Houlihan Lokey, Inc. (NYSE:HLI) Shares Bought by Swiss National Bank

Swiss National Bank increased its position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,936 shares of the financial services provider's stock after buying an additional 2,400 shares during the period. Swiss National Bank owned about 0.15% of Houlihan Lokey worth $18,223,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HLI. Private Trust Co. NA bought a new position in Houlihan Lokey during the 4th quarter worth approximately $29,000. Financial Life Planners bought a new stake in Houlihan Lokey during the fourth quarter valued at $33,000. Golden State Wealth Management LLC acquired a new stake in shares of Houlihan Lokey during the fourth quarter worth $53,000. VisionPoint Advisory Group LLC bought a new position in shares of Houlihan Lokey in the 4th quarter worth about $62,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of 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 period. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Houlihan Lokey Price Performance

Shares of Houlihan Lokey stock traded up $0.63 on Wednesday, hitting $162.79. The company had a trading volume of 452,555 shares, compared to its average volume of 326,219. Houlihan Lokey, Inc. has a 52 week low of $121.81 and a 52 week high of $192.10. The company has a market cap of $11.42 billion, a PE ratio of 31.07 and a beta of 0.72. The business has a 50-day simple moving average of $173.44 and a 200-day simple moving average of $172.08.

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Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, equities research analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey's payout ratio is currently 43.51%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HLI. UBS Group lifted their target price on Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. StockNews.com downgraded shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Wells Fargo & Company upgraded shares of Houlihan Lokey from an "underweight" rating to an "overweight" rating and cut their price objective for the company from $180.00 to $179.00 in a research report on Tuesday, March 11th. Morgan Stanley raised Houlihan Lokey from an "underweight" rating to an "overweight" rating and cut their price target for the company from $201.00 to $190.00 in a report on Thursday, March 13th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $192.00 target price (up from $170.00) on shares of Houlihan Lokey in a research report 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $192.00.

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.