Vanguard Group Inc. boosted its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,265,574 shares of the financial services provider's stock after buying an additional 98,495 shares during the quarter. Vanguard Group Inc. owned 7.58% of Houlihan Lokey worth $914,420,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HLI. CIBC Asset Management Inc boosted its holdings in Houlihan Lokey by 5.0% in the fourth quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider's stock valued at $281,000 after purchasing an additional 77 shares during the last quarter. M&T Bank Corp boosted its stake in shares of Houlihan Lokey by 2.5% during the 4th quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider's stock valued at $655,000 after buying an additional 92 shares during the last quarter. Atria Wealth Solutions Inc. grew its position in shares of Houlihan Lokey by 6.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider's stock worth $282,000 after buying an additional 95 shares in the last quarter. State of Michigan Retirement System grew its position in shares of Houlihan Lokey by 0.8% during the fourth quarter. State of Michigan Retirement System now owns 12,700 shares of the financial services provider's stock worth $2,205,000 after buying an additional 100 shares in the last quarter. Finally, Mather Group LLC. increased its stake in shares of Houlihan Lokey by 24.8% in the fourth quarter. Mather Group LLC. now owns 584 shares of the financial services provider's stock worth $101,000 after buying an additional 116 shares during the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
HLI has been the subject of several recent analyst reports. UBS Group raised their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price target on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company upgraded 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 note on Tuesday, March 11th. JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Finally, StockNews.com downgraded Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $192.00.
Read Our Latest Stock Analysis on HLI
Houlihan Lokey Price Performance
Shares of NYSE HLI traded up $0.91 during mid-day trading on Wednesday, hitting $165.01. The company had a trading volume of 48,556 shares, compared to its average volume of 338,166. Houlihan Lokey, Inc. has a 12 month low of $122.14 and a 12 month high of $192.10. The stock has a market cap of $11.57 billion, a price-to-earnings ratio of 31.49 and a beta of 0.72. The firm's 50 day simple moving average is $171.31 and its two-hundred day simple moving average is $172.92.
Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its 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%. Equities analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.
Houlihan Lokey Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey's payout ratio is 43.51%.
Houlihan Lokey Company Profile
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Free Report)
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.
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