Houlihan Lokey (NYSE:HLI) Given New $169.00 Price Target at JPMorgan Chase & Co.

Houlihan Lokey (NYSE:HLI) had its price target cut by equities research analysts at JPMorgan Chase & Co. from $172.00 to $169.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 8.23% from the company’s previous close.

Other research analysts also recently issued research reports about the company. StockNews.com upgraded Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Tuesday. Morgan Stanley cut shares of Houlihan Lokey from an “equal weight” rating to an “underweight” rating and lifted their target price for the company from $171.00 to $200.00 in a report on Monday, December 9th. Keefe, Bruyette & Woods reduced their price target on shares of Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating for the company in a research report on Monday, January 13th. UBS Group raised their price objective on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company reduced their target price on shares of Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Houlihan Lokey presently has a consensus rating of “Hold” and an average price target of $181.40.

Houlihan Lokey Trading Up 2.0 %

Shares of Houlihan Lokey stock opened at $184.16 on Wednesday. The company has a fifty day simple moving average of $179.23 and a 200-day simple moving average of $166.59. Houlihan Lokey has a 12-month low of $119.28 and a 12-month high of $192.10. The stock has a market cap of $12.80 billion, a price-to-earnings ratio of 37.66 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. On average, analysts forecast that Houlihan Lokey will post 5.74 earnings per share for the current fiscal year.

Institutional Trading of Houlihan Lokey

Several hedge funds and other institutional investors have recently made changes to their positions in HLI. Fiera Capital Corp lifted its holdings in shares of Houlihan Lokey by 666.8% in the 3rd quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider’s stock valued at $44,831,000 after buying an additional 246,705 shares during the period. Jennison Associates LLC raised its position in Houlihan Lokey by 341.0% in the fourth quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider’s stock worth $53,366,000 after acquiring an additional 237,615 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in Houlihan Lokey in the third quarter valued at $24,177,000. Charles Schwab Investment Management Inc. lifted its holdings in Houlihan Lokey by 33.0% in 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 acquiring an additional 149,114 shares during the period. Finally, Eagle Asset Management Inc. boosted its position in shares of Houlihan Lokey by 23.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider’s stock worth $109,525,000 after purchasing an additional 132,516 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

About Houlihan Lokey

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.