Houlihan Lokey (NYSE:HLI) PT Raised to $190.00

Houlihan Lokey (NYSE:HLI) had its target price increased by research analysts at UBS Group from $170.00 to $190.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. UBS Group’s price target suggests a potential upside of 15.97% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Morgan Stanley upped their price objective on Houlihan Lokey from $146.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Monday, September 23rd. Wells Fargo & Company assumed coverage on Houlihan Lokey in a research note on Thursday, September 12th. They set an “underweight” rating and a $149.00 target price for the company. JPMorgan Chase & Co. reduced their target price on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $154.00 target price (up from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $157.00.

Houlihan Lokey Stock Performance

NYSE HLI traded up $3.03 during trading hours on Tuesday, reaching $163.84. The stock had a trading volume of 51,152 shares, compared to its average volume of 322,543. The stock has a fifty day moving average of $153.64 and a 200 day moving average of $140.34. The stock has a market cap of $11.24 billion, a P/E ratio of 39.88 and a beta of 0.66. Houlihan Lokey has a 52-week low of $94.67 and a 52-week high of $163.91.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $1.22 EPS for the quarter, meeting analysts’ consensus estimates of $1.22. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. The firm had revenue of $514.00 million for the quarter, compared to analyst estimates of $508.70 million. During the same quarter in the prior year, the firm earned $0.89 earnings per share. Houlihan Lokey’s revenue for the quarter was up 23.6% on a year-over-year basis. On average, equities research analysts forecast that Houlihan Lokey will post 5.54 EPS for the current year.

Insiders Place Their Bets

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,317 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $151.89, for a total value of $1,263,269.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Gillian Beth Zucker sold 200 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $152.49, for a total transaction of $30,498.00. Following the completion of the transaction, the director now directly owns 7,001 shares in the company, valued at approximately $1,067,582.49. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Scott L. Beiser sold 8,317 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $151.89, for a total value of $1,263,269.13. The disclosure for this sale can be found here. Insiders sold 9,717 shares of company stock valued at $1,479,513 in the last three months. 25.97% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Houlihan Lokey

A number of hedge funds and other institutional investors have recently bought and sold shares of HLI. Millennium Management LLC raised its position in Houlihan Lokey by 24,074.0% in the 2nd quarter. Millennium Management LLC now owns 501,610 shares of the financial services provider’s stock valued at $67,647,000 after purchasing an additional 499,535 shares in the last quarter. Jennison Associates LLC raised its position in shares of Houlihan Lokey by 87.2% during the 1st quarter. Jennison Associates LLC now owns 347,165 shares of the financial services provider’s stock worth $44,503,000 after acquiring an additional 161,753 shares in the last quarter. Vanguard Group Inc. raised its position in shares of 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 in the last quarter. PineStone Asset Management Inc. acquired a new stake in shares of Houlihan Lokey during the 2nd quarter worth about $10,141,000. Finally, American International Group Inc. raised its position in shares of 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 in the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

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.