Steward Partners Investment Advisory LLC Sells 70 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Steward Partners Investment Advisory LLC cut its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,411 shares of the financial services provider’s stock after selling 70 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Houlihan Lokey were worth $245,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Janney Montgomery Scott LLC grew its holdings in Houlihan Lokey by 110.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 4,955 shares of the financial services provider’s stock valued at $783,000 after purchasing an additional 2,606 shares during the last quarter. Assetmark Inc. grew its holdings in Houlihan Lokey by 2,482.4% during the 3rd quarter. Assetmark Inc. now owns 9,813 shares of the financial services provider’s stock valued at $1,551,000 after purchasing an additional 9,433 shares during the last quarter. Axxcess Wealth Management LLC bought a new position in Houlihan Lokey during the 3rd quarter valued at about $254,000. Crossmark Global Holdings Inc. grew its holdings in Houlihan Lokey by 25.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,688 shares of the financial services provider’s stock valued at $741,000 after purchasing an additional 944 shares during the last quarter. Finally, Entropy Technologies LP grew its holdings in Houlihan Lokey by 94.7% during the 3rd quarter. Entropy Technologies LP now owns 3,100 shares of the financial services provider’s stock valued at $490,000 after purchasing an additional 1,508 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors.

Houlihan Lokey Price Performance

Houlihan Lokey stock opened at $159.02 on Friday. The firm has a 50-day moving average of $174.29 and a two-hundred day moving average of $171.77. Houlihan Lokey, Inc. has a 1 year low of $121.81 and a 1 year high of $192.10. The stock has a market cap of $11.15 billion, a price-to-earnings ratio of 30.35 and a beta of 0.72.

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, 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%. Research analysts expect 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 given a $0.57 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.43%. Houlihan Lokey’s payout ratio is presently 43.51%.

Wall Street Analysts Forecast Growth

HLI has been the topic of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Wells Fargo & Company upgraded shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and cut their price target for the company from $180.00 to $179.00 in a report on Tuesday. StockNews.com downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. 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 report on Wednesday, January 29th. Finally, JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Houlihan Lokey currently has a consensus rating of “Hold” and an average target price of $192.00.

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.