Mutual of America Capital Management LLC Trims Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

Mutual of America Capital Management LLC lessened its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,264 shares of the financial services provider’s stock after selling 1,159 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Houlihan Lokey were worth $10,813,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in HLI. Private Trust Co. NA purchased a new stake in Houlihan Lokey during the 4th quarter worth $29,000. Financial Life Planners acquired a new stake in Houlihan Lokey during the 4th quarter valued at $33,000. Golden State Wealth Management LLC purchased a new stake in Houlihan Lokey during the 4th quarter worth $53,000. VisionPoint Advisory Group LLC acquired a new position in Houlihan Lokey in the 4th quarter worth $62,000. Finally, First Horizon Advisors Inc. lifted its stake in shares of Houlihan Lokey by 81.5% in the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 198 shares in the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.

Houlihan Lokey Stock Performance

NYSE HLI opened at $173.42 on Friday. Houlihan Lokey, Inc. has a one year low of $121.81 and a one year high of $192.10. The company has a 50-day simple moving average of $177.03 and a 200-day simple moving average of $171.49. The firm has a market capitalization of $12.16 billion, a PE 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 EPS for the quarter, beating 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%. Equities analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently issued reports on HLI shares. Wells Fargo & Company lifted their price target on shares of Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Morgan Stanley boosted 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. JPMorgan Chase & Co. reduced their price target on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Finally, UBS Group increased their target price on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $194.40.

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.