Strategy Asset Managers LLC Acquires New Shares in Houlihan Lokey, Inc. (NYSE:HLI)

Strategy Asset Managers LLC bought a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the 4th quarter, HoldingsChannel.com reports. The fund bought 1,305 shares of the financial services provider’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in Houlihan Lokey during the 4th quarter worth approximately $143,559,000. Norges Bank acquired a new position in shares of Houlihan Lokey during the fourth quarter worth $114,047,000. Prudential Financial Inc. lifted its stake in shares of Houlihan Lokey by 731.6% in the 4th quarter. Prudential Financial Inc. now owns 347,469 shares of the financial services provider’s stock valued at $60,341,000 after acquiring an additional 305,685 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Houlihan Lokey by 341.0% during the 4th quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider’s stock valued at $53,366,000 after acquiring an additional 237,615 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in Houlihan Lokey during the 3rd quarter worth $24,177,000. Institutional investors own 78.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. StockNews.com downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Morgan Stanley upgraded shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and cut their target price for the stock from $201.00 to $190.00 in a research report on Thursday, March 13th. UBS Group upped their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Wells Fargo & Company raised shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and reduced their price objective for the stock from $180.00 to $179.00 in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. lowered their target price on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Houlihan Lokey presently has an average rating of “Hold” and a consensus target price of $192.00.

Houlihan Lokey Trading Down 1.8 %

Shares of Houlihan Lokey stock opened at $157.98 on Friday. The business has a 50-day moving average price of $172.13 and a two-hundred day moving average price of $172.63. Houlihan Lokey, Inc. has a 1-year low of $122.14 and a 1-year high of $192.10. The company has a market cap of $11.08 billion, a P/E ratio of 30.15 and a beta of 0.72.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, topping 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%. Equities research analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey’s payout ratio is 43.51%.

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.