Houlihan Lokey (NYSE:HLI) Price Target Lowered to $169.00 at JPMorgan Chase & Co.

Houlihan Lokey (NYSE:HLI) had its price target lowered by JPMorgan Chase & Co. from $172.00 to $169.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

A number of other equities research analysts have also weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Keefe, Bruyette & Woods dropped their target price on Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating on the stock in a research report on Monday, January 13th. StockNews.com upgraded Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Tuesday. UBS Group increased their target price on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley lowered shares of Houlihan Lokey from an “equal weight” rating to an “underweight” rating and lifted their price target for the stock from $171.00 to $200.00 in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $194.40.

Houlihan Lokey Trading Up 1.0 %

Shares of Houlihan Lokey stock opened at $181.92 on Wednesday. Houlihan Lokey has a twelve month low of $119.28 and a twelve month high of $192.10. The stock has a market cap of $12.64 billion, a price-to-earnings ratio of 34.72 and a beta of 0.69. The company has a fifty day moving average price of $178.78 and a 200 day moving average price of $167.04.

Houlihan Lokey (NYSE:HLI) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.59% and a net margin of 16.00%. Analysts forecast that Houlihan Lokey will post 5.84 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The company 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. This represents a $2.28 annualized dividend and a yield of 1.25%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio (DPR) is presently 43.51%.

Institutional Trading of Houlihan Lokey

Institutional investors have recently added to or reduced their stakes in the business. Financial Life Planners acquired a new position in shares of Houlihan Lokey in the 4th quarter valued at about $33,000. Wolff Wiese Magana LLC bought a new position in shares of Houlihan Lokey during the third quarter valued at approximately $38,000. Golden State Wealth Management LLC acquired a new stake in shares of Houlihan Lokey during the 4th quarter worth approximately $53,000. First Horizon Advisors Inc. boosted its position in Houlihan Lokey by 81.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 198 shares during the period. Finally, Quarry LP bought a new position in Houlihan Lokey during the 3rd quarter worth $76,000. Institutional investors own 78.07% of the company’s stock.

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.