Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Strategic Wealth Investment Group LLC

Strategic Wealth Investment Group LLC trimmed its position in Houlihan Lokey, Inc. (NYSE:HLI) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,779 shares of the financial services provider’s stock after selling 324 shares during the period. Strategic Wealth Investment Group LLC’s holdings in Houlihan Lokey were worth $1,351,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HLI. Fiera Capital Corp boosted its holdings in shares of Houlihan Lokey by 666.8% during the third quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider’s stock worth $44,831,000 after purchasing an additional 246,705 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in Houlihan Lokey in the 3rd quarter worth about $24,177,000. Charles Schwab Investment Management Inc. grew its holdings in Houlihan Lokey by 33.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock valued at $94,974,000 after buying an additional 149,114 shares during the period. Eagle Asset Management Inc. increased its stake in shares of Houlihan Lokey by 23.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider’s stock valued at $109,525,000 after acquiring an additional 132,516 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Houlihan Lokey during the 4th quarter worth about $21,613,000. 78.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on HLI shares. Wells Fargo & Company lifted their price target on shares of Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a report on Wednesday. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $192.00 price objective (up from $170.00) on shares of Houlihan Lokey in a report on Wednesday. UBS Group boosted their target price on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Morgan Stanley raised their price target on shares of Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $194.40.

Houlihan Lokey Stock Up 0.2 %

NYSE HLI opened at $180.13 on Friday. Houlihan Lokey, Inc. has a fifty-two week low of $119.28 and a fifty-two week high of $192.10. The business has a 50 day moving average price of $178.92 and a two-hundred day moving average price of $166.78. The stock has a market cap of $12.52 billion, a PE ratio of 34.38 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.59%. Sell-side analysts anticipate that Houlihan Lokey, Inc. will post 5.84 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey’s payout ratio is 43.51%.

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.