Huntington National Bank Has $229,000 Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

Huntington National Bank lessened its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 8.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,316 shares of the financial services provider’s stock after selling 119 shares during the quarter. Huntington National Bank’s holdings in Houlihan Lokey were worth $229,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Benjamin Edwards Inc. increased its position in Houlihan Lokey by 17,100.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,548 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 1,539 shares in the last quarter. Centiva Capital LP acquired a new position in shares of Houlihan Lokey during the third quarter worth $408,000. Integrated Wealth Concepts LLC lifted its stake in shares of Houlihan Lokey by 15.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 10,034 shares of the financial services provider’s stock valued at $1,586,000 after acquiring an additional 1,380 shares during the last quarter. IHT Wealth Management LLC acquired a new stake in shares of Houlihan Lokey during the 3rd quarter valued at $268,000. Finally, Quarry LP acquired a new stake in shares of Houlihan Lokey during the 3rd quarter valued at $76,000. Institutional investors own 78.07% of the company’s stock.

Analyst Upgrades and Downgrades

HLI has been the subject of several research reports. Morgan Stanley upgraded Houlihan Lokey from an “underweight” rating to an “overweight” rating and dropped their target price for the company from $201.00 to $190.00 in a research report on Thursday, March 13th. Wells Fargo & Company upgraded shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and dropped their price objective for the company from $180.00 to $179.00 in a report on Tuesday, March 11th. StockNews.com lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. dropped 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. Finally, JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research note 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $192.00.

Houlihan Lokey Stock Down 4.5 %

HLI opened at $146.40 on Friday. The stock has a market cap of $10.27 billion, a PE ratio of 27.94 and a beta of 0.83. Houlihan Lokey, Inc. has a twelve month low of $122.14 and a twelve month high of $192.10. The company has a fifty day moving average of $169.45 and a 200-day moving average of $172.76.

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

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Monday, March 3rd. 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.