Houlihan Lokey (NYSE:HLI) Given New $170.00 Price Target at Wells Fargo & Company

Houlihan Lokey (NYSE:HLI - Get Free Report) had its target price dropped by investment analysts at Wells Fargo & Company from $179.00 to $170.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the financial services provider's stock. Wells Fargo & Company's price objective would suggest a potential upside of 12.36% from the stock's previous close.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. decreased their price objective 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. Morgan Stanley dropped their target price on shares of Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a report on Monday, April 7th. JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. StockNews.com downgraded Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Houlihan Lokey currently has an average rating of "Hold" and an average target price of $183.40.

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Houlihan Lokey Stock Up 0.8 %

Shares of HLI traded up $1.16 during trading hours on Tuesday, reaching $151.31. 360,287 shares of the company traded hands, compared to its average volume of 349,892. Houlihan Lokey has a 12 month low of $122.14 and a 12 month high of $192.10. The company has a market capitalization of $10.61 billion, a price-to-earnings ratio of 28.88 and a beta of 0.84. The company's fifty day moving average price is $164.89 and its two-hundred day moving average price is $172.24.

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

Hedge Funds Weigh In On Houlihan Lokey

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Houlihan Lokey by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 5,265,574 shares of the financial services provider's stock valued at $914,420,000 after acquiring an additional 98,495 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Houlihan Lokey by 6.8% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,281,294 shares of the financial services provider's stock valued at $569,830,000 after buying an additional 208,851 shares during the last quarter. FMR LLC lifted its stake in shares of Houlihan Lokey by 9.4% in the 4th quarter. FMR LLC now owns 1,875,220 shares of the financial services provider's stock valued at $325,651,000 after purchasing an additional 161,647 shares during the period. State Street Corp grew its stake in Houlihan Lokey by 1.3% in the third quarter. State Street Corp now owns 1,615,467 shares of the financial services provider's stock valued at $255,276,000 after acquiring an additional 21,106 shares during the period. Finally, Burgundy Asset Management Ltd. boosted its position in shares of Houlihan Lokey by 1.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,251,831 shares of the financial services provider's stock valued at $217,393,000 after buying an additional 20,354 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

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.