Bleakley Financial Group LLC Cuts Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

Bleakley Financial Group LLC lessened its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 2.3% during the 4th quarter, HoldingsChannel reports. The firm owned 4,178 shares of the financial services provider’s stock after selling 97 shares during the period. Bleakley Financial Group LLC’s holdings in Houlihan Lokey were worth $726,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HLI. Barclays PLC increased its holdings in shares of Houlihan Lokey by 21.4% in the 3rd quarter. Barclays PLC now owns 36,821 shares of the financial services provider’s stock worth $5,818,000 after buying an additional 6,483 shares during the last quarter. Natixis Advisors LLC increased its stake in Houlihan Lokey by 2.5% during the third quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider’s stock worth $63,111,000 after acquiring an additional 9,768 shares during the last quarter. State Street Corp raised its position in Houlihan Lokey by 1.3% during the third 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 period. Gunderson Capital Management Inc. bought a new stake in shares of Houlihan Lokey in the 4th quarter valued at approximately $5,133,000. Finally, Assetmark Inc. boosted its holdings in shares of Houlihan Lokey by 2,482.4% in the 3rd quarter. Assetmark Inc. now owns 9,813 shares of the financial services provider’s stock worth $1,551,000 after purchasing an additional 9,433 shares during the period. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. UBS Group raised their price target on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Wells Fargo & Company increased their price objective on shares of Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Finally, JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $194.40.

Houlihan Lokey Stock Performance

Shares of NYSE HLI opened at $185.04 on Monday. Houlihan Lokey, Inc. has a 52-week low of $121.81 and a 52-week high of $192.10. The firm has a market capitalization of $12.86 billion, a price-to-earnings ratio of 35.31 and a beta of 0.69. The stock has a 50 day moving average price of $178.22 and a 200 day moving average price of $168.67.

Houlihan Lokey (NYSE:HLI) last posted its quarterly 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%. Analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.23%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 43.51%.

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.