Bessemer Group Inc. Has $283,000 Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Bessemer Group Inc. decreased its position in Houlihan Lokey, Inc. (NYSE:HLI) by 15.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,629 shares of the financial services provider’s stock after selling 291 shares during the period. Bessemer Group Inc.’s holdings in Houlihan Lokey were worth $283,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Private Trust Co. NA bought a new position in shares of Houlihan Lokey in the 4th quarter worth about $29,000. Financial Life Planners bought a new position in shares of Houlihan Lokey during the 4th quarter worth approximately $33,000. Golden State Wealth Management LLC acquired a new stake in shares of Houlihan Lokey during the 4th quarter worth approximately $53,000. VisionPoint Advisory Group LLC bought a new stake in shares of Houlihan Lokey in the 4th quarter valued at $62,000. Finally, Mather Group LLC. lifted its position in shares of Houlihan Lokey by 24.8% during the 4th quarter. Mather Group LLC. now owns 584 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 116 shares during the period. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Trading Down 1.2 %

NYSE HLI opened at $152.22 on Thursday. The business has a fifty day simple moving average of $163.01 and a 200 day simple moving average of $171.96. Houlihan Lokey, Inc. has a 12 month low of $122.14 and a 12 month high of $192.10. The firm has a market capitalization of $10.68 billion, a P/E ratio of 29.05 and a beta of 0.84.

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 the consensus estimate 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 predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey’s payout ratio is 43.51%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Morgan Stanley decreased their price target on shares of Houlihan Lokey from $190.00 to $156.00 and set an “overweight” rating for the company in a research note on Monday, April 7th. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their target price on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. UBS Group boosted their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company lowered their price objective on shares of Houlihan Lokey from $179.00 to $170.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Four 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 stock presently has a consensus rating of “Hold” and an average target price of $183.40.

About Houlihan Lokey

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.