Private Advisor Group LLC Buys 1,934 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Private Advisor Group LLC grew its position in Houlihan Lokey, Inc. (NYSE:HLI) by 51.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,664 shares of the financial services provider’s stock after purchasing an additional 1,934 shares during the period. Private Advisor Group LLC’s holdings in Houlihan Lokey were worth $984,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. State Street Corp raised 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 purchasing an additional 21,106 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of 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 buying an additional 26,564 shares in the last quarter. Eagle Asset Management Inc. lifted its position in Houlihan Lokey by 23.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider’s stock worth $109,525,000 after buying an additional 132,516 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Houlihan Lokey by 33.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock worth $94,974,000 after acquiring an additional 149,114 shares during the last quarter. Finally, Natixis Advisors LLC increased its position in Houlihan Lokey by 2.5% in the 3rd quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider’s stock valued at $63,111,000 after acquiring an additional 9,768 shares in the last quarter. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Stock Up 1.8 %

NYSE:HLI opened at $173.42 on Friday. Houlihan Lokey, Inc. has a 12-month low of $121.81 and a 12-month high of $192.10. The stock’s fifty day simple moving average is $177.04 and its 200-day simple moving average is $171.14. The firm has a market capitalization of $12.16 billion, a P/E ratio of 33.10 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. As a group, equities research analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is currently 43.51%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HLI. Morgan Stanley upped their target price on shares of Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. StockNews.com downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday. 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 report on Wednesday, January 29th. Finally, Wells Fargo & Company lifted their price objective on Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Houlihan Lokey currently has an average rating of “Hold” and an average target price of $194.40.

Houlihan Lokey 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.