KLP Kapitalforvaltning AS Buys New Shares in Houlihan Lokey, Inc. (NYSE:HLI)

KLP Kapitalforvaltning AS acquired a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,600 shares of the financial services provider's stock, valued at approximately $2,188,000.

A number of other institutional investors and hedge funds have also bought and sold shares of HLI. Raymond James Financial Inc. bought a new stake in shares of Houlihan Lokey during the fourth quarter valued at approximately $143,559,000. Jennison Associates LLC increased its holdings in shares of Houlihan Lokey by 341.0% in the 4th quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider's stock worth $53,366,000 after purchasing an additional 237,615 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Houlihan Lokey in the third quarter worth $24,177,000. Assenagon Asset Management S.A. bought a new position in shares of Houlihan Lokey during the fourth quarter valued at $21,613,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of Houlihan Lokey by 1,823.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 95,298 shares of the financial services provider's stock valued at $16,550,000 after buying an additional 90,343 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HLI shares. Wells Fargo & Company raised Houlihan Lokey from an "underweight" rating to an "overweight" rating and decreased their target price for the stock from $180.00 to $179.00 in a research report on Tuesday, March 11th. Morgan Stanley raised shares of Houlihan Lokey from an "underweight" rating to an "overweight" rating and decreased their price objective for the company from $201.00 to $190.00 in a report on Thursday, March 13th. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. UBS Group boosted their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Finally, JMP Securities reissued a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Houlihan Lokey has a consensus rating of "Hold" and a consensus price target of $192.00.

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Houlihan Lokey Stock Up 1.5 %

HLI traded up $2.46 during trading on Tuesday, hitting $163.96. The company's stock had a trading volume of 547,022 shares, compared to its average volume of 339,291. The business's 50 day simple moving average is $171.31 and its 200-day simple moving average is $172.92. The firm has a market cap of $11.50 billion, a PE ratio of 31.29 and a beta of 0.72. Houlihan Lokey, Inc. has a one year low of $122.14 and a one year high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. Equities research analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were given a dividend of $0.57 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.39%. Houlihan Lokey's payout ratio is currently 43.51%.

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.