Houlihan Lokey, Inc. (NYSE:HLI) Holdings Lifted by State Street Corp

State Street Corp increased its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,615,467 shares of the financial services provider's stock after purchasing an additional 21,106 shares during the period. State Street Corp owned 2.32% of Houlihan Lokey worth $255,276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Crewe Advisors LLC lifted its position in shares of Houlihan Lokey by 264.5% during the second quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider's stock worth $30,000 after purchasing an additional 164 shares in the last quarter. Wolff Wiese Magana LLC purchased a new stake in Houlihan Lokey during the 3rd quarter worth $38,000. Ashton Thomas Private Wealth LLC acquired a new position in Houlihan Lokey in the 2nd quarter worth $38,000. First Horizon Advisors Inc. boosted its position in Houlihan Lokey by 81.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider's stock valued at $70,000 after buying an additional 198 shares during the last quarter. Finally, Quarry LP purchased a new position in Houlihan Lokey in the 3rd quarter valued at about $76,000. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Gillian Beth Zucker sold 200 shares of the firm's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $168.08, for a total value of $33,616.00. Following the sale, the director now owns 6,601 shares of the company's stock, valued at approximately $1,109,496.08. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 23.68% of the company's stock.

Houlihan Lokey Trading Up 0.7 %

Houlihan Lokey stock traded up $1.22 during midday trading on Thursday, hitting $180.00. The stock had a trading volume of 273,968 shares, compared to its average volume of 319,976. The business has a fifty day moving average price of $177.60 and a 200 day moving average price of $156.32. Houlihan Lokey, Inc. has a 12 month low of $112.17 and a 12 month high of $192.10. The stock has a market cap of $12.51 billion, a P/E ratio of 36.81 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.15. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The business had revenue of $574.96 million during the quarter, compared to the consensus estimate of $537.93 million. During the same period in the previous year, the business earned $1.11 EPS. The business's quarterly revenue was up 23.1% on a year-over-year basis. On average, equities analysts anticipate that Houlihan Lokey, Inc. will post 5.79 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be given a $0.57 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.27%. Houlihan Lokey's payout ratio is currently 46.63%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HLI. UBS Group lifted their target price on Houlihan Lokey from $170.00 to $190.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Wells Fargo & Company lifted their price objective on Houlihan Lokey from $157.00 to $180.00 and gave the stock an "underweight" rating in a report on Thursday. StockNews.com lowered Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Finally, Morgan Stanley downgraded shares of Houlihan Lokey from an "equal weight" rating to an "underweight" rating and raised their price target for the stock from $171.00 to $200.00 in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Houlihan Lokey currently has a consensus rating of "Hold" and a consensus target price of $170.60.

About Houlihan Lokey

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.