Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Allworth Financial LP

Allworth Financial LP reduced its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 15.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 596 shares of the financial services provider’s stock after selling 108 shares during the period. Allworth Financial LP’s holdings in Houlihan Lokey were worth $111,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HLI. Fiera Capital Corp lifted its position in Houlihan Lokey by 666.8% during the third quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider’s stock valued at $44,831,000 after purchasing an additional 246,705 shares during the period. Jennison Associates LLC lifted its position in Houlihan Lokey by 341.0% during 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 period. Lord Abbett & CO. LLC acquired a new position in Houlihan Lokey during the third quarter valued at $24,177,000. Charles Schwab Investment Management Inc. lifted its position in 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 valued at $94,974,000 after purchasing an additional 149,114 shares during the period. Finally, Eagle Asset Management Inc. lifted its position 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 valued at $109,525,000 after purchasing an additional 132,516 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and set a $192.00 target price (up from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. StockNews.com upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Wells Fargo & Company upped their price objective on shares of Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Finally, Morgan Stanley upped their price objective on shares of Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Houlihan Lokey has a consensus rating of “Hold” and a consensus target price of $194.40.

Houlihan Lokey Stock Performance

Shares of Houlihan Lokey stock opened at $171.07 on Monday. The company has a market cap of $12.00 billion, a P/E ratio of 32.65 and a beta of 0.69. The firm has a 50-day simple moving average of $177.48 and a two-hundred day simple moving average of $170.88. Houlihan Lokey, Inc. has a fifty-two week low of $121.81 and a fifty-two week high of $192.10.

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

Houlihan Lokey Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.33%. Houlihan Lokey’s dividend payout ratio is currently 43.51%.

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.