Houlihan Lokey, Inc. (NYSE:HLI) to Issue $0.57 Quarterly Dividend

Houlihan Lokey, Inc. (NYSE:HLIGet Free Report) declared a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Shareholders of record on Monday, March 3rd will be given a dividend of 0.57 per share by the financial services provider on Saturday, March 15th. This represents a $2.28 annualized dividend and a yield of 1.27%. The ex-dividend date is Monday, March 3rd.

Houlihan Lokey has raised its dividend by an average of 11.7% per year over the last three years. Houlihan Lokey has a payout ratio of 28.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Houlihan Lokey to earn $7.06 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 32.3%.

Houlihan Lokey Stock Down 2.1 %

Houlihan Lokey stock traded down $3.92 during mid-day trading on Wednesday, hitting $180.16. 653,512 shares of the stock were exchanged, compared to its average volume of 439,584. Houlihan Lokey has a 12 month low of $119.28 and a 12 month high of $192.10. The firm’s fifty day simple moving average is $179.23 and its two-hundred day simple moving average is $166.59. The stock has a market capitalization of $12.52 billion, a price-to-earnings ratio of 36.84 and a beta of 0.69.

Houlihan Lokey (NYSE:HLIGet Free Report) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. As a group, analysts forecast that Houlihan Lokey will post 5.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday. UBS Group lifted their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com upgraded Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Tuesday. Wells Fargo & Company lifted their target price on Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a research note on Wednesday. Finally, Morgan Stanley boosted their price objective on Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two 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 a consensus price target of $194.40.

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Houlihan Lokey Company Profile

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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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Dividend History for Houlihan Lokey (NYSE:HLI)

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