Teacher Retirement System of Texas Buys 13,026 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Teacher Retirement System of Texas increased its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 29.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,528 shares of the financial services provider’s stock after acquiring an additional 13,026 shares during the quarter. Teacher Retirement System of Texas owned 0.08% of Houlihan Lokey worth $9,990,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HLI. Raymond James Financial Inc. bought a new stake in shares of Houlihan Lokey in the 4th quarter valued at $143,559,000. Jennison Associates LLC increased its stake in shares of Houlihan Lokey by 341.0% in the 4th quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider’s stock valued at $53,366,000 after acquiring an additional 237,615 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Houlihan Lokey in the 3rd quarter valued at $24,177,000. Charles Schwab Investment Management Inc. increased its stake in shares of Houlihan Lokey by 33.0% in the 3rd 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 in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Houlihan Lokey in the 4th quarter valued at $21,613,000. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Price Performance

HLI opened at $162.74 on Friday. The company has a market capitalization of $11.42 billion, a price-to-earnings ratio of 31.06 and a beta of 0.72. The firm’s fifty day moving average price is $173.11 and its two-hundred day moving average price is $172.20. Houlihan Lokey, Inc. has a 1 year low of $122.14 and a 1 year high of $192.10.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. As a group, equities analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have commented on HLI. JPMorgan Chase & Co. decreased their price target 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. Keefe, Bruyette & Woods restated a “market perform” rating and set a $192.00 price target (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Morgan Stanley upgraded shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and decreased their price target for the company from $201.00 to $190.00 in a research note on Thursday, March 13th. Finally, Wells Fargo & Company upgraded shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and decreased their price target for the company from $180.00 to $179.00 in a research note on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $192.00.

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.