Thrivent Financial for Lutherans Decreases Position in Houlihan Lokey, Inc. (NYSE:HLI)

Thrivent Financial for Lutherans reduced its position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 28.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 711,604 shares of the financial services provider's stock after selling 282,371 shares during the period. Thrivent Financial for Lutherans owned about 1.02% of Houlihan Lokey worth $112,448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Strategic Wealth Investment Group LLC raised its position in Houlihan Lokey by 0.8% during the 3rd quarter. Strategic Wealth Investment Group LLC now owns 8,103 shares of the financial services provider's stock worth $1,293,000 after purchasing an additional 62 shares during the last quarter. UMB Bank n.a. raised its position in shares of Houlihan Lokey by 12.6% during the third quarter. UMB Bank n.a. now owns 857 shares of the financial services provider's stock worth $135,000 after acquiring an additional 96 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Houlihan Lokey by 0.5% during the first quarter. Ameritas Investment Partners Inc. now owns 18,293 shares of the financial services provider's stock worth $2,345,000 after acquiring an additional 97 shares during the last quarter. New York State Teachers Retirement System lifted its stake in shares of Houlihan Lokey by 0.6% in the third quarter. New York State Teachers Retirement System now owns 17,238 shares of the financial services provider's stock worth $2,724,000 after acquiring an additional 100 shares during the period. Finally, Park Avenue Securities LLC boosted its holdings in Houlihan Lokey by 1.4% in the second quarter. Park Avenue Securities LLC now owns 8,532 shares of the financial services provider's stock valued at $1,151,000 after acquiring an additional 120 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors.

Houlihan Lokey Stock Up 0.0 %

NYSE:HLI traded up $0.04 during trading hours on Friday, reaching $184.12. The company had a trading volume of 249,970 shares, compared to its average volume of 342,375. The business's 50-day simple moving average is $166.88 and its two-hundred day simple moving average is $149.81. Houlihan Lokey, Inc. has a twelve month low of $102.29 and a twelve month high of $190.66. The firm has a market cap of $12.80 billion, a price-to-earnings ratio of 37.65 and a beta of 0.65.

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

Houlihan Lokey Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd 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 1.24%. The ex-dividend date of this dividend is Monday, December 2nd. Houlihan Lokey's payout ratio is 46.63%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Keefe, Bruyette & Woods restated a "market perform" rating and set a $154.00 price target (up previously from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. UBS Group lifted their target price on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. StockNews.com raised shares of Houlihan Lokey from a "hold" rating to a "buy" rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. lowered their price objective on Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating for the company in a research report on Wednesday, July 31st. Finally, Morgan Stanley upped their target price on Houlihan Lokey from $146.00 to $163.00 and gave the company an "equal weight" rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Houlihan Lokey has an average rating of "Hold" and a consensus price target of $157.00.

Insider Buying and Selling

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $152.28, for a total transaction of $30,456.00. Following the completion of the transaction, the director now owns 6,801 shares in the company, valued at approximately $1,035,656.28. The trade was a 2.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Christopher M. Crain sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $155.29, for a total value of $155,290.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,600 shares of company stock worth $249,860 in the last ninety days. Corporate insiders own 23.68% of the company's stock.

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.