Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 17.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,847 shares of the financial services provider's stock after buying an additional 2,033 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Houlihan Lokey were worth $2,405,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Private Trust Co. NA purchased a new position in Houlihan Lokey in the fourth quarter worth about $29,000. Financial Life Planners purchased a new position in Houlihan Lokey in the fourth quarter worth about $33,000. Golden State Wealth Management LLC purchased a new position in Houlihan Lokey in the fourth quarter worth about $53,000. VisionPoint Advisory Group LLC purchased a new position in shares of Houlihan Lokey during the 4th quarter valued at about $62,000. Finally, First Horizon Advisors Inc. lifted its position in shares of 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 buying an additional 198 shares in the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on HLI shares. JPMorgan Chase & Co. lowered their price objective on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $192.00 price objective (up from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. JMP Securities reissued a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Morgan Stanley raised Houlihan Lokey from an "underweight" rating to an "overweight" rating and lowered their price target for the stock from $201.00 to $190.00 in a report on Thursday, March 13th. Finally, Wells Fargo & Company raised Houlihan Lokey from an "underweight" rating to an "overweight" rating and lowered their price target for the stock from $180.00 to $179.00 in a report on Tuesday, March 11th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Houlihan Lokey presently has an average rating of "Hold" and a consensus price target of $192.00.

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Houlihan Lokey Stock Performance

NYSE:HLI traded down $0.50 during trading hours on Thursday, reaching $162.33. The stock had a trading volume of 380,219 shares, compared to its average volume of 326,127. Houlihan Lokey, Inc. has a 52 week low of $121.81 and a 52 week high of $192.10. The company has a 50 day moving average price of $173.44 and a two-hundred day moving average price of $172.08. The stock has a market capitalization of $11.39 billion, a PE ratio of 30.98 and a beta of 0.72.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping 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 research analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Monday, March 3rd. Houlihan Lokey's dividend payout ratio is currently 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.