Evoke Wealth LLC Takes $1.15 Million Position in Houlihan Lokey, Inc. (NYSE:HLI)

Evoke Wealth LLC acquired a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,603 shares of the financial services provider’s stock, valued at approximately $1,147,000.

A number of other large investors have also made changes to their positions in HLI. Victory Capital Management Inc. raised its position in shares of Houlihan Lokey by 59.3% during the third quarter. Victory Capital Management Inc. now owns 71,269 shares of the financial services provider’s stock valued at $11,262,000 after buying an additional 26,522 shares during the last quarter. Empowered Funds LLC raised its position in shares of Houlihan Lokey by 24.8% during the third quarter. Empowered Funds LLC now owns 14,409 shares of the financial services provider’s stock valued at $2,277,000 after buying an additional 2,864 shares during the last quarter. Quest Partners LLC acquired a new position in Houlihan Lokey in the third quarter worth about $92,000. OneAscent Wealth Management LLC acquired a new position in Houlihan Lokey in the third quarter worth about $330,000. Finally, Pathstone Holdings LLC raised its position in Houlihan Lokey by 0.5% in 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 in the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HLI. UBS Group increased their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Wells Fargo & Company raised shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and dropped their price target for the stock from $180.00 to $179.00 in a research report on Tuesday, March 11th. JPMorgan Chase & Co. dropped their price target on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $192.00 price target (up previously from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Finally, StockNews.com lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $192.00.

Houlihan Lokey Trading Up 0.5 %

Shares of Houlihan Lokey stock opened at $162.10 on Wednesday. The stock has a market capitalization of $11.37 billion, a price-to-earnings ratio of 30.93 and a beta of 0.72. Houlihan Lokey, Inc. has a 1-year low of $121.81 and a 1-year high of $192.10. The firm’s 50-day moving average price is $173.64 and its two-hundred day moving average price is $172.14.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. As a group, equities research analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.41%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is 43.51%.

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.