Victory Capital Management Inc. Trims Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Victory Capital Management Inc. lessened its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 12.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,747 shares of the financial services provider’s stock after selling 6,191 shares during the quarter. Victory Capital Management Inc. owned 0.07% of Houlihan Lokey worth $6,035,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Houlihan Lokey in the 4th quarter worth approximately $70,225,000. Capital International Investors lifted its stake in Houlihan Lokey by 56.7% during the fourth quarter. Capital International Investors now owns 792,073 shares of the financial services provider’s stock worth $94,977,000 after purchasing an additional 286,746 shares in the last quarter. Sei Investments Co. boosted its position in shares of Houlihan Lokey by 39.1% during the fourth quarter. Sei Investments Co. now owns 693,248 shares of the financial services provider’s stock worth $83,128,000 after buying an additional 194,867 shares during the period. Principal Financial Group Inc. grew its stake in shares of Houlihan Lokey by 819.2% in the fourth quarter. Principal Financial Group Inc. now owns 216,186 shares of the financial services provider’s stock valued at $25,923,000 after buying an additional 192,668 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Houlihan Lokey by 87.2% in the 1st quarter. Jennison Associates LLC now owns 347,165 shares of the financial services provider’s stock valued at $44,503,000 after buying an additional 161,753 shares during the period. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods restated a “market perform” rating and set a $154.00 target price (up from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. Wells Fargo & Company started coverage on shares of Houlihan Lokey in a research note on Thursday. They issued an “underweight” rating and a $149.00 price objective for the company. UBS Group upped their target price on shares of Houlihan Lokey from $157.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. reduced their target price on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Finally, Morgan Stanley boosted their price target on shares of Houlihan Lokey from $131.00 to $148.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $150.00.

Houlihan Lokey Stock Up 1.7 %

NYSE HLI opened at $154.08 on Monday. Houlihan Lokey, Inc. has a 52 week low of $94.67 and a 52 week high of $157.58. The firm has a 50 day moving average of $148.61 and a two-hundred day moving average of $136.47. The stock has a market capitalization of $10.71 billion, a PE ratio of 37.49 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $1.22 EPS for the quarter, hitting analysts’ consensus estimates of $1.22. Houlihan Lokey had a net margin of 15.30% and a return on equity of 18.80%. The firm had revenue of $514.00 million during the quarter, compared to the consensus estimate of $508.70 million. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The company’s revenue was up 23.6% compared to the same quarter last year. On average, equities research analysts expect that Houlihan Lokey, Inc. will post 5.64 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Tuesday, September 3rd were issued a $0.57 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.48%. Houlihan Lokey’s payout ratio is currently 55.47%.

Insider Transactions at Houlihan Lokey

In related news, Chairman Irwin Gold sold 9,902 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $135.25, for a total value of $1,339,245.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman Irwin Gold sold 9,902 shares of Houlihan Lokey stock in a transaction on Friday, June 28th. The shares were sold at an average price of $135.25, for a total transaction of $1,339,245.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gillian Beth Zucker sold 200 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $152.49, for a total transaction of $30,498.00. Following the completion of the sale, the director now directly owns 7,001 shares of the company’s stock, valued at $1,067,582.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,619 shares of company stock valued at $2,818,759. Corporate insiders own 25.97% of the company’s stock.

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.