Houlihan Lokey (NYSE:HLI) Coverage Initiated by Analysts at Wells Fargo & Company

Analysts at Wells Fargo & Company assumed coverage on shares of Houlihan Lokey (NYSE:HLI - Get Free Report) in a note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage set an "underweight" rating and a $149.00 price target on the financial services provider's stock. Wells Fargo & Company's price objective points to a potential downside of 1.62% from the stock's previous close.

Other research analysts have also issued research reports about the stock. Morgan Stanley raised their price objective on shares of Houlihan Lokey from $131.00 to $148.00 and gave the company an "equal weight" rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. cut their price target on shares of Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating on the stock in a report on Wednesday, July 31st. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $154.00 price objective (up previously from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. Finally, UBS Group raised their target price on Houlihan Lokey from $157.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $150.00.

Houlihan Lokey Stock Up 0.2 %

Shares of NYSE HLI traded up $0.25 during midday trading on Thursday, reaching $151.45. 222,045 shares of the company were exchanged, compared to its average volume of 324,079. Houlihan Lokey has a one year low of $94.67 and a one year high of $157.58. The stock has a market cap of $10.39 billion, a P/E ratio of 36.85 and a beta of 0.67. The stock's 50-day moving average price is $148.25 and its 200-day moving average price is $136.21.

Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share for the quarter, hitting analysts' consensus estimates of $1.22. The business had revenue of $514.00 million for the quarter, compared to analyst estimates of $508.70 million. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. Houlihan Lokey's quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS. On average, equities research analysts anticipate that Houlihan Lokey will post 5.64 EPS for the current year.

Insider Activity at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 1,000 shares of the company's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $155.29, for a total transaction of $155,290.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Houlihan Lokey news, Chairman Irwin Gold sold 9,902 shares of the firm's stock in a transaction on Friday, June 28th. The shares were sold at an average price of $135.25, for a total value of $1,339,245.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total transaction of $155,290.00. The disclosure for this sale can be found here. Insiders have sold a total of 19,419 shares of company stock worth $2,788,303 over the last quarter. Company insiders own 25.97% of the company's stock.

Institutional Trading of Houlihan Lokey

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Houlihan Lokey by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 5,104,143 shares of the financial services provider's stock valued at $654,300,000 after purchasing an additional 29,843 shares in the last quarter. Earnest Partners LLC increased its position in shares of Houlihan Lokey by 1.9% during the second quarter. Earnest Partners LLC now owns 3,273,818 shares of the financial services provider's stock worth $441,507,000 after acquiring an additional 62,314 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings 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 acquiring an additional 38,155 shares during the last quarter. Burgundy Asset Management Ltd. lifted its position in Houlihan Lokey by 2.8% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,714,480 shares of the financial services provider's stock valued at $205,583,000 after acquiring an additional 46,443 shares in the last quarter. Finally, Fiduciary Management Inc. WI boosted its stake in Houlihan Lokey by 3.4% during the 4th quarter. Fiduciary Management Inc. WI now owns 1,195,597 shares of the financial services provider's stock valued at $143,364,000 after purchasing an additional 39,705 shares during the last quarter. 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.