Oppenheimer Asset Management Inc. Sells 723 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Oppenheimer Asset Management Inc. lowered its position in Houlihan Lokey, Inc. (NYSE:HLI) by 2.5% during the 4th quarter, Holdings Channel reports. The fund owned 28,490 shares of the financial services provider’s stock after selling 723 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Houlihan Lokey were worth $4,948,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in Houlihan Lokey by 1.3% in the third quarter. State Street Corp now owns 1,615,467 shares of the financial services provider’s stock worth $255,276,000 after acquiring an additional 21,106 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Houlihan Lokey by 2.8% in the third quarter. Geode Capital Management LLC now owns 970,559 shares of the financial services provider’s stock worth $153,405,000 after acquiring an additional 26,564 shares in the last quarter. Eagle Asset Management Inc. boosted its holdings in 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 acquiring an additional 132,516 shares in the last quarter. Charles Schwab Investment Management Inc. lifted 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 valued at $94,974,000 after purchasing an additional 149,114 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Houlihan Lokey by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 486,964 shares of the financial services provider’s stock valued at $84,566,000 after purchasing an additional 4,896 shares in the last quarter. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Trading Up 1.8 %

Shares of HLI opened at $173.42 on Friday. The company has a market capitalization of $12.16 billion, a price-to-earnings ratio of 33.10 and a beta of 0.69. The stock has a 50 day moving average of $177.04 and a 200 day moving average of $171.14. Houlihan Lokey, Inc. has a 12 month low of $121.81 and a 12 month high of $192.10.

Houlihan Lokey (NYSE:HLI) last issued its quarterly 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%. As a group, equities research analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The company 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 $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is currently 43.51%.

Analysts Set New Price Targets

HLI has been the topic of a number of recent research reports. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Morgan Stanley raised their target price on Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a 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 on the stock in a report on Wednesday, January 29th. Finally, UBS Group raised their target price on Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating 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 stock. According to MarketBeat.com, the stock 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.