Houlihan Lokey, Inc. (NYSE:HLI) Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System grew its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,726 shares of the financial services provider’s stock after buying an additional 488 shares during the quarter. New York State Teachers Retirement System’s holdings in Houlihan Lokey were worth $3,078,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HLI. Strategic Wealth Investment Group LLC raised its holdings in shares of Houlihan Lokey by 0.8% in the third quarter. Strategic Wealth Investment Group LLC now owns 8,103 shares of the financial services provider’s stock worth $1,293,000 after acquiring an additional 62 shares during the last quarter. Pathstone Holdings LLC increased its position in Houlihan Lokey by 0.5% during the 3rd quarter. Pathstone Holdings LLC now owns 21,787 shares of the financial services provider’s stock worth $3,443,000 after purchasing an additional 115 shares in the last quarter. Mather Group LLC. increased its position in Houlihan Lokey by 24.8% during the 4th quarter. Mather Group LLC. now owns 584 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 116 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Houlihan Lokey by 12.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,387 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 150 shares during the last quarter. Finally, Bridges Investment Management Inc. lifted its holdings in Houlihan Lokey by 3.6% in the 3rd quarter. Bridges Investment Management Inc. now owns 4,758 shares of the financial services provider’s stock valued at $752,000 after purchasing an additional 167 shares in the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HLI has been the subject of a number of research analyst reports. UBS Group upped their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Wells Fargo & Company increased their price target on shares of Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. StockNews.com upgraded Houlihan Lokey from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, 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 research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $194.40.

Houlihan Lokey Trading Down 2.7 %

NYSE:HLI opened at $171.07 on Friday. Houlihan Lokey, Inc. has a twelve month low of $121.81 and a twelve month high of $192.10. The firm has a market capitalization of $12.00 billion, a price-to-earnings ratio of 32.65 and a beta of 0.69. The firm’s fifty day simple moving average is $177.48 and its 200 day simple moving average is $170.52.

Houlihan Lokey (NYSE:HLI) last issued its 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, analysts predict 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. This represents a $2.28 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is presently 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.