Houlihan Lokey, Inc. (HLI) To Go Ex-Dividend on March 3rd

Houlihan Lokey, Inc. (NYSE:HLI) declared a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Shareholders of record on Monday, March 3rd will be given a dividend of 0.57 per share by the financial services provider on Saturday, March 15th. This represents a $2.28 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Monday, March 3rd.

Houlihan Lokey has increased its dividend by an average of 11.7% annually over the last three years. Houlihan Lokey has a dividend payout ratio of 27.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Houlihan Lokey to earn $7.09 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 32.2%.

Houlihan Lokey Stock Performance

HLI stock opened at $180.13 on Friday. The firm has a market cap of $12.52 billion, a P/E ratio of 34.38 and a beta of 0.69. The firm’s fifty day moving average is $178.92 and its 200 day moving average is $166.78. Houlihan Lokey has a 52 week low of $119.28 and a 52 week high of $192.10.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.59% and a net margin of 16.00%. As a group, analysts forecast that Houlihan Lokey will post 5.84 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Morgan Stanley boosted their price objective on Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a research report on Wednesday. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $192.00 price target (up previously from $170.00) on shares of Houlihan Lokey in a research report on Wednesday. Wells Fargo & Company increased their target price on shares of Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a report on Wednesday. JPMorgan Chase & Co. lowered their price target on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $194.40.

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.