Houlihan Lokey, Inc. (NYSE:HLI) Stock Position Decreased by Truist Financial Corp

Truist Financial Corp cut its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,295 shares of the financial services provider’s stock after selling 464 shares during the period. Truist Financial Corp’s holdings in Houlihan Lokey were worth $2,135,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Life Planners purchased a new stake in shares of Houlihan Lokey during the 4th quarter worth about $33,000. Golden State Wealth Management LLC bought a new position in shares of Houlihan Lokey in the 4th quarter valued at approximately $53,000. First Horizon Advisors Inc. raised its stake in shares of Houlihan Lokey by 81.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 198 shares in the last quarter. Quarry LP bought a new position in shares of Houlihan Lokey in the 3rd quarter valued at approximately $76,000. Finally, Quest Partners LLC bought a new position in shares of Houlihan Lokey in the 3rd quarter valued at approximately $92,000. 78.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HLI. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $192.00 price objective (up from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Wells Fargo & Company lifted their price target on Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. cut their price target on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Finally, Morgan Stanley upped their price target on Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Houlihan Lokey has an average rating of “Hold” and an average price target of $194.40.

Houlihan Lokey Trading Up 1.9 %

HLI opened at $170.63 on Thursday. The stock has a market cap of $11.97 billion, a PE ratio of 32.56 and a beta of 0.69. Houlihan Lokey, Inc. has a 1 year low of $121.81 and a 1 year high of $192.10. The stock’s 50 day simple moving average is $177.08 and its 200-day simple moving average is $171.15.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, beating 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 forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders 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 yield of 1.34%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio (DPR) is 43.51%.

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.