Houlihan Lokey, Inc. (NYSE:HLI) Position Increased by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC grew its position in Houlihan Lokey, Inc. (NYSE:HLI) by 40.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,247 shares of the financial services provider’s stock after buying an additional 642 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Houlihan Lokey were worth $404,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Houlihan Lokey by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 5,265,574 shares of the financial services provider’s stock worth $914,420,000 after purchasing an additional 98,495 shares during the period. State Street Corp boosted its position in shares of Houlihan Lokey by 1.3% in the third 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 period. Geode Capital Management LLC grew its holdings 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 valued at $153,405,000 after buying an additional 26,564 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Houlihan Lokey during the fourth quarter valued at $143,559,000. Finally, Norges Bank acquired a new position in Houlihan Lokey during the fourth quarter valued at $114,047,000. 78.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HLI. Wells Fargo & Company raised Houlihan Lokey from an “underweight” rating to an “overweight” rating and lowered their target price for the company from $180.00 to $179.00 in a research note on Tuesday, March 11th. JPMorgan Chase & Co. reduced 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. Morgan Stanley upgraded shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and decreased their price target for the stock from $201.00 to $190.00 in a research report on Thursday, March 13th. StockNews.com lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, UBS Group lifted their target price on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $192.00.

Houlihan Lokey Trading Up 1.2 %

HLI stock opened at $166.11 on Thursday. Houlihan Lokey, Inc. has a 1-year low of $122.14 and a 1-year high of $192.10. The business’s 50 day moving average is $170.91 and its 200-day moving average is $172.87. The firm has a market cap of $11.65 billion, a P/E ratio of 31.70 and a beta of 0.83.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate 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 forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Monday, March 3rd. Houlihan Lokey’s dividend 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.