Amundi Has $2.18 Million Position in Houlihan Lokey, Inc. (NYSE:HLI)

Amundi boosted its position in Houlihan Lokey, Inc. (NYSE:HLI) by 9,223.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,586 shares of the financial services provider’s stock after purchasing an additional 12,451 shares during the period. Amundi’s holdings in Houlihan Lokey were worth $2,182,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp increased its holdings in Houlihan Lokey by 1.3% in the 3rd quarter. State Street Corp now owns 1,615,467 shares of the financial services provider’s stock worth $255,276,000 after purchasing an additional 21,106 shares in the last quarter. Geode Capital Management LLC increased its holdings in Houlihan Lokey by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 970,559 shares of the financial services provider’s stock worth $153,405,000 after purchasing an additional 26,564 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Houlihan Lokey in the 4th quarter worth about $143,559,000. Eagle Asset Management Inc. grew its position in shares of Houlihan Lokey by 23.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider’s stock valued at $109,525,000 after buying an additional 132,516 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Houlihan Lokey by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 602,956 shares of the financial services provider’s stock valued at $104,709,000 after buying an additional 1,931 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $192.00 price target (up previously from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Morgan Stanley upgraded Houlihan Lokey from an “underweight” rating to an “overweight” rating and reduced their price target for the company from $201.00 to $190.00 in a research report on Thursday, March 13th. JPMorgan Chase & Co. reduced their price target on 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, UBS Group upped their price target on Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Houlihan Lokey has an average rating of “Hold” and a consensus price target of $192.00.

Houlihan Lokey Price Performance

Shares of Houlihan Lokey stock opened at $161.50 on Tuesday. Houlihan Lokey, Inc. has a one year low of $121.81 and a one year high of $192.10. The stock’s 50-day moving average is $173.82 and its 200 day moving average is $172.10. The firm has a market cap of $11.33 billion, a price-to-earnings ratio of 30.82 and a beta of 0.72.

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

Houlihan Lokey Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were issued a $0.57 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.41%. Houlihan Lokey’s payout ratio is currently 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.