Morgan Stanley Cuts Houlihan Lokey (NYSE:HLI) Price Target to $156.00

Houlihan Lokey (NYSE:HLI - Free Report) had its target price cut by Morgan Stanley from $190.00 to $156.00 in a research report report published on Monday morning,Benzinga reports. They currently have an overweight rating on the financial services provider's stock.

Other equities research analysts also recently issued reports about the company. StockNews.com downgraded Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Wells Fargo & Company upgraded Houlihan Lokey from an "underweight" rating to an "overweight" rating and reduced their target price for the stock from $180.00 to $179.00 in a research note on Tuesday, March 11th. JPMorgan Chase & Co. lowered 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 note on Wednesday, January 29th. UBS Group upped their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Finally, JMP Securities reiterated a "market perform" rating 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 issued a buy rating to the stock. According to MarketBeat.com, Houlihan Lokey has a consensus rating of "Hold" and a consensus target price of $183.40.

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Houlihan Lokey Stock Performance

NYSE HLI traded up $1.16 on Monday, hitting $151.31. 360,287 shares of the stock were exchanged, compared to its average volume of 349,475. Houlihan Lokey has a 52-week low of $122.14 and a 52-week high of $192.10. The firm has a market capitalization of $10.61 billion, a P/E ratio of 28.88 and a beta of 0.84. The stock has a fifty day moving average price of $164.89 and a two-hundred day moving average price of $172.14.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its quarterly 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 net margin of 16.00% and a return on equity of 20.04%. Sell-side analysts expect that Houlihan Lokey will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were issued a $0.57 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.51%. Houlihan Lokey's dividend payout ratio (DPR) is presently 43.51%.

Institutional Trading of Houlihan Lokey

Several institutional investors and hedge funds have recently bought and sold shares of the business. Private Trust Co. NA purchased a new position in shares of Houlihan Lokey during the fourth quarter worth $29,000. Financial Life Planners purchased a new position in shares of Houlihan Lokey during the 4th quarter valued at about $33,000. Golden State Wealth Management LLC acquired a new position in shares of Houlihan Lokey in the 4th quarter valued at about $53,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Houlihan Lokey in the first quarter worth about $54,000. Finally, Versant Capital Management Inc grew its holdings in Houlihan Lokey by 744.2% during the first quarter. Versant Capital Management Inc now owns 363 shares of the financial services provider's stock worth $59,000 after acquiring an additional 320 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.

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.