Mutual of America Capital Management LLC Trims Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

Mutual of America Capital Management LLC reduced its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 62,264 shares of the financial services provider’s stock after selling 1,159 shares during the quarter. Mutual of America Capital Management LLC owned 0.09% of Houlihan Lokey worth $10,813,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Private Trust Co. NA purchased a new position in Houlihan Lokey during the fourth quarter worth about $29,000. Financial Life Planners acquired a new position in Houlihan Lokey during the 4th quarter worth approximately $33,000. Golden State Wealth Management LLC purchased a new position in shares of Houlihan Lokey during the 4th quarter worth approximately $53,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Houlihan Lokey in the 4th quarter valued at approximately $62,000. Finally, First Horizon Advisors Inc. boosted its stake in shares of Houlihan Lokey by 81.5% in the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock valued at $70,000 after buying an additional 198 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Morgan Stanley increased their price objective on Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Wells Fargo & Company boosted their price objective on shares of Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Finally, UBS Group boosted their price target on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $194.40.

Houlihan Lokey Trading Up 1.8 %

Shares of HLI opened at $173.42 on Friday. Houlihan Lokey, Inc. has a 12-month low of $121.81 and a 12-month high of $192.10. The stock has a market cap of $12.16 billion, a P/E ratio of 33.10 and a beta of 0.69. The company has a 50-day moving average of $177.03 and a two-hundred day moving average of $171.49.

Houlihan Lokey (NYSE:HLI) last posted its earnings results 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 20.04% and a net margin of 16.00%. As a group, analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey’s payout ratio is currently 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.