Zurcher Kantonalbank Zurich Cantonalbank Purchases 2,033 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 17.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,847 shares of the financial services provider’s stock after purchasing an additional 2,033 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Houlihan Lokey were worth $2,405,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Private Trust Co. NA bought a new stake in shares of Houlihan Lokey during the fourth quarter valued at approximately $29,000. Financial Life Planners bought a new stake in Houlihan Lokey in the fourth quarter valued at $33,000. Golden State Wealth Management LLC bought a new stake in Houlihan Lokey in the fourth quarter valued at $53,000. VisionPoint Advisory Group LLC bought a new stake in Houlihan Lokey in the fourth quarter valued at $62,000. Finally, First Horizon Advisors Inc. grew its position in Houlihan Lokey by 81.5% in the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 198 shares during the period. 78.07% of the stock is currently owned by institutional investors.

Houlihan Lokey Stock Up 1.9 %

Shares of HLI opened at $159.02 on Monday. Houlihan Lokey, Inc. has a 12-month low of $121.81 and a 12-month high of $192.10. The firm has a market capitalization of $11.15 billion, a PE ratio of 30.35 and a beta of 0.72. The stock’s fifty day simple moving average is $174.04 and its 200-day simple moving average is $172.05.

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%. Analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey’s dividend payout ratio (DPR) is presently 43.51%.

Analyst Ratings Changes

A number of analysts have weighed in on HLI shares. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered 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. 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. Wells Fargo & Company raised Houlihan Lokey from an “underweight” rating to an “overweight” rating and reduced their price objective for the stock from $180.00 to $179.00 in a research note on Tuesday, March 11th. Finally, StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $192.00.

About Houlihan Lokey

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.