Nisa Investment Advisors LLC Raises Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Nisa Investment Advisors LLC lifted its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 12.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,387 shares of the financial services provider’s stock after purchasing an additional 150 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Houlihan Lokey were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp boosted its stake in Houlihan Lokey by 1.3% during the third quarter. State Street Corp now owns 1,615,467 shares of the financial services provider’s stock worth $255,276,000 after buying an additional 21,106 shares during the period. Geode Capital Management LLC raised its position in Houlihan Lokey by 2.8% in the third quarter. Geode Capital Management LLC now owns 970,559 shares of the financial services provider’s stock valued at $153,405,000 after purchasing an additional 26,564 shares during the period. Eagle Asset Management Inc. lifted its stake in Houlihan Lokey by 23.6% during the third quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider’s stock worth $109,525,000 after purchasing an additional 132,516 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Houlihan Lokey by 33.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock worth $94,974,000 after buying an additional 149,114 shares during the period. Finally, Natixis Advisors LLC grew its stake in shares of Houlihan Lokey by 2.5% in the third quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider’s stock valued at $63,111,000 after buying an additional 9,768 shares in the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

Houlihan Lokey Stock Performance

NYSE:HLI opened at $180.16 on Thursday. Houlihan Lokey, Inc. has a 1 year low of $119.28 and a 1 year high of $192.10. The stock has a market cap of $12.52 billion, a P/E ratio of 36.84 and a beta of 0.69. The stock has a 50-day simple moving average of $179.10 and a 200-day simple moving average of $166.69.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. On average, equities research analysts predict that Houlihan Lokey, Inc. will post 5.74 EPS for the current year.

Houlihan Lokey Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio (DPR) is 43.51%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lowered their target price on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday. UBS Group upped their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday. Wells Fargo & Company raised their price target on shares of Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a research report on Wednesday. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday. Finally, StockNews.com raised Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $194.40.

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.