Trajan Wealth LLC Sells 76 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Trajan Wealth LLC reduced its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,321 shares of the financial services provider’s stock after selling 76 shares during the quarter. Trajan Wealth LLC’s holdings in Houlihan Lokey were worth $403,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Private Trust Co. NA acquired a new stake in Houlihan Lokey in the 4th quarter valued at $29,000. Financial Life Planners acquired a new stake in shares of Houlihan Lokey in the fourth quarter valued at about $33,000. Golden State Wealth Management LLC acquired a new stake in shares of Houlihan Lokey in the fourth quarter valued at about $53,000. VisionPoint Advisory Group LLC bought a new stake in Houlihan Lokey during the fourth quarter worth about $62,000. Finally, Mather Group LLC. boosted its position in Houlihan Lokey by 24.8% during the fourth quarter. Mather Group LLC. now owns 584 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 116 shares during the last quarter. 78.07% of the stock is owned by institutional investors.

Houlihan Lokey Price Performance

HLI stock opened at $153.17 on Monday. The stock has a market cap of $10.74 billion, a price-to-earnings ratio of 29.23 and a beta of 0.84. The company has a fifty day moving average price of $161.93 and a two-hundred day moving average price of $172.06. Houlihan Lokey, Inc. has a one year low of $123.53 and a one year high of $192.10.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, topping 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%. Research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal 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. The ex-dividend date was Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.49%. Houlihan Lokey’s payout ratio is currently 43.51%.

Analysts Set New Price Targets

HLI has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price objective on Houlihan Lokey from $179.00 to $170.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley dropped their price target on shares of Houlihan Lokey from $190.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, April 7th. JPMorgan Chase & Co. decreased their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $192.00 target price (up from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. 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 assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $183.40.

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.