Thrivent Financial for Lutherans Trims Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Thrivent Financial for Lutherans cut its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 8.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 648,736 shares of the financial services provider's stock after selling 62,868 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.93% of Houlihan Lokey worth $112,690,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Private Trust Co. NA bought a new position in Houlihan Lokey in the 4th quarter worth approximately $29,000. Financial Life Planners bought a new position in Houlihan Lokey in the 4th quarter worth approximately $33,000. Golden State Wealth Management LLC bought a new position in Houlihan Lokey in the 4th quarter worth approximately $53,000. VisionPoint Advisory Group LLC bought a new position in Houlihan Lokey in the 4th quarter worth approximately $62,000. Finally, First Horizon Advisors Inc. boosted its stake 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 worth $70,000 after purchasing an additional 198 shares during the period. 78.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. StockNews.com downgraded Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. UBS Group increased their target price on Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Wells Fargo & Company upgraded Houlihan Lokey from an "underweight" rating to an "overweight" rating and lowered their target price for the company from $180.00 to $179.00 in a research report on Tuesday, March 11th. Finally, JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $192.00.

Remove Ads

Houlihan Lokey Price Performance

Shares of NYSE HLI traded up $0.47 during midday trading on Friday, reaching $162.74. 718,355 shares of the stock traded hands, compared to its average volume of 327,843. The company's 50 day moving average is $173.11 and its 200 day moving average is $172.05. Houlihan Lokey, Inc. has a one year low of $122.14 and a one year high of $192.10. The stock has a market capitalization of $11.42 billion, a PE ratio of 31.06 and a beta of 0.72.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its quarterly 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%. As a group, equities analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

The business 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 1.40%. Houlihan Lokey's payout ratio is presently 43.51%.

Houlihan Lokey Company 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.