Rheos Capital Works Inc. Buys 10,000 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Rheos Capital Works Inc. boosted its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 15.8% in the 4th quarter, Holdings Channel reports. The firm owned 73,400 shares of the financial services provider’s stock after acquiring an additional 10,000 shares during the quarter. Rheos Capital Works Inc.’s holdings in Houlihan Lokey were worth $12,747,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Fiera Capital Corp boosted its position in shares of Houlihan Lokey by 666.8% in the third quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider’s stock valued at $44,831,000 after acquiring an additional 246,705 shares during the period. Jennison Associates LLC boosted its holdings in Houlihan Lokey by 341.0% in the 4th quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider’s stock valued at $53,366,000 after purchasing an additional 237,615 shares during the period. Lord Abbett & CO. LLC purchased a new position in shares of Houlihan Lokey during the 3rd quarter valued at $24,177,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Houlihan Lokey by 33.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock worth $94,974,000 after purchasing an additional 149,114 shares during the period. Finally, Eagle Asset Management Inc. raised its position in shares of Houlihan Lokey by 23.6% in the third quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider’s stock worth $109,525,000 after buying an additional 132,516 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Stock Performance

Shares of HLI opened at $181.92 on Monday. Houlihan Lokey, Inc. has a fifty-two week low of $119.28 and a fifty-two week high of $192.10. The firm has a market cap of $12.64 billion, a price-to-earnings ratio of 34.72 and a beta of 0.69. The firm has a 50 day moving average price of $178.78 and a 200-day moving average price of $167.31.

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, beating the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. As a group, equities research analysts predict that Houlihan Lokey, Inc. will post 5.91 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be given a dividend of $0.57 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.25%. Houlihan Lokey’s payout ratio is 43.51%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Morgan Stanley boosted their target price on Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Wells Fargo & Company upped 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 shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $192.00 price target (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Finally, 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, January 29th. 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. According to MarketBeat.com, Houlihan Lokey has an average rating of “Hold” and a consensus price target of $194.40.

About Houlihan Lokey

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.