Houlihan Lokey, Inc. (NYSE:HLI) Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. boosted its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 731.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 347,469 shares of the financial services provider’s stock after purchasing an additional 305,685 shares during the quarter. Prudential Financial Inc. owned approximately 0.50% of Houlihan Lokey worth $60,341,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Houlihan Lokey by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 5,265,574 shares of the financial services provider’s stock worth $914,420,000 after buying an additional 98,495 shares during the period. State Street Corp increased its position in shares of Houlihan Lokey by 1.3% in the 3rd quarter. State Street Corp now owns 1,615,467 shares of the financial services provider’s stock valued at $255,276,000 after purchasing an additional 21,106 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Houlihan Lokey by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 970,559 shares of the financial services provider’s stock valued at $153,405,000 after purchasing an additional 26,564 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Houlihan Lokey during the 4th quarter worth $143,559,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Houlihan Lokey by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 602,956 shares of the financial services provider’s stock worth $104,709,000 after purchasing an additional 1,931 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price target on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. UBS Group upped their price target on Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. StockNews.com cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Morgan Stanley upgraded shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and lowered their target price for the company from $201.00 to $190.00 in a report on Thursday, March 13th. Finally, JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Houlihan Lokey presently has an average rating of “Hold” and a consensus price target of $192.00.

Houlihan Lokey Price Performance

Shares of Houlihan Lokey stock opened at $166.89 on Tuesday. The firm’s fifty day simple moving average is $173.15 and its 200-day simple moving average is $172.45. Houlihan Lokey, Inc. has a 12 month low of $122.14 and a 12 month high of $192.10. The stock has a market capitalization of $11.71 billion, a price-to-earnings ratio of 31.85 and a beta of 0.72.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, beating 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%. Analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed 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 was Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.37%. Houlihan Lokey’s payout ratio is 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.