Houlihan Lokey’s (HLI) Market Perform Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of Houlihan Lokey (NYSE:HLI) in a report issued on Wednesday morning,Benzinga reports. They currently have a $192.00 price target on the financial services provider’s stock, up from their prior price target of $170.00.

HLI has been the subject of a number of other reports. UBS Group upped their price target on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday. Morgan Stanley lowered Houlihan Lokey from an “equal weight” rating to an “underweight” rating and upped their target price for the company from $171.00 to $200.00 in a research note on Monday, December 9th. Wells Fargo & Company upped their target price on Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a research note on Wednesday. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday. Finally, JPMorgan Chase & Co. cut their target price on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Houlihan Lokey presently has an average rating of “Hold” and a consensus target price of $194.40.

Houlihan Lokey Stock Down 2.1 %

Shares of HLI stock opened at $180.16 on Wednesday. Houlihan Lokey has a 12 month low of $119.28 and a 12 month high of $192.10. The firm has a market cap of $12.52 billion, a PE ratio of 36.84 and a beta of 0.69. The stock has a 50 day moving average of $179.10 and a 200-day moving average of $166.69.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. As a group, equities analysts predict that Houlihan Lokey will post 5.74 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio (DPR) is 46.63%.

Institutional Trading of Houlihan Lokey

Several large investors have recently made changes to their positions in the business. Strategic Wealth Investment Group LLC grew its holdings in shares of Houlihan Lokey by 0.8% during the third 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. grew its holdings in shares of Houlihan Lokey by 12.6% during the third quarter. UMB Bank n.a. now owns 857 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 96 shares during the last quarter. New York State Teachers Retirement System grew its holdings in shares of Houlihan Lokey by 0.6% during the third quarter. New York State Teachers Retirement System now owns 17,238 shares of the financial services provider’s stock worth $2,724,000 after purchasing an additional 100 shares during the last quarter. Pathstone Holdings LLC grew its holdings in shares of Houlihan Lokey by 0.5% during the third quarter. Pathstone Holdings LLC now owns 21,787 shares of the financial services provider’s stock worth $3,443,000 after purchasing an additional 115 shares during the last quarter. Finally, Mather Group LLC. grew its holdings in shares of Houlihan Lokey by 24.8% during the fourth quarter. Mather Group LLC. now owns 584 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 116 shares during the last quarter. Institutional investors 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.