Point72 Asset Management L.P. Makes New $20.90 Million Investment in Houlihan Lokey, Inc. (NYSE:HLI)

Point72 Asset Management L.P. acquired a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 120,369 shares of the financial services provider’s stock, valued at approximately $20,903,000. Point72 Asset Management L.P. owned about 0.17% of Houlihan Lokey at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Nicolet Advisory Services LLC increased its holdings in Houlihan Lokey by 4.8% in the 4th quarter. Nicolet Advisory Services LLC now owns 1,532 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 70 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Houlihan Lokey by 5.0% during the fourth quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 77 shares in the last quarter. Mariner LLC increased its holdings in shares of Houlihan Lokey by 0.7% in the fourth quarter. Mariner LLC now owns 12,220 shares of the financial services provider’s stock worth $2,122,000 after purchasing an additional 81 shares during the last quarter. Benjamin Edwards Inc. lifted its position in shares of Houlihan Lokey by 5.7% in the fourth quarter. Benjamin Edwards Inc. now owns 1,636 shares of the financial services provider’s stock worth $284,000 after buying an additional 88 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in Houlihan Lokey by 2.5% during the fourth quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider’s stock valued at $655,000 after buying an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Stock Up 0.4%

HLI stock opened at $180.78 on Friday. Houlihan Lokey, Inc. has a twelve month low of $127.14 and a twelve month high of $192.10. The stock has a market capitalization of $12.68 billion, a price-to-earnings ratio of 34.50 and a beta of 0.82. The firm’s fifty day simple moving average is $160.69 and its two-hundred day simple moving average is $171.89.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.61 by $0.35. The company had revenue of $666.42 million for the quarter, compared to the consensus estimate of $628.25 million. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. The firm’s revenue was up 28.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.27 EPS. As a group, equities research analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.33%. This is an increase from Houlihan Lokey’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, June 2nd. Houlihan Lokey’s dividend payout ratio is presently 41.24%.

Analysts Set New Price Targets

A number of analysts have issued reports on HLI shares. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods boosted their price target on shares of Houlihan Lokey from $183.00 to $185.00 and gave the stock a “market perform” rating in a research report on Monday, May 12th. StockNews.com lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. UBS Group boosted their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $185.00.

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.