9,506 Shares in Houlihan Lokey, Inc. (NYSE:HLI) Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA bought a new stake in Houlihan Lokey, Inc. (NYSE:HLI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,506 shares of the financial services provider’s stock, valued at approximately $1,657,000.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Houlihan Lokey by 1.3% in the 3rd 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 period. Geode Capital Management LLC increased its stake in Houlihan Lokey by 2.8% during the third quarter. Geode Capital Management LLC now owns 970,559 shares of the financial services provider’s stock worth $153,405,000 after purchasing an additional 26,564 shares during the period. Eagle Asset Management Inc. lifted its position in shares of Houlihan Lokey by 23.6% during the third quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider’s stock worth $109,525,000 after purchasing an additional 132,516 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Houlihan Lokey by 33.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock worth $94,974,000 after purchasing an additional 149,114 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Houlihan Lokey by 24,074.0% in the second quarter. Millennium Management LLC now owns 501,610 shares of the financial services provider’s stock valued at $67,647,000 after purchasing an additional 499,535 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on HLI. StockNews.com cut Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. UBS Group lifted their price objective on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Morgan Stanley lowered shares of Houlihan Lokey from an “equal weight” rating to an “underweight” rating and upped their target price for the stock from $171.00 to $200.00 in a research note on Monday, December 9th. Keefe, Bruyette & Woods lowered their price target on shares of Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating for the company in a report on Monday, January 13th. Finally, Wells Fargo & Company reduced their price objective on shares of Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $173.40.

Houlihan Lokey Price Performance

NYSE HLI opened at $180.63 on Tuesday. Houlihan Lokey, Inc. has a 12 month low of $119.28 and a 12 month high of $192.10. The company has a market capitalization of $12.55 billion, a price-to-earnings ratio of 36.94 and a beta of 0.69. The firm’s fifty day moving average price is $179.25 and its 200 day moving average price is $166.29.

Houlihan Lokey (NYSE:HLI) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.15. The business had revenue of $574.96 million for the quarter, compared to analysts’ expectations of $537.93 million. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The business’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.11 earnings per share. As a group, sell-side analysts forecast that Houlihan Lokey, Inc. will post 5.74 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Monday, December 2nd. Houlihan Lokey’s payout ratio is currently 46.63%.

Houlihan Lokey Company 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.