Houlihan Lokey (NYSE:HLI - Get Free Report) had its price target hoisted by Keefe, Bruyette & Woods from $171.00 to $172.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "market perform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price objective would indicate a potential downside of 1.13% from the stock's previous close.
Other research analysts have also recently issued reports about the stock. Morgan Stanley cut shares of Houlihan Lokey from an "equal weight" rating to an "underweight" rating and lifted their price objective for the company from $171.00 to $200.00 in a report on Monday, December 9th. UBS Group boosted their target price on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. StockNews.com downgraded shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Finally, Wells Fargo & Company raised their price target on Houlihan Lokey from $157.00 to $180.00 and gave the stock an "underweight" rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Houlihan Lokey currently has a consensus rating of "Hold" and an average price target of $174.20.
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Houlihan Lokey Stock Up 0.7 %
Shares of NYSE HLI traded up $1.23 during trading on Friday, reaching $173.97. The company had a trading volume of 1,371,242 shares, compared to its average volume of 326,204. Houlihan Lokey has a 12 month low of $112.17 and a 12 month high of $192.10. The company's fifty day moving average price is $178.84 and its 200-day moving average price is $157.76. The stock has a market cap of $12.09 billion, a P/E ratio of 35.58 and a beta of 0.67.
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. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The company had revenue of $574.96 million for the quarter, compared to the consensus estimate of $537.93 million. During the same period in the previous year, the business earned $1.11 EPS. The firm's revenue was up 23.1% compared to the same quarter last year. As a group, equities analysts predict that Houlihan Lokey will post 5.74 earnings per share for the current year.
Insider Transactions at Houlihan Lokey
In other news, Director Gillian Beth Zucker sold 200 shares of the business's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $168.08, for a total value of $33,616.00. Following the completion of the sale, the director now owns 6,601 shares of the company's stock, valued at approximately $1,109,496.08. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 23.68% of the company's stock.
Institutional Trading of Houlihan Lokey
A number of institutional investors have recently made changes to their positions in HLI. Earnest Partners LLC raised its stake in Houlihan Lokey by 1.9% in the second quarter. Earnest Partners LLC now owns 3,273,818 shares of the financial services provider's stock worth $441,507,000 after buying an additional 62,314 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Houlihan Lokey by 1.3% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,087,898 shares of the financial services provider's stock worth $416,434,000 after buying an additional 38,155 shares during the last quarter. State Street Corp boosted its position in Houlihan Lokey by 1.3% in the third quarter. State Street Corp now owns 1,615,467 shares of the financial services provider's stock worth $255,276,000 after purchasing an additional 21,106 shares during the last quarter. Geode Capital Management LLC grew its position in Houlihan Lokey by 2.8% during the third quarter. Geode Capital Management LLC now owns 970,559 shares of the financial services provider's stock valued at $153,405,000 after buying an additional 26,564 shares during the period. Finally, Sei Investments Co. grew its holdings in Houlihan Lokey by 6.2% during the second quarter. Sei Investments Co. now owns 776,335 shares of the financial services provider's stock valued at $104,697,000 after purchasing an additional 45,205 shares during the period. Hedge funds and other institutional investors own 78.07% of the company's stock.
About Houlihan Lokey
(
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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.
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