Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 25.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,907 shares of the financial services provider's stock after selling 23,334 shares during the period. Segall Bryant & Hamill LLC owned about 0.10% of Houlihan Lokey worth $12,140,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HLI. Raymond James Financial Inc. bought a new stake in shares of Houlihan Lokey during the 4th quarter worth $143,559,000. Prudential Financial Inc. raised its position in shares of Houlihan Lokey by 731.6% in the fourth quarter. Prudential Financial Inc. now owns 347,469 shares of the financial services provider's stock worth $60,341,000 after buying an additional 305,685 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Houlihan Lokey by 341.0% in the 4th quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider's stock valued at $53,366,000 after acquiring an additional 237,615 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in Houlihan Lokey during the third quarter valued at approximately $24,177,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Houlihan Lokey by 33.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider's stock worth $94,974,000 after acquiring an additional 149,114 shares during the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. StockNews.com cut Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Morgan Stanley raised Houlihan Lokey from an "underweight" rating to an "overweight" rating and reduced their price target for the stock from $201.00 to $190.00 in a research note on Thursday, March 13th. JPMorgan Chase & Co. lowered their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company 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 research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Houlihan Lokey currently has an average rating of "Hold" and an average price target of $192.00.

Houlihan Lokey Trading Down 1.8 %

HLI traded down $2.88 during trading hours on Friday, hitting $157.98. The company's stock had a trading volume of 461,147 shares, compared to its average volume of 337,562. The business's 50-day moving average price is $172.13 and its 200-day moving average price is $172.78. Houlihan Lokey, Inc. has a 12 month low of $122.14 and a 12 month high of $192.10. The stock has a market cap of $11.08 billion, a price-to-earnings ratio of 30.15 and a beta of 0.72.

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 (EPS) 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%. On average, analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Monday, March 3rd. 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.