Natixis Advisors LLC Sells 8,334 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Natixis Advisors LLC decreased its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 391,054 shares of the financial services provider's stock after selling 8,334 shares during the period. Natixis Advisors LLC owned approximately 0.56% of Houlihan Lokey worth $67,910,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Private Trust Co. NA bought a new position in Houlihan Lokey during the 4th quarter worth about $29,000. Financial Life Planners bought a new position in shares of Houlihan Lokey during the fourth quarter worth about $33,000. Golden State Wealth Management LLC acquired a new stake in Houlihan Lokey in the 4th quarter valued at approximately $53,000. VisionPoint Advisory Group LLC bought a new stake in Houlihan Lokey in the 4th quarter valued at approximately $62,000. Finally, First Horizon Advisors Inc. boosted its position in Houlihan Lokey by 81.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider's stock worth $70,000 after acquiring an additional 198 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Houlihan Lokey Stock Down 0.3 %

Shares of HLI stock traded down $0.50 during trading on Thursday, reaching $162.33. 380,273 shares of the company's stock were exchanged, compared to its average volume of 406,996. The firm's fifty day moving average price is $173.44 and its 200-day moving average price is $172.08. Houlihan Lokey, Inc. has a twelve month low of $122.14 and a twelve month high of $192.10. The stock has a market capitalization of $11.39 billion, a PE ratio of 30.98 and a beta of 0.72.

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Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, beating 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%. As a group, analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.40%. Houlihan Lokey's dividend payout ratio (DPR) is presently 43.51%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HLI. JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. UBS Group boosted their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Wells Fargo & Company raised shares of Houlihan Lokey from an "underweight" rating to an "overweight" rating and decreased their target price for the company from $180.00 to $179.00 in a research note on Tuesday, March 11th. Finally, StockNews.com lowered shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $192.00.

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.