Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Vestcor Inc

Vestcor Inc cut its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,490 shares of the financial services provider's stock after selling 1,791 shares during the period. Vestcor Inc's holdings in Houlihan Lokey were worth $5,816,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. State Street Corp increased its stake in Houlihan Lokey by 1.3% during the 3rd quarter. State Street Corp now owns 1,615,467 shares of the financial services provider's stock valued at $255,276,000 after purchasing an additional 21,106 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Houlihan Lokey by 2.8% during the third quarter. Geode Capital Management LLC now owns 970,559 shares of the financial services provider's stock valued at $153,405,000 after buying an additional 26,564 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Houlihan Lokey in the 4th quarter valued at $143,559,000. Eagle Asset Management Inc. raised its stake in Houlihan Lokey by 23.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider's stock worth $109,525,000 after acquiring an additional 132,516 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Houlihan Lokey by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 602,956 shares of the financial services provider's stock worth $104,709,000 after acquiring an additional 1,931 shares during the period. 78.07% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

HLI has been the topic of a number of research reports. Morgan Stanley raised 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 report on Thursday, March 13th. 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 report on Wednesday, January 29th. JMP Securities reissued a "market perform" rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. UBS Group upped their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Finally, StockNews.com cut shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $192.00.

Houlihan Lokey Stock Up 0.5 %

Shares of NYSE HLI traded up $0.88 during midday trading on Tuesday, reaching $162.10. 355,011 shares of the stock were exchanged, compared to its average volume of 325,646. The firm has a market cap of $11.37 billion, a price-to-earnings ratio of 30.93 and a beta of 0.72. The firm has a 50-day simple moving average of $173.82 and a two-hundred day simple moving average of $172.10. Houlihan Lokey, Inc. has a twelve month low of $121.81 and a twelve month high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. Research analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were paid a $0.57 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.41%. Houlihan Lokey's dividend payout ratio is presently 43.51%.

About Houlihan Lokey

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.