Alliancebernstein L.P. Acquires 860,727 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Alliancebernstein L.P. raised its holdings in Houlihan Lokey, Inc. (NYSE:HLIGet Rating) by 54.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,452,504 shares of the financial services provider’s stock after acquiring an additional 860,727 shares during the quarter. Alliancebernstein L.P.’s holdings in Houlihan Lokey were worth $253,883,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. State Street Corp grew its position in Houlihan Lokey by 5.0% in the 4th quarter. State Street Corp now owns 1,120,572 shares of the financial services provider’s stock valued at $116,002,000 after acquiring an additional 53,550 shares during the last quarter. LPL Financial LLC grew its position in shares of Houlihan Lokey by 24.8% during the 4th quarter. LPL Financial LLC now owns 25,203 shares of the financial services provider’s stock worth $2,609,000 after buying an additional 5,005 shares in the last quarter. ClariVest Asset Management LLC bought a new position in shares of Houlihan Lokey during the 4th quarter worth $5,917,000. Barclays PLC grew its position in shares of Houlihan Lokey by 146.7% during the 4th quarter. Barclays PLC now owns 65,211 shares of the financial services provider’s stock worth $6,750,000 after buying an additional 38,781 shares in the last quarter. Finally, GHP Investment Advisors Inc. grew its position in shares of Houlihan Lokey by 1.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 116,675 shares of the financial services provider’s stock worth $12,078,000 after buying an additional 1,485 shares in the last quarter. 74.34% of the stock is currently owned by institutional investors.

Houlihan Lokey stock opened at $85.91 on Friday. The stock has a 50-day moving average of $85.93 and a two-hundred day moving average of $99.14. Houlihan Lokey, Inc. has a one year low of $73.73 and a one year high of $122.62. The stock has a market cap of $5.79 billion, a PE ratio of 13.40 and a beta of 0.65.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Thursday, June 2nd will be paid a $0.53 dividend. The ex-dividend date of this dividend is Wednesday, June 1st. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.43. This represents a $2.12 dividend on an annualized basis and a yield of 2.47%. Houlihan Lokey’s dividend payout ratio (DPR) is 26.83%.

A number of equities analysts have recently issued reports on HLI shares. Piper Sandler downgraded Houlihan Lokey from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $92.00 to $76.00 in a research report on Thursday, April 7th. The Goldman Sachs Group decreased their price objective on Houlihan Lokey from $106.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, May 23rd. Zacks Investment Research cut Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 23rd. Morgan Stanley decreased their price objective on Houlihan Lokey from $97.00 to $95.00 and set an “underweight” rating for the company in a research note on Friday, March 25th. Finally, StockNews.com cut Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Thursday, May 19th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $103.17.

Houlihan Lokey Company Profile (Get Rating)

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.

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Institutional Ownership by Quarter for Houlihan Lokey (NYSE:HLI)

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