Intrust Bank NA Has $794,000 Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Intrust Bank NA decreased its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 2.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,572 shares of the financial services provider’s stock after selling 101 shares during the quarter. Intrust Bank NA’s holdings in Houlihan Lokey were worth $794,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HLI. Quest Partners LLC bought a new stake in shares of Houlihan Lokey in the third quarter valued at approximately $92,000. Townsquare Capital LLC increased its position in shares of Houlihan Lokey by 6.6% in the third quarter. Townsquare Capital LLC now owns 25,654 shares of the financial services provider’s stock worth $4,054,000 after purchasing an additional 1,598 shares during the period. Bridgewater Associates LP raised its stake in Houlihan Lokey by 4.1% in the third quarter. Bridgewater Associates LP now owns 6,749 shares of the financial services provider’s stock valued at $1,066,000 after purchasing an additional 267 shares in the last quarter. Glenmede Trust Co. NA raised its stake in Houlihan Lokey by 13.1% in the third quarter. Glenmede Trust Co. NA now owns 3,618 shares of the financial services provider’s stock valued at $572,000 after purchasing an additional 419 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Houlihan Lokey by 5.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,814 shares of the financial services provider’s stock worth $1,867,000 after purchasing an additional 645 shares during the period. Institutional investors own 78.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HLI. StockNews.com cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Wells Fargo & Company upgraded Houlihan Lokey from an “underweight” rating to an “overweight” rating and cut their target price for the stock from $180.00 to $179.00 in a research note on Tuesday, March 11th. JPMorgan Chase & Co. decreased their price target on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. 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 report on Wednesday, January 29th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $192.00.

Houlihan Lokey Stock Down 1.8 %

Shares of HLI opened at $157.98 on Friday. The stock has a market cap of $11.08 billion, a PE ratio of 30.15 and a beta of 0.72. Houlihan Lokey, Inc. has a 12-month low of $122.14 and a 12-month high of $192.10. The business has a 50-day simple moving average of $172.13 and a two-hundred day simple moving average of $172.63.

Houlihan Lokey (NYSE:HLI) last issued 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 net margin of 16.00% and a return on equity of 20.04%. On average, equities research analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were issued a $0.57 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.44%. 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.