Geneos Wealth Management Inc. Buys 492 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Geneos Wealth Management Inc. raised its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,783 shares of the financial services provider’s stock after purchasing an additional 492 shares during the period. Geneos Wealth Management Inc.’s holdings in Houlihan Lokey were worth $3,088,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HLI. State Street Corp increased its position 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 valued at $255,276,000 after buying an additional 21,106 shares in the last quarter. Geode Capital Management LLC grew its stake in Houlihan Lokey by 2.8% in the third quarter. Geode Capital Management LLC now owns 970,559 shares of the financial services provider’s stock valued at $153,405,000 after acquiring an additional 26,564 shares during the period. Eagle Asset Management Inc. increased its holdings in shares of Houlihan Lokey by 23.6% during the third quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider’s stock valued at $109,525,000 after acquiring an additional 132,516 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Houlihan Lokey by 33.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock worth $94,974,000 after purchasing an additional 149,114 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Houlihan Lokey by 24,074.0% in 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 in the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Analyst Ratings Changes

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

Houlihan Lokey Stock Down 0.3 %

Houlihan Lokey stock opened at $186.08 on Friday. The company’s 50 day moving average price is $179.32 and its two-hundred day moving average price is $165.80. The stock has a market cap of $12.93 billion, a P/E 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 announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, topping the consensus estimate of $1.31 by $0.15. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The business had revenue of $574.96 million for the quarter, compared to analyst estimates of $537.93 million. During the same quarter in the previous year, the firm posted $1.11 earnings per share. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. On average, equities analysts anticipate that Houlihan Lokey, Inc. will post 5.74 EPS for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.23%. The ex-dividend date was Monday, December 2nd. Houlihan Lokey’s dividend payout ratio (DPR) is presently 46.63%.

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.