Wellington Management Group LLP Sells 350,961 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Wellington Management Group LLP lessened its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 19.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,499,679 shares of the financial services provider’s stock after selling 350,961 shares during the quarter. Wellington Management Group LLP owned 2.14% of Houlihan Lokey worth $260,434,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. CIBC Asset Management Inc increased its stake in Houlihan Lokey by 5.0% in the fourth quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 77 shares during the period. M&T Bank Corp grew its stake in shares of Houlihan Lokey by 2.5% in the 4th quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider’s stock valued at $655,000 after purchasing an additional 92 shares during the period. Atria Wealth Solutions Inc. raised its holdings in shares of Houlihan Lokey by 6.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider’s stock worth $282,000 after buying an additional 95 shares in the last quarter. State of Michigan Retirement System lifted its position in shares of Houlihan Lokey by 0.8% during the 4th quarter. State of Michigan Retirement System now owns 12,700 shares of the financial services provider’s stock worth $2,205,000 after buying an additional 100 shares during the period. Finally, Mather Group LLC. boosted its stake in Houlihan Lokey by 24.8% in the 4th quarter. Mather Group LLC. now owns 584 shares of the financial services provider’s stock valued at $101,000 after buying an additional 116 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HLI. Morgan Stanley raised Houlihan Lokey from an “underweight” rating to an “overweight” rating and cut their price objective for the company from $201.00 to $190.00 in a report on Thursday, March 13th. Wells Fargo & Company upgraded shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and reduced their price target for the company from $180.00 to $179.00 in a research report on Tuesday, March 11th. JPMorgan Chase & Co. dropped their price objective 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. StockNews.com downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $192.00.

Houlihan Lokey Price Performance

HLI stock opened at $163.96 on Wednesday. The stock has a market capitalization of $11.50 billion, a PE ratio of 31.29 and a beta of 0.72. The company has a 50 day moving average price of $171.31 and a 200 day moving average price of $172.92. Houlihan Lokey, Inc. has a fifty-two week low of $122.14 and a fifty-two week high of $192.10.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is 43.51%.

Houlihan Lokey 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.