Serenus Wealth Advisors LLC Makes New $280,000 Investment in Houlihan Lokey, Inc. (NYSE:HLI)

Serenus Wealth Advisors LLC bought a new position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,610 shares of the financial services provider's stock, valued at approximately $280,000.

A number of other large investors also recently modified their holdings of HLI. Fiera Capital Corp grew its holdings in Houlihan Lokey by 666.8% during the 3rd quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider's stock valued at $44,831,000 after buying an additional 246,705 shares in the last quarter. Jennison Associates LLC lifted 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 worth $53,366,000 after acquiring an additional 237,615 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in Houlihan Lokey during the third quarter valued at about $24,177,000. Charles Schwab Investment Management Inc. grew its position in 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. Finally, Eagle Asset Management Inc. increased its stake 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 worth $109,525,000 after buying an additional 132,516 shares during the period. Institutional investors own 78.07% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of Houlihan Lokey from $178.00 to $180.00 and gave the stock an "underweight" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $192.00 price objective (up from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Morgan Stanley boosted their price objective on shares of Houlihan Lokey from $200.00 to $201.00 and gave the company an "underweight" rating in a report on Wednesday, January 29th. JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $194.40.

Houlihan Lokey Trading Down 1.2 %

Shares of NYSE HLI traded down $2.16 during trading on Wednesday, reaching $177.69. 660,796 shares of the company traded hands, compared to its average volume of 426,314. The firm's fifty day simple moving average is $177.82 and its 200 day simple moving average is $169.18. The stock has a market cap of $12.35 billion, a P/E ratio of 33.91 and a beta of 0.69. Houlihan Lokey, Inc. has a 12-month low of $121.81 and a 12-month high of $192.10.

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 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%. As a group, research analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed 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 1.28%. The ex-dividend date 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.