Houlihan Lokey, Inc. (NYSE:HLI) Stake Trimmed by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 6.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,940 shares of the financial services provider’s stock after selling 1,292 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Houlihan Lokey were worth $2,151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Accent Capital Management LLC acquired a new stake in Houlihan Lokey during the 4th quarter worth about $42,000. Vanguard Group Inc. boosted its position in Houlihan Lokey by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 5,074,300 shares of the financial services provider’s stock worth $608,459,000 after acquiring an additional 143,560 shares during the period. American International Group Inc. boosted its position in Houlihan Lokey by 15,061.5% during the 4th quarter. American International Group Inc. now owns 69,743 shares of the financial services provider’s stock worth $8,363,000 after acquiring an additional 69,283 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new stake in Houlihan Lokey during the 4th quarter worth about $1,427,000. Finally, Eventide Asset Management LLC boosted its position in Houlihan Lokey by 17.1% during the 4th quarter. Eventide Asset Management LLC now owns 175,269 shares of the financial services provider’s stock worth $21,017,000 after acquiring an additional 25,637 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HLI has been the subject of a number of research reports. UBS Group decreased their price objective on Houlihan Lokey from $157.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, May 14th. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a report on Tuesday, April 9th.

Houlihan Lokey Trading Down 0.7 %

HLI stock opened at $132.80 on Friday. The firm has a market cap of $9.11 billion, a PE ratio of 32.31 and a beta of 0.65. Houlihan Lokey, Inc. has a 1 year low of $92.51 and a 1 year high of $137.92. The company has a fifty day simple moving average of $131.19 and a 200 day simple moving average of $125.90.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.07. The company had revenue of $520.46 million during the quarter, compared to the consensus estimate of $508.99 million. Houlihan Lokey had a return on equity of 18.08% and a net margin of 14.64%. The firm’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.11 EPS. As a group, analysts forecast that Houlihan Lokey, Inc. will post 5.72 EPS for the current fiscal year.

Houlihan Lokey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.57 per share. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.55. The ex-dividend date was Monday, June 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.72%. Houlihan Lokey’s dividend payout ratio is currently 55.47%.

Insider Activity

In other news, insider David A. Preiser sold 20,000 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $133.21, for a total transaction of $2,664,200.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 25.97% of the stock is currently owned by insiders.

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.