Choreo LLC Trims Position in Houlihan Lokey, Inc. (NYSE:HLI)

Choreo LLC lowered its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 24.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,219 shares of the financial services provider’s stock after selling 392 shares during the period. Choreo LLC’s holdings in Houlihan Lokey were worth $212,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Fiera Capital Corp lifted its holdings in shares of Houlihan Lokey by 666.8% in the 3rd quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider’s stock worth $44,831,000 after acquiring an additional 246,705 shares during the last quarter. Jennison Associates LLC lifted its position in Houlihan Lokey by 341.0% in the fourth quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider’s stock valued at $53,366,000 after purchasing an additional 237,615 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Houlihan Lokey during the third quarter valued at approximately $24,177,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Houlihan Lokey by 33.0% in 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 purchasing an additional 149,114 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its stake in shares of Houlihan Lokey by 23.6% in the third quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider’s stock worth $109,525,000 after buying an additional 132,516 shares during the period. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Trading Down 0.1 %

NYSE:HLI opened at $178.27 on Friday. The company has a market capitalization of $12.39 billion, a P/E ratio of 34.02 and a beta of 0.69. The business’s 50-day moving average is $177.57 and its 200 day moving average is $169.60. Houlihan Lokey, Inc. has a 12 month low of $121.81 and a 12 month high of $192.10.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. On average, research analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be issued a $0.57 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.28%. Houlihan Lokey’s payout ratio is 43.51%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods reissued 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. Wells Fargo & Company boosted their price objective on shares of Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Finally, Morgan Stanley boosted their target price 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $194.40.

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.