Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC trimmed its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 39.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,136 shares of the financial services provider’s stock after selling 115,845 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.26% of Houlihan Lokey worth $30,935,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Private Trust Co. NA acquired a new position in shares of Houlihan Lokey during the fourth quarter worth about $29,000. Financial Life Planners purchased a new position in Houlihan Lokey in the fourth quarter worth approximately $33,000. Golden State Wealth Management LLC acquired a new position in Houlihan Lokey during the 4th quarter worth approximately $53,000. VisionPoint Advisory Group LLC purchased a new stake in shares of Houlihan Lokey in the 4th quarter valued at approximately $62,000. Finally, Quarry LP acquired a new stake in shares of Houlihan Lokey in the 3rd quarter valued at $76,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Stock Down 4.5 %

NYSE:HLI opened at $146.40 on Friday. The company has a market capitalization of $10.27 billion, a PE ratio of 27.94 and a beta of 0.83. Houlihan Lokey, Inc. has a 52-week low of $122.14 and a 52-week high of $192.10. The stock’s 50 day moving average price is $169.45 and its 200 day moving average price is $172.76.

Houlihan Lokey (NYSE:HLI) last announced its earnings results 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, sell-side analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were paid a $0.57 dividend. 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 1.56%. Houlihan Lokey’s dividend payout ratio is presently 43.51%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HLI. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Morgan Stanley upgraded Houlihan Lokey from an “underweight” rating to an “overweight” rating and dropped their price objective for the company from $201.00 to $190.00 in a report on Thursday, March 13th. JPMorgan Chase & Co. decreased their target price on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Houlihan Lokey currently has a consensus rating of “Hold” and an average target price 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.