Teacher Retirement System of Texas Acquires 13,026 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Teacher Retirement System of Texas raised its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 29.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 57,528 shares of the financial services provider's stock after purchasing an additional 13,026 shares during the period. Teacher Retirement System of Texas owned 0.08% of Houlihan Lokey worth $9,990,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Quest Partners LLC purchased a new position in Houlihan Lokey during the third quarter valued at approximately $92,000. Pathstone Holdings LLC increased its stake in Houlihan Lokey by 0.5% in the 3rd quarter. Pathstone Holdings LLC now owns 21,787 shares of the financial services provider's stock worth $3,443,000 after buying an additional 115 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Houlihan Lokey by 2.9% in the third quarter. PNC Financial Services Group Inc. now owns 13,945 shares of the financial services provider's stock valued at $2,204,000 after acquiring an additional 387 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Houlihan Lokey by 81.5% in the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider's stock worth $70,000 after acquiring an additional 198 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Houlihan Lokey by 33.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider's stock worth $94,974,000 after purchasing an additional 149,114 shares in the last quarter. Institutional investors own 78.07% of the company's stock.

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Houlihan Lokey Stock Down 3.0 %

HLI traded down $4.98 on Thursday, hitting $160.98. The company had a trading volume of 562,118 shares, compared to its average volume of 328,490. The business's fifty day simple moving average is $172.96 and its 200 day simple moving average is $172.54. 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 $11.29 billion, a PE ratio of 30.72 and a beta of 0.72.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released 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%. On average, analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The company also recently declared 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. The ex-dividend date was Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.42%. Houlihan Lokey's payout ratio is 43.51%.

Analyst Ratings Changes

Several research analysts have weighed in on HLI shares. Wells Fargo & Company upgraded Houlihan Lokey from an "underweight" rating to an "overweight" rating and dropped their price target for the stock from $180.00 to $179.00 in a research note on Tuesday, March 11th. JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. 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. Morgan Stanley upgraded Houlihan Lokey from an "underweight" rating to an "overweight" rating and cut their price objective for the company from $201.00 to $190.00 in a research report on Thursday, March 13th. Finally, UBS Group boosted their target price on Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Houlihan Lokey 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.