Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp trimmed its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 21.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,507 shares of the financial services provider’s stock after selling 8,947 shares during the period. Fifth Third Bancorp’s holdings in Houlihan Lokey were worth $5,645,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its position in shares of Houlihan Lokey by 5.1% during the second quarter. Bank of Montreal Can now owns 24,178 shares of the financial services provider’s stock worth $3,285,000 after acquiring an additional 1,171 shares during the last quarter. AQR Capital Management LLC increased its holdings in Houlihan Lokey by 73.9% during the 2nd quarter. AQR Capital Management LLC now owns 11,396 shares of the financial services provider’s stock worth $1,537,000 after purchasing an additional 4,844 shares during the last quarter. Millennium Management LLC increased its holdings in Houlihan Lokey by 24,074.0% during the 2nd quarter. Millennium Management LLC now owns 501,610 shares of the financial services provider’s stock worth $67,647,000 after purchasing an additional 499,535 shares during the last quarter. Algert Global LLC raised its position in shares of Houlihan Lokey by 9.8% in the 2nd quarter. Algert Global LLC now owns 14,599 shares of the financial services provider’s stock valued at $1,969,000 after purchasing an additional 1,299 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of Houlihan Lokey by 10.7% during the 2nd quarter. Creative Planning now owns 3,614 shares of the financial services provider’s stock valued at $487,000 after buying an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Trading Down 0.3 %

NYSE:HLI opened at $186.08 on Monday. The stock has a 50 day moving average of $179.32 and a 200-day moving average of $166.00. The firm has a market capitalization of $12.93 billion, a PE ratio of 38.05 and a beta of 0.69. Houlihan Lokey, Inc. has a 52 week low of $119.28 and a 52 week high of $192.10.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.15. The firm had revenue of $574.96 million during the quarter, compared to the consensus estimate of $537.93 million. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The firm’s revenue was up 23.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.11 EPS. As a group, analysts predict that Houlihan Lokey, Inc. will post 5.74 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Monday, December 2nd were given a $0.57 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.28 annualized dividend and a yield of 1.23%. Houlihan Lokey’s dividend payout ratio is presently 46.63%.

Analyst Ratings Changes

Several research firms recently issued reports on HLI. Keefe, Bruyette & Woods cut their price target on shares of Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. StockNews.com cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Wells Fargo & Company lowered their price objective on Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. UBS Group increased their target price on Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Morgan Stanley downgraded Houlihan Lokey from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $171.00 to $200.00 in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Houlihan Lokey presently has an average rating of “Hold” and an average price target of $173.40.

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.