Outlook Wealth Advisors LLC Makes New Investment in Houlihan Lokey, Inc. (NYSE:HLI)

Outlook Wealth Advisors LLC acquired a new position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,550 shares of the financial services provider's stock, valued at approximately $443,000.

Several other large investors have also recently modified their holdings of the company. Barclays PLC boosted its position in Houlihan Lokey by 21.4% during the third quarter. Barclays PLC now owns 36,821 shares of the financial services provider's stock worth $5,818,000 after purchasing an additional 6,483 shares in the last quarter. Bridges Investment Management Inc. acquired a new position in Houlihan Lokey during the second quarter worth $619,000. Natixis Advisors LLC increased its position in Houlihan Lokey by 2.5% during the third quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider's stock worth $63,111,000 after purchasing an additional 9,768 shares during the last quarter. XTX Topco Ltd purchased a new stake in Houlihan Lokey in the second quarter valued at $687,000. Finally, State Street Corp raised its stake in shares of Houlihan Lokey by 1.3% in the 3rd quarter. State Street Corp now owns 1,615,467 shares of the financial services provider's stock valued at $255,276,000 after acquiring an additional 21,106 shares during the period. Institutional investors own 78.07% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HLI shares. Morgan Stanley downgraded Houlihan Lokey from an "equal weight" rating to an "underweight" rating and boosted their price objective for the stock from $171.00 to $200.00 in a research report on Monday, December 9th. UBS Group lifted their price objective on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods reduced their price target on Houlihan Lokey from $172.00 to $170.00 and set a "market perform" rating for the company in a report on Monday. StockNews.com lowered shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company dropped their price target on Houlihan Lokey from $180.00 to $178.00 and set an "underweight" rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Houlihan Lokey has a consensus rating of "Hold" and an average price target of $173.40.

Houlihan Lokey Price Performance

HLI traded up $4.42 during trading on Thursday, hitting $179.73. The company had a trading volume of 257,137 shares, compared to its average volume of 409,225. The company has a market cap of $12.49 billion, a PE ratio of 36.77 and a beta of 0.69. Houlihan Lokey, Inc. has a 1-year low of $115.84 and a 1-year high of $192.10. The business has a 50-day moving average of $179.60 and a 200-day moving average of $163.41.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.15. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The firm had revenue of $574.96 million for the quarter, compared to analysts' expectations of $537.93 million. During the same period last year, the business posted $1.11 earnings per share. The firm's revenue for the quarter was up 23.1% on a year-over-year basis. Research analysts forecast that Houlihan Lokey, Inc. will post 5.74 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.28 annualized dividend and a dividend yield of 1.27%. Houlihan Lokey's dividend payout ratio is presently 46.63%.

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.