Houlihan Lokey, Inc. (NYSE:HLI) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,458 shares of the financial services provider’s stock after purchasing an additional 1,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in Houlihan Lokey were worth $2,337,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of HLI. State Street Corp raised its position in Houlihan Lokey by 1.3% during the 3rd quarter. State Street Corp now owns 1,615,467 shares of the financial services provider’s stock worth $255,276,000 after buying an additional 21,106 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Houlihan Lokey by 2.8% during the third quarter. Geode Capital Management LLC now owns 970,559 shares of the financial services provider’s stock worth $153,405,000 after acquiring an additional 26,564 shares during the period. Eagle Asset Management Inc. raised its stake 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 buying an additional 132,516 shares in the last quarter. 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, Natixis Advisors LLC boosted its holdings in Houlihan Lokey by 2.5% during the third quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider’s stock worth $63,111,000 after buying an additional 9,768 shares in the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on HLI shares. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. UBS Group increased their price target on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Morgan Stanley lifted their price objective on Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company increased their target price on Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $194.40.

Houlihan Lokey Trading Down 0.3 %

Shares of HLI opened at $170.68 on Tuesday. Houlihan Lokey, Inc. has a twelve month low of $121.81 and a twelve month high of $192.10. The firm has a market capitalization of $11.97 billion, a P/E ratio of 32.57 and a beta of 0.69. The stock’s fifty day simple moving average is $177.30 and its 200 day simple moving average is $171.03.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, topping 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%. Sell-side analysts predict 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. Shareholders 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 yield of 1.34%. Houlihan Lokey’s dividend payout ratio (DPR) is 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.