Pictet Asset Management Holding SA Has $1.30 Million Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Pictet Asset Management Holding SA raised its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 16.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,465 shares of the financial services provider’s stock after acquiring an additional 1,072 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Houlihan Lokey were worth $1,296,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in HLI. Private Trust Co. NA acquired a new position in Houlihan Lokey in the 4th quarter valued at approximately $29,000. Financial Life Planners acquired a new position in shares of Houlihan Lokey in the fourth quarter worth $33,000. Golden State Wealth Management LLC purchased a new stake in shares of Houlihan Lokey during the fourth quarter worth $53,000. VisionPoint Advisory Group LLC acquired a new stake in Houlihan Lokey during the fourth quarter valued at $62,000. Finally, Quarry LP purchased a new position in Houlihan Lokey in the third quarter valued at about $76,000. 78.07% of the stock is owned by hedge funds and other institutional investors.

Houlihan Lokey Trading Down 4.5 %

NYSE HLI opened at $146.40 on Friday. Houlihan Lokey, Inc. has a 1 year low of $122.14 and a 1 year high of $192.10. The company has a fifty day simple moving average of $169.45 and a 200 day simple moving average of $172.76. The company has a market cap of $10.27 billion, a P/E ratio of 27.94 and a beta of 0.83.

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

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.56%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is currently 43.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. 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 report on Wednesday, January 29th. 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 research note on Wednesday, January 29th. Morgan Stanley upgraded shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and dropped their price target for the stock from $201.00 to $190.00 in a research note on Thursday, March 13th. Wells Fargo & Company raised shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and reduced their price objective for the company from $180.00 to $179.00 in a research note on Tuesday, March 11th. Finally, StockNews.com downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Four equities research 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.com, the company presently has an average rating of “Hold” and a consensus price target of $192.00.

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.