Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lessened its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 40.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,626 shares of the financial services provider’s stock after selling 1,815 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Houlihan Lokey were worth $456,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Nicolet Advisory Services LLC lifted its stake in shares of Houlihan Lokey by 4.8% during the fourth quarter. Nicolet Advisory Services LLC now owns 1,532 shares of the financial services provider’s stock valued at $258,000 after buying an additional 70 shares during the period. CIBC Asset Management Inc raised its holdings in Houlihan Lokey by 5.0% in the 4th quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 77 shares during the last quarter. Mariner LLC lifted its stake in shares of Houlihan Lokey by 0.7% during the 4th quarter. Mariner LLC now owns 12,220 shares of the financial services provider’s stock worth $2,122,000 after purchasing an additional 81 shares during the period. M&T Bank Corp boosted its holdings in shares of Houlihan Lokey by 2.5% during the fourth quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider’s stock worth $655,000 after purchasing an additional 92 shares during the last quarter. Finally, Atria Wealth Solutions Inc. grew its position in shares of Houlihan Lokey by 6.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider’s stock valued at $282,000 after purchasing an additional 95 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Houlihan Lokey Stock Up 0.1%

Shares of HLI stock opened at $178.11 on Wednesday. Houlihan Lokey, Inc. has a fifty-two week low of $127.14 and a fifty-two week high of $192.10. The firm’s 50 day moving average price is $159.29 and its two-hundred day moving average price is $171.62. The stock has a market cap of $12.49 billion, a price-to-earnings ratio of 33.99 and a beta of 0.82.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.35. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. The business had revenue of $666.42 million for the quarter, compared to the consensus estimate of $628.25 million. During the same quarter last year, the firm posted $1.27 EPS. The business’s revenue for the quarter was up 28.0% compared to the same quarter last year. On average, equities analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be given a $0.60 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.57. This represents a $2.40 annualized dividend and a yield of 1.35%. Houlihan Lokey’s dividend payout ratio (DPR) is 41.24%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Wells Fargo & Company increased their target price on Houlihan Lokey from $170.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Keefe, Bruyette & Woods increased their price objective on shares of Houlihan Lokey from $183.00 to $185.00 and gave the stock a “market perform” rating in a report on Monday. UBS Group boosted their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Morgan Stanley dropped their price target on shares of Houlihan Lokey from $190.00 to $156.00 and set an “overweight” rating for the company in a research report on Monday, April 7th. Finally, JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Houlihan Lokey presently has an average rating of “Hold” and a consensus price target of $185.00.

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.