Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Position in Houlihan Lokey, Inc. (NYSE:HLI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Houlihan Lokey, Inc. (NYSE:HLI) by 1.1% during the fourth quarter, Holdings Channel reports. The fund owned 11,835 shares of the financial services provider’s stock after acquiring an additional 126 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Houlihan Lokey were worth $2,055,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA purchased a new stake in shares of Houlihan Lokey during the 4th quarter valued at about $29,000. Financial Life Planners bought a new stake in Houlihan Lokey during the fourth quarter valued at approximately $33,000. Golden State Wealth Management LLC purchased a new stake in Houlihan Lokey during the fourth quarter valued at approximately $53,000. VisionPoint Advisory Group LLC bought a new position in Houlihan Lokey in the fourth quarter worth approximately $62,000. Finally, First Horizon Advisors Inc. boosted its stake in shares of Houlihan Lokey by 81.5% during the 3rd 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 during the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.

Houlihan Lokey Trading Up 2.6 %

Shares of HLI opened at $166.89 on Tuesday. The business’s 50 day moving average is $173.15 and its 200 day moving average is $172.45. Houlihan Lokey, Inc. has a 12-month low of $122.14 and a 12-month high of $192.10. The company has a market capitalization of $11.71 billion, a PE ratio of 31.85 and a beta of 0.72.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data 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%. Equities research analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Monday, March 3rd. Houlihan Lokey’s payout ratio is currently 43.51%.

Analyst Ratings Changes

Several equities research analysts have recently commented on HLI shares. Morgan Stanley upgraded Houlihan Lokey from an “underweight” rating to an “overweight” rating and reduced their price objective for the stock from $201.00 to $190.00 in a research note on Thursday, March 13th. UBS Group upped their price target on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Wells Fargo & Company raised Houlihan Lokey from an “underweight” rating to an “overweight” rating and lowered their price objective for the company from $180.00 to $179.00 in a research report on Tuesday, March 11th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $192.00 target price (up from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $192.00.

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.