Schroder Investment Management Group Has $20.07 Million Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Schroder Investment Management Group reduced its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 115,535 shares of the financial services provider's stock after selling 2,309 shares during the quarter. Schroder Investment Management Group owned approximately 0.17% of Houlihan Lokey worth $20,068,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Private Trust Co. NA acquired a new position in Houlihan Lokey in the fourth quarter valued at approximately $29,000. Financial Life Planners acquired a new position in Houlihan Lokey during the 4th quarter valued at approximately $33,000. Golden State Wealth Management LLC bought a new position in Houlihan Lokey during the 4th quarter worth $53,000. VisionPoint Advisory Group LLC acquired a new stake in Houlihan Lokey in the fourth quarter worth $62,000. Finally, Quarry LP bought a new stake in Houlihan Lokey in the third quarter valued at $76,000. Institutional investors own 78.07% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HLI. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut 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. Wells Fargo & Company raised Houlihan Lokey from an "underweight" rating to an "overweight" rating and decreased their price objective for the stock from $180.00 to $179.00 in a report on Tuesday, March 11th. JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, UBS Group increased their price target on Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $185.20.

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Houlihan Lokey Stock Down 1.8 %

NYSE HLI traded down $2.66 on Monday, reaching $143.74. 738,288 shares of the stock traded hands, compared to its average volume of 345,540. Houlihan Lokey, Inc. has a 12 month low of $122.14 and a 12 month high of $192.10. The company has a market cap of $10.08 billion, a price-to-earnings ratio of 27.43 and a beta of 0.84. The firm's fifty day simple moving average is $168.71 and its 200 day simple moving average is $172.78.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced 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%. As a group, equities research analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were issued a $0.57 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.59%. Houlihan Lokey's 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.