Wellington Management Group LLP Sells 350,961 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Wellington Management Group LLP trimmed its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 19.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,499,679 shares of the financial services provider's stock after selling 350,961 shares during the quarter. Wellington Management Group LLP owned about 2.14% of Houlihan Lokey worth $260,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in HLI. Glenmede Trust Co. NA lifted its stake in Houlihan Lokey by 13.1% in the third quarter. Glenmede Trust Co. NA now owns 3,618 shares of the financial services provider's stock valued at $572,000 after buying an additional 419 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Houlihan Lokey by 5.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,814 shares of the financial services provider's stock valued at $1,867,000 after acquiring an additional 645 shares during the period. Benjamin Edwards Inc. boosted its stake in Houlihan Lokey by 17,100.0% during the third quarter. Benjamin Edwards Inc. now owns 1,548 shares of the financial services provider's stock worth $245,000 after acquiring an additional 1,539 shares in the last quarter. Centiva Capital LP acquired a new stake in Houlihan Lokey in the third quarter worth $408,000. Finally, Integrated Wealth Concepts LLC increased its stake in Houlihan Lokey by 15.9% in the third quarter. Integrated Wealth Concepts LLC now owns 10,034 shares of the financial services provider's stock valued at $1,586,000 after purchasing an additional 1,380 shares in the last quarter. Institutional investors own 78.07% of the company's stock.

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Houlihan Lokey Stock Performance

HLI traded down $6.91 during mid-day trading on Friday, reaching $146.40. 779,749 shares of the stock were exchanged, compared to its average volume of 343,969. The company has a 50 day moving average price of $169.45 and a two-hundred day moving average price of $172.89. The stock has a market capitalization of $10.27 billion, a PE ratio of 27.94 and a beta of 0.83. Houlihan Lokey, Inc. has a 1 year low of $122.14 and a 1 year high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, topping 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%. Sell-side analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders 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 dividend on an annualized basis and a yield of 1.56%. Houlihan Lokey's dividend payout ratio (DPR) is presently 43.51%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HLI shares. JPMorgan Chase & Co. cut their price target on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $192.00 price target (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. StockNews.com downgraded shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. UBS Group lifted 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, Morgan Stanley upgraded shares of Houlihan Lokey from an "underweight" rating to an "overweight" rating and lowered their target price for the stock from $201.00 to $190.00 in a report on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $192.00.

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.