Houlihan Lokey, Inc. (NYSE:HLI) Stock Holdings Decreased by PineStone Asset Management Inc.

PineStone Asset Management Inc. lessened its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 18.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,995 shares of the financial services provider's stock after selling 14,200 shares during the period. PineStone Asset Management Inc. owned 0.09% of Houlihan Lokey worth $10,592,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. State Street Corp lifted its holdings in shares of Houlihan Lokey by 1.3% in the third quarter. State Street Corp now owns 1,615,467 shares of the financial services provider's stock valued at $255,276,000 after purchasing an additional 21,106 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Houlihan Lokey by 2.8% in the third quarter. Geode Capital Management LLC now owns 970,559 shares of the financial services provider's stock valued at $153,405,000 after purchasing an additional 26,564 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of Houlihan Lokey by 23.6% in the third quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider's stock valued at $109,525,000 after purchasing an additional 132,516 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Houlihan Lokey by 33.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider's stock valued at $94,974,000 after purchasing an additional 149,114 shares in the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of Houlihan Lokey by 2.5% in the third quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider's stock valued at $63,111,000 after purchasing an additional 9,768 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company's stock.

Houlihan Lokey Trading Up 0.6 %

NYSE HLI traded up $1.05 during trading hours on Wednesday, reaching $182.72. 299,086 shares of the company traded hands, compared to its average volume of 414,225. The company has a 50 day moving average of $177.69 and a two-hundred day moving average of $170.30. Houlihan Lokey, Inc. has a 12 month low of $121.81 and a 12 month high of $192.10. The stock has a market capitalization of $12.82 billion, a PE ratio of 34.87 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (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%. On average, equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.57 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.25%. Houlihan Lokey's dividend payout ratio (DPR) is 43.51%.

Analyst Upgrades and Downgrades

HLI has been the subject of a number of analyst reports. StockNews.com raised shares of Houlihan Lokey from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. UBS Group boosted their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. Morgan Stanley upped their price target on shares of Houlihan Lokey from $200.00 to $201.00 and gave the stock an "underweight" rating in a research report on Wednesday, January 29th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $194.40.

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.