihan Lokey Price Performance

Shares of NYSE HLI traded down $3.37 during trading hours on Monday, reaching $164.80. The stock had a trading volume of 459,340 shares, compared to its average volume of 366,077. The company has a market cap of $11.45 billion, a price-to-earnings ratio of 33.70 and a beta of 0.69. Houlihan Lokey has a twelve month low of $112.84 and a twelve month high of $192.10. The business's fifty day moving average is $180.04 and its two-hundred day moving average is $162.88.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.15. The company had revenue of $574.96 million during the quarter, compared to analysts' expectations of $537.93 million. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The business's revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.11 EPS. Sell-side analysts forecast that Houlihan Lokey will post 5.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC raised its position in shares of Houlihan Lokey by 24,074.0% during the second quarter. Millennium Management LLC now owns 501,610 shares of the financial services provider's stock worth $67,647,000 after acquiring an additional 499,535 shares during the last quarter. Fiera Capital Corp increased its position in Houlihan Lokey by 666.8% in the third quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider's stock worth $44,831,000 after purchasing an additional 246,705 shares during the period. Lord Abbett & CO. LLC bought a new stake in Houlihan Lokey during the 3rd quarter worth about $24,177,000. Charles Schwab Investment Management Inc. lifted its position in Houlihan Lokey by 33.0% during 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 purchasing an additional 149,114 shares during the period. Finally, Eagle Asset Management Inc. boosted its stake in shares of Houlihan Lokey by 23.6% in 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. Institutional investors and hedge funds own 78.07% of the company's stock.

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.