Wealthcare Capital Partners LLC bought a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI – Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 2,294 shares of the financial services provider’s stock, valued at approximately $398,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Strategic Wealth Investment Group LLC raised its position in shares of Houlihan Lokey by 0.8% during the third quarter. Strategic Wealth Investment Group LLC now owns 8,103 shares of the financial services provider’s stock valued at $1,293,000 after buying an additional 62 shares during the last quarter. UMB Bank n.a. raised its holdings in Houlihan Lokey by 12.6% in the 3rd quarter. UMB Bank n.a. now owns 857 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 96 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of Houlihan Lokey by 0.6% in the 3rd quarter. New York State Teachers Retirement System now owns 17,238 shares of the financial services provider’s stock worth $2,724,000 after acquiring an additional 100 shares during the period. Pathstone Holdings LLC grew its holdings in shares of Houlihan Lokey by 0.5% during the 3rd quarter. Pathstone Holdings LLC now owns 21,787 shares of the financial services provider’s stock worth $3,443,000 after purchasing an additional 115 shares in the last quarter. Finally, Mather Group LLC. increased its position in shares of Houlihan Lokey by 24.8% during the fourth quarter. Mather Group LLC. now owns 584 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 116 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts recently commented on HLI shares. Morgan Stanley raised their target price on Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Wells Fargo & Company lifted their target price on shares of Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $194.40.
Houlihan Lokey Price Performance
Shares of HLI opened at $180.38 on Tuesday. The company has a market capitalization of $12.54 billion, a P/E ratio of 34.42 and a beta of 0.69. The business’s 50 day simple moving average is $178.09 and its 200-day simple moving average is $168.91. Houlihan Lokey, Inc. has a one year low of $121.81 and a one year high of $192.10.
Houlihan Lokey (NYSE:HLI – Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.
Houlihan Lokey Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.57 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.26%. Houlihan Lokey’s 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.
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