LPL Financial LLC Has $14.62 Million Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

LPL Financial LLC increased its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 50.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 84,159 shares of the financial services provider's stock after purchasing an additional 28,398 shares during the period. LPL Financial LLC owned approximately 0.12% of Houlihan Lokey worth $14,615,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. CIBC Asset Management Inc raised its position in shares of Houlihan Lokey by 5.0% in the 4th quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider's stock valued at $281,000 after buying an additional 77 shares in the last quarter. M&T Bank Corp lifted its stake in Houlihan Lokey by 2.5% during the fourth quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider's stock worth $655,000 after purchasing an additional 92 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in shares of Houlihan Lokey by 6.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider's stock valued at $282,000 after purchasing an additional 95 shares in the last quarter. State of Michigan Retirement System boosted its holdings in shares of Houlihan Lokey by 0.8% in the 4th quarter. State of Michigan Retirement System now owns 12,700 shares of the financial services provider's stock valued at $2,205,000 after purchasing an additional 100 shares in the last quarter. Finally, Mather Group LLC. raised its holdings in shares of Houlihan Lokey by 24.8% during the 4th quarter. Mather Group LLC. now owns 584 shares of the financial services provider's stock worth $101,000 after buying an additional 116 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

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Wall Street Analysts Forecast Growth

HLI has been the topic of several research analyst reports. Wells Fargo & Company raised Houlihan Lokey from an "underweight" rating to an "overweight" rating and reduced their price objective for the company from $180.00 to $179.00 in a research note on Tuesday, March 11th. JPMorgan Chase & Co. decreased their price target on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. UBS Group increased their price objective 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. StockNews.com cut shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Houlihan Lokey has a consensus rating of "Hold" and a consensus price target of $192.00.

Houlihan Lokey Trading Down 4.5 %

NYSE:HLI traded down $6.91 on Friday, reaching $146.40. 779,749 shares of the stock traded hands, compared to its average volume of 343,969. Houlihan Lokey, Inc. has a 1-year low of $122.14 and a 1-year high of $192.10. The company's 50 day moving average is $169.45 and its 200-day moving average is $172.89. The firm has a market capitalization of $10.27 billion, a price-to-earnings ratio of 27.94 and a beta of 0.83.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate 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, equities research analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey's dividend payout ratio is 43.51%.

Houlihan Lokey Company 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.