Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 25.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,907 shares of the financial services provider’s stock after selling 23,334 shares during the period. Segall Bryant & Hamill LLC’s holdings in Houlihan Lokey were worth $12,140,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Quest Partners LLC purchased a new stake in shares of Houlihan Lokey in the third quarter valued at about $92,000. PNC Financial Services Group Inc. lifted its position in Houlihan Lokey by 2.9% in the third quarter. PNC Financial Services Group Inc. now owns 13,945 shares of the financial services provider’s stock valued at $2,204,000 after purchasing an additional 387 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Houlihan Lokey by 33.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock valued at $94,974,000 after purchasing an additional 149,114 shares in the last quarter. Algert Global LLC increased its position in Houlihan Lokey by 58.4% during the 3rd quarter. Algert Global LLC now owns 23,129 shares of the financial services provider’s stock worth $3,655,000 after purchasing an additional 8,530 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its stake in shares of Houlihan Lokey by 78.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 6,643 shares of the financial services provider’s stock worth $1,050,000 after buying an additional 2,924 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Price Performance

Shares of NYSE HLI opened at $167.88 on Wednesday. The firm’s 50-day moving average is $173.15 and its two-hundred day moving average is $172.58. Houlihan Lokey, Inc. has a 12-month low of $122.14 and a 12-month high of $192.10. The company has a market capitalization of $11.78 billion, a PE ratio of 32.04 and a beta of 0.72.

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

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were paid a $0.57 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.36%. Houlihan Lokey’s payout ratio is currently 43.51%.

Analyst Ratings Changes

HLI has been the topic of a number of recent analyst reports. Morgan Stanley raised Houlihan Lokey from an “underweight” rating to an “overweight” rating and dropped their price objective for the stock from $201.00 to $190.00 in a report on Thursday, March 13th. Wells Fargo & Company raised shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and lowered their price target for the stock from $180.00 to $179.00 in a research note on Tuesday, March 11th. StockNews.com cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lowered their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $192.00.

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.