UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $26.20 Million Stake in Houlihan Lokey, Inc. (NYSE:HLI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 6.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 165,783 shares of the financial services provider's stock after selling 12,370 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.24% of Houlihan Lokey worth $26,197,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in Houlihan Lokey in the 2nd quarter worth about $1,844,000. Bridges Investment Management Inc. bought a new position in Houlihan Lokey in the 2nd quarter worth approximately $619,000. XTX Topco Ltd acquired a new stake in Houlihan Lokey in the 2nd quarter valued at approximately $687,000. Natixis Advisors LLC raised its stake in Houlihan Lokey by 2.5% during the 3rd quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider's stock valued at $63,111,000 after acquiring an additional 9,768 shares in the last quarter. Finally, &PARTNERS bought a new position in shares of Houlihan Lokey in the second quarter worth $454,000. Institutional investors and hedge funds own 78.07% of the company's stock.

Houlihan Lokey Trading Up 0.5 %

NYSE HLI traded up $1.00 during trading on Thursday, reaching $186.35. The company's stock had a trading volume of 54,728 shares, compared to its average volume of 318,429. The stock has a market capitalization of $12.95 billion, a PE ratio of 37.88 and a beta of 0.67. Houlihan Lokey, Inc. has a 1-year low of $112.17 and a 1-year high of $192.10. The business has a 50-day moving average price of $174.92 and a 200-day moving average price of $154.55.

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

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.28 annualized dividend and a yield of 1.22%. Houlihan Lokey's dividend payout ratio (DPR) is presently 46.63%.

Insider Activity

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction on Monday, October 14th. The shares were sold at an average price of $168.08, for a total transaction of $33,616.00. Following the sale, the director now owns 6,601 shares in the company, valued at $1,109,496.08. The trade was a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 23.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HLI. StockNews.com downgraded shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. UBS Group increased their price target on Houlihan Lokey from $170.00 to $190.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Wells Fargo & Company began coverage on Houlihan Lokey in a research note on Thursday, September 12th. They issued an "underweight" rating and a $149.00 price objective on the stock. Finally, Morgan Stanley raised their target price on Houlihan Lokey from $146.00 to $163.00 and gave the company an "equal weight" rating in a research note on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Houlihan Lokey presently has an average rating of "Hold" and a consensus price target of $157.00.

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.