Bleakley Financial Group LLC Sells 97 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Bleakley Financial Group LLC lessened its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,178 shares of the financial services provider’s stock after selling 97 shares during the period. Bleakley Financial Group LLC’s holdings in Houlihan Lokey were worth $726,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Financial Life Planners bought a new stake in shares of Houlihan Lokey in the fourth quarter worth $33,000. Wolff Wiese Magana LLC purchased a new position in Houlihan Lokey in the third quarter worth about $38,000. First Horizon Advisors Inc. grew its stake in shares of Houlihan Lokey by 81.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 198 shares during the period. Quarry LP purchased a new stake in shares of Houlihan Lokey during the 3rd quarter valued at about $76,000. Finally, Quest Partners LLC bought a new position in shares of Houlihan Lokey in the 3rd quarter worth approximately $92,000. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. JPMorgan Chase & Co. reduced 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. Morgan Stanley upped their price objective on Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $192.00 target price (up from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Wells Fargo & Company upped their price target on Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Finally, UBS Group lifted their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Houlihan Lokey currently has an average rating of “Hold” and a consensus price target of $194.40.

Houlihan Lokey Stock Down 1.3 %

Shares of Houlihan Lokey stock opened at $185.04 on Monday. Houlihan Lokey, Inc. has a 52 week low of $121.81 and a 52 week high of $192.10. The stock’s 50-day simple moving average is $178.22 and its 200-day simple moving average is $168.67. The company has a market capitalization of $12.86 billion, a price-to-earnings ratio of 35.31 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, topping 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%. On average, equities analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be issued a $0.57 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.23%. Houlihan Lokey’s dividend payout ratio is currently 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.