Northwestern Mutual Wealth Management Co. Has $140,000 Holdings in Houlihan Lokey, Inc. $HLI

Northwestern Mutual Wealth Management Co. cut its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 22.1% during the 1st quarter, HoldingsChannel reports. The fund owned 867 shares of the financial services provider’s stock after selling 246 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Houlihan Lokey were worth $140,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Bogart Wealth LLC grew its stake in shares of Houlihan Lokey by 111.1% in the first quarter. Bogart Wealth LLC now owns 152 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 80 shares in the last quarter. Motco acquired a new position in shares of Houlihan Lokey in the first quarter valued at about $29,000. Brooklyn Investment Group acquired a new position in shares of Houlihan Lokey in the first quarter valued at about $33,000. TCTC Holdings LLC grew its stake in shares of Houlihan Lokey by 103.5% in the first quarter. TCTC Holdings LLC now owns 232 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 118 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Houlihan Lokey by 3,714.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 267 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 260 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on HLI shares. Wells Fargo & Company upped their price target on shares of Houlihan Lokey from $185.00 to $209.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Wall Street Zen downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Keefe, Bruyette & Woods upgraded shares of Houlihan Lokey from a “hold” rating to a “moderate buy” rating and increased their price objective for the stock from $185.00 to $232.00 in a research note on Monday, July 14th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $192.00 price objective (up from $159.00) on shares of Houlihan Lokey in a research note on Monday, June 23rd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $206.40.

Insider Transactions at Houlihan Lokey

In other news, Chairman Paul Eric Siegert sold 40,000 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $199.95, for a total value of $7,998,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Irwin Gold sold 5,000 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $182.81, for a total transaction of $914,050.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,500 shares of company stock valued at $9,010,160. 22.83% of the stock is currently owned by insiders.

Houlihan Lokey Trading Down 0.3%

HLI stock opened at $196.81 on Friday. The stock has a market capitalization of $13.84 billion, a P/E ratio of 33.13 and a beta of 0.86. Houlihan Lokey, Inc. has a 12 month low of $137.99 and a 12 month high of $201.63. The firm has a 50-day moving average price of $192.57 and a 200-day moving average price of $175.35.

Houlihan Lokey (NYSE:HLI) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.45. The firm had revenue of $605.35 million during the quarter, compared to analysts’ expectations of $573.07 million. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.22 earnings per share. As a group, equities analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.2%. Houlihan Lokey’s dividend payout ratio is 40.40%.

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.