TD Asset Management Inc Grows Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

TD Asset Management Inc grew its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 204.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,000 shares of the financial services provider's stock after buying an additional 4,700 shares during the period. TD Asset Management Inc's holdings in Houlihan Lokey were worth $944,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in HLI. Quantbot Technologies LP raised its holdings in Houlihan Lokey by 624.8% during the 1st quarter. Quantbot Technologies LP now owns 7,270 shares of the financial services provider's stock valued at $932,000 after buying an additional 6,267 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Houlihan Lokey by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 5,104,143 shares of the financial services provider's stock worth $654,300,000 after acquiring an additional 29,843 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Houlihan Lokey by 5.5% in the 1st quarter. Sei Investments Co. now owns 731,130 shares of the financial services provider's stock worth $93,723,000 after acquiring an additional 37,882 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Houlihan Lokey by 11.7% during the 4th quarter. Eagle Asset Management Inc. now owns 118,460 shares of the financial services provider's stock worth $14,205,000 after purchasing an additional 12,419 shares during the period. Finally, Public Employees Retirement Association of Colorado grew its holdings in Houlihan Lokey by 36.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 165,791 shares of the financial services provider's stock valued at $19,880,000 after purchasing an additional 44,558 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors.

Houlihan Lokey Stock Up 1.7 %

Shares of NYSE HLI traded up $2.63 during trading hours on Friday, hitting $154.08. 243,095 shares of the stock were exchanged, compared to its average volume of 323,621. Houlihan Lokey, Inc. has a 12 month low of $94.67 and a 12 month high of $157.58. The firm has a fifty day moving average price of $148.61 and a 200-day moving average price of $136.47. The company has a market cap of $10.71 billion, a PE ratio of 37.49 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its earnings results on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.22. The company 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%. The firm's quarterly revenue was up 23.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 EPS. As a group, equities analysts anticipate that Houlihan Lokey, Inc. will post 5.64 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 15th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Tuesday, September 3rd. Houlihan Lokey's dividend payout ratio (DPR) is presently 55.47%.

Wall Street Analyst Weigh In

HLI has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating for the company in a research note on Wednesday, July 31st. UBS Group boosted their price objective on Houlihan Lokey from $157.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $154.00 target price (up previously from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. Morgan Stanley boosted their target price on shares of Houlihan Lokey from $131.00 to $148.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 23rd. Finally, Wells Fargo & Company began coverage on shares of Houlihan Lokey in a research note on Thursday. They issued an "underweight" rating and a $149.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $150.00.

Insider Activity at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, General Counsel Christopher M. Crain sold 1,000 shares of the business's 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gillian Beth Zucker sold 200 shares of the business's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $152.49, for a total value of $30,498.00. Following the completion of the transaction, the director now directly owns 7,001 shares of the company's stock, valued at approximately $1,067,582.49. The disclosure for this sale can be found here. Insiders have sold a total of 19,619 shares of company stock valued at $2,818,759 in the last ninety days. Company insiders own 25.97% of the company's stock.

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.