Wells Fargo & Company Lowers Houlihan Lokey (NYSE:HLI) Price Target to $170.00

Houlihan Lokey (NYSE:HLI) had its price target lowered by equities researchers at Wells Fargo & Company from $179.00 to $170.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 20.41% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Morgan Stanley cut their price objective 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. JPMorgan Chase & Co. cut their price target on shares of 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 upped their price objective 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. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $192.00 price target (up previously from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $183.40.

Houlihan Lokey Stock Down 2.1 %

Shares of Houlihan Lokey stock traded down $2.96 on Tuesday, hitting $141.18. 460,645 shares of the company traded hands, compared to its average volume of 345,996. Houlihan Lokey has a 12-month low of $122.14 and a 12-month high of $192.10. The company has a market cap of $9.90 billion, a PE ratio of 26.94 and a beta of 0.84. The company has a 50-day moving average price of $168.71 and a 200 day moving average price of $172.78.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. Equities research analysts anticipate that Houlihan Lokey will post 5.98 EPS for the current year.

Hedge Funds Weigh In On Houlihan Lokey

Several large investors have recently made changes to their positions in the business. Benjamin Edwards Inc. boosted its position in shares of Houlihan Lokey by 17,100.0% in the third quarter. Benjamin Edwards Inc. now owns 1,548 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 1,539 shares during the period. Centiva Capital LP bought a new stake in Houlihan Lokey in the 3rd quarter valued at $408,000. IHT Wealth Management LLC acquired a new stake in Houlihan Lokey in the 3rd quarter worth $268,000. Stifel Financial Corp grew its position in Houlihan Lokey by 42.5% in the 3rd quarter. Stifel Financial Corp now owns 89,788 shares of the financial services provider’s stock worth $14,188,000 after purchasing an additional 26,780 shares during the last quarter. Finally, State Street Corp raised its position in shares of Houlihan Lokey by 1.3% during the third quarter. State Street Corp now owns 1,615,467 shares of the financial services provider’s stock valued at $255,276,000 after buying an additional 21,106 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

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.