Woodley Farra Manion Portfolio Management Inc. Sells 3,812 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Woodley Farra Manion Portfolio Management Inc. trimmed its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 1.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 294,145 shares of the financial services provider's stock after selling 3,812 shares during the period. Houlihan Lokey makes up 2.5% of Woodley Farra Manion Portfolio Management Inc.'s investment portfolio, making the stock its 18th largest holding. Woodley Farra Manion Portfolio Management Inc. owned about 0.42% of Houlihan Lokey worth $51,081,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Private Trust Co. NA bought a new position in Houlihan Lokey in the fourth quarter worth approximately $29,000. Financial Life Planners acquired a new position in shares of Houlihan Lokey during the fourth quarter worth approximately $33,000. Golden State Wealth Management LLC bought a new position in shares of Houlihan Lokey in the 4th quarter worth $53,000. VisionPoint Advisory Group LLC acquired a new stake in Houlihan Lokey in the 4th quarter valued at $62,000. Finally, First Horizon Advisors Inc. increased its stake in Houlihan Lokey by 81.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 198 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of Houlihan Lokey from $200.00 to $201.00 and gave the company an "underweight" rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated 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 Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Wells Fargo & Company lifted their target price on Houlihan Lokey from $178.00 to $180.00 and gave the company an "underweight" rating in a research report on Wednesday, January 29th. Finally, UBS Group raised their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $194.40.

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Houlihan Lokey Price Performance

Shares of Houlihan Lokey stock traded down $4.99 on Thursday, reaching $157.16. 383,019 shares of the company traded hands, compared to its average volume of 405,469. The company has a 50 day moving average of $176.37 and a 200 day moving average of $171.75. Houlihan Lokey, Inc. has a 52 week low of $121.81 and a 52 week high of $192.10. The firm has a market capitalization of $11.02 billion, a PE ratio of 29.99 and a beta of 0.72.

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

Houlihan Lokey Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey's 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.