Raymond James Financial Inc. Buys New Position in Houlihan Lokey, Inc. (NYSE:HLI)

Raymond James Financial Inc. bought a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 826,666 shares of the financial services provider's stock, valued at approximately $143,559,000. Raymond James Financial Inc. owned about 1.19% of Houlihan Lokey as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in HLI. Fiera Capital Corp grew its holdings in shares of Houlihan Lokey by 666.8% during the third quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider's stock worth $44,831,000 after purchasing an additional 246,705 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Houlihan Lokey by 341.0% during the fourth quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider's stock worth $53,366,000 after purchasing an additional 237,615 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Houlihan Lokey during the third quarter worth $24,177,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Houlihan Lokey by 33.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider's stock worth $94,974,000 after purchasing an additional 149,114 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its holdings in shares of Houlihan Lokey by 23.6% during the third quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider's stock worth $109,525,000 after purchasing an additional 132,516 shares during the last quarter. Institutional investors own 78.07% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HLI shares. JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Morgan Stanley raised their price target on Houlihan Lokey from $200.00 to $201.00 and gave the company an "underweight" rating in a report on Wednesday, January 29th. Wells Fargo & Company raised their price target on Houlihan Lokey from $178.00 to $180.00 and gave the company an "underweight" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price target on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $192.00 price target (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $194.40.

Houlihan Lokey Stock Performance

NYSE:HLI traded up $0.12 during mid-day trading on Friday, hitting $157.45. The company had a trading volume of 456,960 shares, compared to its average volume of 406,645. Houlihan Lokey, Inc. has a fifty-two week low of $121.81 and a fifty-two week high of $192.10. The business's fifty day moving average is $175.66 and its two-hundred day moving average is $171.83. The firm has a market cap of $11.04 billion, a P/E ratio of 30.05 and a beta of 0.72.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its earnings results 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 return on equity of 20.04% and a net margin of 16.00%. Equities analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey's dividend payout ratio is currently 43.51%.

Houlihan Lokey 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.