Houlihan Lokey, Inc. (NYSE:HLI) Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System raised its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,726 shares of the financial services provider’s stock after purchasing an additional 488 shares during the period. New York State Teachers Retirement System’s holdings in Houlihan Lokey were worth $3,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Van ECK Associates Corp raised its position in Houlihan Lokey by 43.2% in the 4th quarter. Van ECK Associates Corp now owns 46,857 shares of the financial services provider’s stock valued at $8,137,000 after purchasing an additional 14,141 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Houlihan Lokey by 1.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the financial services provider’s stock valued at $2,588,000 after acquiring an additional 200 shares during the last quarter. Wealthcare Capital Partners LLC purchased a new position in shares of Houlihan Lokey in the 4th quarter valued at about $398,000. Kestra Private Wealth Services LLC increased its holdings in shares of Houlihan Lokey by 39.5% in the 4th quarter. Kestra Private Wealth Services LLC now owns 4,433 shares of the financial services provider’s stock valued at $770,000 after acquiring an additional 1,255 shares during the last quarter. Finally, Entropy Technologies LP increased its holdings in shares of Houlihan Lokey by 142.2% in the 4th quarter. Entropy Technologies LP now owns 7,507 shares of the financial services provider’s stock valued at $1,304,000 after acquiring an additional 4,407 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Trading Down 2.7 %

Houlihan Lokey stock opened at $171.07 on Friday. Houlihan Lokey, Inc. has a twelve month low of $121.81 and a twelve month high of $192.10. The stock has a 50 day moving average of $177.48 and a two-hundred day moving average of $170.52. The stock has a market capitalization of $12.00 billion, a price-to-earnings ratio of 32.65 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share 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 analysts predict 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 1.33%. Houlihan Lokey’s dividend payout ratio is currently 43.51%.

Analyst Ratings Changes

A number of research analysts recently issued reports on HLI shares. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Wells Fargo & Company raised their price target on Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. UBS Group raised their price target on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $192.00 price target (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. dropped their price target on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $194.40.

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.