Houlihan Lokey, Inc. (NYSE:HLI) Stake Boosted by Whittier Trust Co.

Whittier Trust Co. boosted its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,610 shares of the financial services provider’s stock after buying an additional 2,614 shares during the period. Whittier Trust Co. owned about 0.10% of Houlihan Lokey worth $11,567,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in shares of Houlihan Lokey by 59.3% in the third quarter. Victory Capital Management Inc. now owns 71,269 shares of the financial services provider’s stock valued at $11,262,000 after purchasing an additional 26,522 shares in the last quarter. Quest Partners LLC purchased a new stake in Houlihan Lokey in the 3rd quarter worth about $92,000. Pathstone Holdings LLC boosted its position in 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 acquiring an additional 115 shares during the period. PNC Financial Services Group Inc. grew its stake in Houlihan Lokey by 2.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 13,945 shares of the financial services provider’s stock valued at $2,204,000 after acquiring an additional 387 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Houlihan Lokey by 81.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 198 shares during the period. 78.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $192.00 price objective (up from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. UBS Group increased their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Finally, StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $192.00.

Houlihan Lokey Trading Down 0.3 %

HLI stock opened at $162.33 on Friday. The firm has a market cap of $11.39 billion, a PE ratio of 30.98 and a beta of 0.72. Houlihan Lokey, Inc. has a 1 year low of $122.14 and a 1 year high of $192.10. The company has a fifty day simple moving average of $173.22 and a 200 day simple moving average of $172.01.

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 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%. As a group, analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.40%. Houlihan Lokey’s payout ratio is currently 43.51%.

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.