Keefe, Bruyette & Woods Raises Houlihan Lokey (NYSE:HLI) Price Target to $172.00

Houlihan Lokey (NYSE:HLI) had its target price hoisted by analysts at Keefe, Bruyette & Woods from $171.00 to $172.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential downside of 0.43% from the stock’s previous close.

A number of other analysts have also recently weighed in on HLI. UBS Group upped their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Morgan Stanley cut Houlihan Lokey from an “equal weight” rating to an “underweight” rating and boosted their price objective for the stock from $171.00 to $200.00 in a research note on Monday, December 9th. Wells Fargo & Company increased their target price on Houlihan Lokey from $157.00 to $180.00 and gave the company an “underweight” rating in a research note on Thursday, December 12th. Finally, StockNews.com downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $174.20.

Houlihan Lokey Price Performance

NYSE HLI opened at $172.74 on Friday. Houlihan Lokey has a 1-year low of $112.17 and a 1-year high of $192.10. The firm has a market capitalization of $12.01 billion, a P/E ratio of 35.33 and a beta of 0.67. The business’s 50-day simple moving average is $178.84 and its 200-day simple moving average is $157.76.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The firm had revenue of $574.96 million for the quarter, compared to analysts’ expectations of $537.93 million. During the same period in the previous year, the company posted $1.11 earnings per share. Houlihan Lokey’s revenue was up 23.1% compared to the same quarter last year. On average, equities research analysts expect that Houlihan Lokey will post 5.74 EPS for the current fiscal year.

Insider Transactions at Houlihan Lokey

In other news, Director Gillian Beth Zucker sold 200 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $168.08, for a total transaction of $33,616.00. Following the completion of the sale, the director now owns 6,601 shares of the company’s stock, valued at approximately $1,109,496.08. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 23.68% of the company’s stock.

Institutional Trading of Houlihan Lokey

Several institutional investors have recently added to or reduced their stakes in HLI. Strategic Wealth Investment Group LLC increased its position in shares of Houlihan Lokey by 0.8% in the 3rd quarter. Strategic Wealth Investment Group LLC now owns 8,103 shares of the financial services provider’s stock worth $1,293,000 after purchasing an additional 62 shares during the last quarter. UMB Bank n.a. raised its stake in Houlihan Lokey by 12.6% during the third quarter. UMB Bank n.a. now owns 857 shares of the financial services provider’s stock valued at $135,000 after buying an additional 96 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in Houlihan Lokey by 0.6% during the 3rd quarter. New York State Teachers Retirement System now owns 17,238 shares of the financial services provider’s stock worth $2,724,000 after buying an additional 100 shares during the last quarter. Pathstone Holdings LLC grew its position in shares of Houlihan Lokey by 0.5% in the 3rd quarter. Pathstone Holdings LLC now owns 21,787 shares of the financial services provider’s stock worth $3,443,000 after acquiring an additional 115 shares in the last quarter. Finally, Crewe Advisors LLC increased its holdings in shares of Houlihan Lokey by 264.5% in the 2nd quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 164 shares during the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

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.